Cuyahoga Falls, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cuyahoga Falls Neighborhoods Since 2000




Cuyahoga Falls, OH Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cuyahoga Falls Housing Market Information

With a population of 49,146, 21,654 total housing units (homes and apartments), and a median house value of $127,095, house prices in Cuyahoga Falls are solidly below the national average.

Single-family detached homes are the single most common housing type in Cuyahoga Falls, accounting for 64.58% of the city's housing units. Other types of housing that are prevalent in Cuyahoga Falls include large apartment complexes or high rise apartments ( 20.42%), duplexes, homes converted to apartments or other small apartment buildings ( 7.74%), and a few row houses and other attached homes ( 6.49%).

The most prevalent building size and type in Cuyahoga Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.44% owning and 39.56% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cuyahoga Falls's housing was primarily built during this period, from the '40s through the '60s. A full 48.44% of the city's housing hails from this era. Other housing ages represented in Cuyahoga Falls include homes built between 1970-1999 ( 29.74%) and housing constructed before 1939 ( 16.02%). There's also some housing in Cuyahoga Falls built between 2000 and later ( 5.80%).

Cuyahoga Falls Home Appreciation Rates

Real estate appreciation rates in Cuyahoga Falls's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.30% during the period.

NeighborhoodScout's data show that during the latest twelve months, Cuyahoga Falls's appreciation rate, at 4.33%, has been at or slightly above the national average. In the latest quarter, Cuyahoga Falls's appreciation rate has been 3.11%, which annualizes to a rate of 13.02%.

Relative to Ohio, our data show that Cuyahoga Falls's latest annual appreciation rate is lower than 60% 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 Cuyahoga Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cuyahoga Falls - 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 Cuyahoga Falls real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$127,095

Cuyahoga Falls, OH HOME PRICES

Value Range
> $1,130,000 0.1
$847,001 - $1,130,000 0.2
$565,001 - $847,000 0.4
$452,001 - $565,000 1.6
$339,001 - $452,000 1.6
$226,001 - $339,000 10.3
$113,001 - $226,000 55.3
$57,001 - $113,000 26.0
$0 - $57,000 4.6

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
62.7554306458224 61.2860892388451

Number Of Homes And Apartments:
21,654

Cuyahoga Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
6.22% 0.35% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$929 / per month

Homeownership Rate

Homeownership
Owners 60.44
Renters 39.56
Vacant 7.42

Housing Market Details

 

Age of Homes

AGE OF Cuyahoga Falls HOMES
2000 or Newer 5.8
1970 - 1999 29.7
1940 - 1969 48.4
1939 or Older 16.0

Types of Homes

TYPE OF Cuyahoga Falls HOMES
Single-Family 64.6
Townhomes 6.5
Small Apt. Buildings 7.7
Apt. Complexes 20.4
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Cuyahoga Falls HOMES
No Bedroom 1.94
1 Bedroom 13.46
2 Bedrooms 29.31
3 Bedrooms 40.01
4 Bedrooms 13.52
5 or more bedrooms 1.77