Cuyahoga Falls, OH Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cuyahoga Falls, OH Housing Market Trends

With a population of 49,106, 22,053 total housing units (homes and apartments), and a median house value of $148,702, 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 64.38% of the city's housing units. Other types of housing that are prevalent in Cuyahoga Falls include large apartment complexes or high rise apartments ( 21.43%), duplexes, homes converted to apartments or other small apartment buildings ( 7.59%), and a few row houses and other attached homes ( 5.88%).

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 61.34% owning and 38.66% 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 45.25% of the city's housing hails from this era. Other housing ages represented in Cuyahoga Falls include homes built between 1970-1999 ( 30.26%) and housing constructed before 1939 ( 16.51%). There's also some housing in Cuyahoga Falls built between 2000 and later ( 7.98%).

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 2.54% during the period.

NeighborhoodScout's data show that during the latest twelve months, Cuyahoga Falls's appreciation rate, at 5.98%, has been at or slightly above the national average. In the latest quarter, Cuyahoga Falls's appreciation rate has been 2.28%, which annualizes to a rate of 9.45%.

Relative to Ohio, our data show that Cuyahoga Falls's latest annual appreciation rate is lower than 70% 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:
$148,702

Cuyahoga Falls, OH HOME PRICES

> $1,188,000
0.2%
0.2%
$891,001 - $1,188,000
0.2%
0.2%
$593,001 - $891,000
0.7%
0.7%
$475,001 - $593,000
1.4%
1.4%
$356,001 - $475,000
2.6%
2.6%
$237,001 - $356,000
11.3%
11.3%
$119,001 - $237,000
61.4%
61.4%
$60,001 - $119,000
18.9%
18.9%
$0 - $60,000
3.3%
3.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for OH

Value Relative To Nation

Number Of Homes And Apartments:
22,053

Cuyahoga Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
28.33% 1.19%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,001 / per month

Homeownership Rate

Owners
61.3%
61.3%
Renters
38.7%
38.7%
Vacant
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.0%
8.0%
1970 - 1999
30.3%
30.3%
1940 - 1969
45.2%
45.2%
1939 or Older
16.5%
16.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.4%
64.4%
Townhomes
5.9%
5.9%
Small Apt. Buildings
7.6%
7.6%
Apt. Complexes
21.4%
21.4%
Mobile Homes
0.7%
0.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
12.6%
12.6%
2 Bedrooms
29.7%
29.7%
3 Bedrooms
37.6%
37.6%
4 Bedrooms
16.8%
16.8%
5 or more bedrooms
1.6%
1.6%
0.0% 100.0%
% OF HOMES