Highland Heights, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Highland Heights Neighborhoods Since 2000




Highland Heights, 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

Highland Heights Housing Market Information

With 8,396 people, 3,110 houses or apartments, and a median cost of homes of $330,869, Highland Heights house prices are not only among the most expensive in Ohio, Highland Heights real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Highland Heights, accounting for 91.14% of the city's housing units. Other types of housing that are prevalent in Highland Heights include row houses and other attached homes ( 6.97%), large apartment complexes or high rise apartments ( 1.90%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Highland Heights. Owner-occupied housing accounts for 92.21% of Highland Heights's homes, and 85.19% have either three or four bedrooms, which is average sized relative to America.

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. Highland Heights's housing was primarily built during this period, from the '40s through the '60s. A full 39.69% of the city's housing hails from this era. Other housing ages represented in Highland Heights include homes built between 1970-1999 ( 38.51%) and housing constructed between 2000 and later ( 17.76%). There's also some housing in Highland Heights built before 1939 ( 4.04%).

Highland Heights Home Appreciation Rates

Highland Heights's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Highland Heights during the period has been just -1.33%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Highland Heights's appreciation rate, at 3.98%, has been at or slightly above the national average. In the latest quarter, Highland Heights's appreciation rate has been -0.21%, which annualizes to a rate of -0.82%.

Relative to Ohio, our data show that Highland Heights's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$330,869

Highland Heights, OH HOME PRICES

Value Range
> $1,096,000 0.0
$822,001 - $1,096,000 2.3
$548,001 - $822,000 3.3
$439,001 - $548,000 8.4
$329,001 - $439,000 25.6
$219,001 - $329,000 24.0
$110,001 - $219,000 30.6
$55,001 - $110,000 1.9
$0 - $55,000 3.9

Very High for OH
Very High for Nation

Value Relative to Nation Value Relative to State
13.635298253838 3.41207349081365

Number Of Homes And Apartments:
3,110

Highland Heights 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
-1.68% -0.10% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$841 / per month

Homeownership Rate

Homeownership
Owners 92.21
Renters 7.79
Vacant 3.27

Housing Market Details

 

Age of Homes

AGE OF Highland Heights HOMES
2000 or Newer 17.8
1970 - 1999 38.5
1940 - 1969 39.7
1939 or Older 4.0

Types of Homes

TYPE OF Highland Heights HOMES
Single-Family 91.1
Townhomes 7.0
Small Apt. Buildings 0.0
Apt. Complexes 1.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Highland Heights HOMES
No Bedroom 0.31
1 Bedroom 1.90
2 Bedrooms 5.75
3 Bedrooms 46.25
4 Bedrooms 38.94
5 or more bedrooms 6.84

Popular Neighborhoods in Highland Heights

Zip Codes in Highland Heights, OH