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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 22,631, 9,486 total housing units (homes and apartments), and a median house value of $79,579, house prices in Maple Heights 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 Maple Heights, accounting for 83.46% of the city's housing units. Other types of housing that are prevalent in Maple Heights include large apartment complexes or high rise apartments ( 11.54%), duplexes, homes converted to apartments or other small apartment buildings ( 3.43%).
The most prevalent building size and type in Maple Heights are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.68% owning and 36.32% 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. Maple Heights's housing was primarily built during this period, from the '40s through the '60s. A full 73.79% of the city's housing hails from this era. Other housing ages represented in Maple Heights include homes built between 1970-1999 ( 16.68%) and housing constructed before 1939 ( 8.71%).
Vacant housing appears to be an issue in Maple Heights. Fully 14.03% of the housing stock is classified as vacant. Left unchecked, vacant Maple Heights homes and apartments can be a drag on the real estate market, holding Maple Heights 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.
Homes have actually lost value in Maple Heights over the last then years, as home values have seen a decline of 37.99% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Maple Heights home appreciation rates at -0.21%, which equates to an annual appreciation rate of -0.82%.
Appreciation rates are so strong in Maple Heights that despite a nationwide downturn in the housing market, Maple Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Maple Heights appreciation rates continue to be some of the highest in America, at 6.54%, which is higher than appreciation rates in 78.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Maple Heights. Maple Heights appreciation rates in the latest quarter were at -0.21%, which equates to an annual appreciation rate of -0.82%.
Relative to Ohio, our data show that Maple Heights's latest annual appreciation rate is higher than 90% 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 Maple Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Maple Heights - 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 Maple Heights real estate investment or home purchase decisions.
|$802,001 - $1,069,000||0.0|
|$535,001 - $802,000||0.0|
|$428,001 - $535,000||0.2|
|$321,001 - $428,000||0.0|
|$214,001 - $321,000||1.1|
|$107,001 - $214,000||16.5|
|$54,001 - $107,000||61.5|
|$0 - $54,000||20.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Maple Heights HOMES|
|2000 or Newer||0.8|
|1970 - 1999||16.7|
|1940 - 1969||73.8|
|1939 or Older||8.7|
|TYPE OF Maple Heights HOMES|
|Small Apt. Buildings||3.4|
|SIZE OF Maple Heights HOMES|
|5 or more bedrooms||1.64|