Middleburg Heights, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Middleburg Heights Neighborhoods Since 2000




Middleburg 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

Middleburg Heights Housing Market Information

With 15,696 people, 6,747 houses or apartments, and a median cost of homes of $170,285, Middleburg Heights 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 Middleburg Heights, accounting for 59.30% of the city's housing units. Other types of housing that are prevalent in Middleburg Heights include large apartment complexes or high rise apartments ( 26.27%), row houses and other attached homes ( 11.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Middleburg Heights. Owner-occupied housing accounts for 69.01% of Middleburg Heights's homes, and 60.39% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Middleburg Heights built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Middleburg Heights built between 1940-1969 ( 42.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.27%). There's also some housing in Middleburg Heights built before 1939 ( 3.23%).

Middleburg Heights Home Appreciation Rates

Middleburg Heights's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Middleburg Heights during the period has been just -1.04%, which is lower than 70% of US communities.

Appreciation rates are so strong in Middleburg Heights that despite a nationwide downturn in the housing market, Middleburg Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Middleburg Heights appreciation rates continue to be some of the highest in America, at 7.60%, which is higher than appreciation rates in 84.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Middleburg Heights. Middleburg 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 Middleburg 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 Middleburg Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Middleburg 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 Middleburg Heights real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$170,285

Middleburg Heights, OH HOME PRICES

Value Range
> $1,143,000 0.0
$857,001 - $1,143,000 0.0
$571,001 - $857,000 0.0
$457,001 - $571,000 0.4
$343,001 - $457,000 3.1
$229,001 - $343,000 14.2
$114,001 - $229,000 64.2
$57,001 - $114,000 11.6
$0 - $57,000 6.5

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
41.5680300011719 25.9842519685039

Number Of Homes And Apartments:
6,747

Middleburg 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
-1.34% -0.08% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$971 / per month

Homeownership Rate

Homeownership
Owners 69.01
Renters 30.99
Vacant 4.72

Housing Market Details

 

Age of Homes

AGE OF Middleburg Heights HOMES
2000 or Newer 7.3
1970 - 1999 46.8
1940 - 1969 42.7
1939 or Older 3.2

Types of Homes

TYPE OF Middleburg Heights HOMES
Single-Family 59.3
Townhomes 11.6
Small Apt. Buildings 2.8
Apt. Complexes 26.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Middleburg Heights HOMES
No Bedroom 0.27
1 Bedroom 11.38
2 Bedrooms 26.32
3 Bedrooms 43.41
4 Bedrooms 16.98
5 or more bedrooms 1.64