Euclid, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Euclid, 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 Q1 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

Euclid Housing Market Information

With 47,676 people, 22,416 houses or apartments, and a median cost of homes of $83,380, house prices in Euclid are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Euclid, accounting for 53.10% of the city's housing units. Other types of housing that are prevalent in Euclid include large apartment complexes or high rise apartments ( 35.78%), duplexes, homes converted to apartments or other small apartment buildings ( 5.63%), and a few row houses and other attached homes ( 5.39%).

People in Euclid primarily live in small (one, two or no bedroom) single-family detached homes. Euclid has a mixture of owner-occupied and renter-occupied housing.

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. Euclid's housing was primarily built during this period, from the '40s through the '60s. A full 66.79% of the city's housing hails from this era. Other housing ages represented in Euclid include homes built between 1970-1999 ( 18.04%) and housing constructed before 1939 ( 14.32%).

Vacant housing appears to be an issue in Euclid. Fully 15.32% of the housing stock is classified as vacant. Left unchecked, vacant Euclid homes and apartments can be a drag on the real estate market, holding Euclid 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.

Euclid Home Appreciation Rates

Homes have actually lost value in Euclid over the last then years, as home values have seen a decline of 32.57% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Euclid home appreciation rates at -0.21%, which equates to an annual appreciation rate of -0.82%.

NeighborhoodScout's data show that during the latest twelve months, Euclid's appreciation rate, at 3.91%, has been at or slightly above the national average. In the latest quarter, Euclid's appreciation rate has been -0.21%, which annualizes to a rate of -0.82%.

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

Average Home Values

 

Median Home Value:
$83,380

Euclid, OH HOME PRICES

Value Range
> $1,038,000 0.0
$779,001 - $1,038,000 0.1
$519,001 - $779,000 0.2
$415,001 - $519,000 0.4
$312,001 - $415,000 1.0
$208,001 - $312,000 1.3
$104,001 - $208,000 27.9
$52,001 - $104,000 51.6
$0 - $52,000 17.4

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
88.3804054845892 90.5511811023622

Number Of Homes And Apartments:
22,416

Euclid Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-24.47% -1.61% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$928 / per month

Homeownership Rate

Homeownership
Owners 48.33
Renters 51.67
Vacant 15.32

Housing Market Details

 

Age of Homes

AGE OF Euclid HOMES
2000 or Newer 0.8
1970 - 1999 18.0
1940 - 1969 66.8
1939 or Older 14.3

Types of Homes

TYPE OF Euclid HOMES
Single-Family 53.1
Townhomes 5.4
Small Apt. Buildings 5.6
Apt. Complexes 35.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Euclid HOMES
No Bedroom 2.18
1 Bedroom 19.30
2 Bedrooms 29.39
3 Bedrooms 35.34
4 Bedrooms 12.19
5 or more bedrooms 1.59