Lyndhurst, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lyndhurst Neighborhoods Since 2000




Lyndhurst, 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

Lyndhurst Housing Market Information

With 13,691 people, 6,052 houses or apartments, and a median cost of homes of $150,267, Lyndhurst 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 Lyndhurst, accounting for 80.47% of the city's housing units. Other types of housing that are prevalent in Lyndhurst include large apartment complexes or high rise apartments ( 16.68%), row houses and other attached homes ( 1.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lyndhurst. Owner-occupied housing accounts for 78.94% of Lyndhurst's homes, and 69.64% 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. Lyndhurst's housing was primarily built during this period, from the '40s through the '60s. A full 72.07% of the city's housing hails from this era. Other housing ages represented in Lyndhurst include homes built between 1970-1999 ( 18.96%) and housing constructed before 1939 ( 8.23%).

Lyndhurst Home Appreciation Rates

Lyndhurst's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lyndhurst during the period has been just -2.03%, which is lower than 80% of US communities.

Over the last year, Lyndhurst appreciation rates have trailed the rest of the nation. In the last twelve months, Lyndhurst's appreciation rate has been 2.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lyndhurst were at -0.21%, which equates to an annual appreciation rate of -0.82%.

Relative to Ohio, our data show that Lyndhurst's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$150,267

Lyndhurst, OH HOME PRICES

Value Range
> $1,046,000 0.5
$785,001 - $1,046,000 0.2
$523,001 - $785,000 0.9
$418,001 - $523,000 0.4
$314,001 - $418,000 1.0
$209,001 - $314,000 10.9
$105,001 - $209,000 68.5
$52,001 - $105,000 15.2
$0 - $52,000 2.5

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
49.9121059416383 36.6141732283465

Number Of Homes And Apartments:
6,052

Lyndhurst 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
-8.37% -0.51% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,440 / per month

Homeownership Rate

Homeownership
Owners 78.94
Renters 21.06
Vacant 6.86

Housing Market Details

 

Age of Homes

AGE OF Lyndhurst HOMES
2000 or Newer 0.7
1970 - 1999 19.0
1940 - 1969 72.1
1939 or Older 8.2

Types of Homes

TYPE OF Lyndhurst HOMES
Single-Family 80.5
Townhomes 1.6
Small Apt. Buildings 1.2
Apt. Complexes 16.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lyndhurst HOMES
No Bedroom 0.20
1 Bedroom 5.02
2 Bedrooms 23.76
3 Bedrooms 48.60
4 Bedrooms 21.04
5 or more bedrooms 1.39