Cleveland Heights, OH


Highest Appreciating Cleveland Heights Neighborhoods Since 2000

Cleveland Heights, OH Real Estate Data

Cleveland Heights Housing Market Information

With 44,962 people, 19,530 houses or apartments, and a median cost of homes of $166,655, Cleveland Heights real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Cleveland Heights, accounting for 58.79% of the city's housing units. Other types of housing that are prevalent in Cleveland Heights include large apartment complexes or high rise apartments ( 24.99%), duplexes, homes converted to apartments or other small apartment buildings ( 11.46%), and a few row houses and other attached homes ( 4.55%).

The most prevalent building size and type in Cleveland Heights are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.92% owning and 44.08% renting.

The housing in Cleveland Heights was primarily built before 1939 ( 55.40%), making the housing stock in Cleveland Heights some of the oldest overall in America, although there is a range of ages of homes in Cleveland Heights. The next most important housing age is between 1940-1969 ( 33.93%), followed by between 1970-1999 ( 9.27%). There's also some housing in Cleveland Heights built between 2000 and later ( 1.40%).

Vacant housing appears to be an issue in Cleveland Heights. Fully 11.86% of the housing stock is classified as vacant. Left unchecked, vacant Cleveland Heights homes and apartments can be a drag on the real estate market, holding Cleveland Heights real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Cleveland Heights Home Appreciation Rates

Cleveland Heights's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cleveland Heights during the period has been just -1.64%, which is lower than 80% of US communities.

Over the last year, Cleveland Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Cleveland Heights's appreciation rate has been 4.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cleveland Heights were at 3.30%, which equates to an annual appreciation rate of 13.87%.

Importantly, this makes Cleveland Heights one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Ohio, our data show that Cleveland Heights's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cleveland Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cleveland Heights - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cleveland Heights real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Cleveland Heights, OH HOME PRICES

Value Range
> $1,085,000 0.3
$814,001 - $1,085,000 0.6
$542,001 - $814,000 2.8
$434,001 - $542,000 1.5
$325,001 - $434,000 5.5
$217,001 - $325,000 10.2
$108,001 - $217,000 51.6
$54,001 - $108,000 24.2
$0 - $54,000 3.2

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
44.0124143584939 29.9212598425197

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,017 / per month

Homeownership Rate

Owners 55.92
Renters 44.08
Vacant 11.86

Housing Market Details


Age of Homes

AGE OF Cleveland Heights HOMES
2000 or Newer 1.4
1970 - 1999 9.3
1940 - 1969 33.9
1939 or Older 55.4

Types of Homes

TYPE OF Cleveland Heights HOMES
Single-Family 58.8
Townhomes 4.6
Small Apt. Buildings 11.5
Apt. Complexes 25.0
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Cleveland Heights HOMES
No Bedroom 2.17
1 Bedroom 16.04
2 Bedrooms 18.33
3 Bedrooms 34.70
4 Bedrooms 20.04
5 or more bedrooms 8.72

Cleveland Heights Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
-2.57% -0.15% 2 1
* 10 is highest