Pepper Pike, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Pepper Pike Neighborhoods Since 2000




Pepper Pike, 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

Pepper Pike Housing Market Information

With a population of 6,204, 2,178 total housing units (homes and apartments), and a median house value of $391,001, Pepper Pike house prices are not only among the most expensive in Ohio, Pepper Pike real estate also is some of the most expensive in all of America.

Pepper Pike is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Pepper Pike than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pepper Pike. Owner-occupied housing accounts for 90.35% of Pepper Pike's homes, and 83.62% 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. Pepper Pike's housing was primarily built during this period, from the '40s through the '60s. A full 53.15% of the city's housing hails from this era. Other housing ages represented in Pepper Pike include homes built between 1970-1999 ( 36.55%) and housing constructed between 2000 and later ( 7.33%). There's also some housing in Pepper Pike built before 1939 ( 2.97%).

Pepper Pike Home Appreciation Rates

Pepper Pike's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pepper Pike during the period has been just -0.93%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pepper Pike's appreciation rate, at 3.29%, has been at or slightly above the national average. In the latest quarter, Pepper Pike's appreciation rate has been -0.21%, which annualizes to a rate of -0.82%.

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

Average Home Values

 

Median Home Value:
$391,001

Pepper Pike, OH HOME PRICES

Value Range
> $1,072,000 3.9
$804,001 - $1,072,000 6.3
$536,001 - $804,000 26.2
$429,001 - $536,000 18.8
$322,001 - $429,000 25.3
$215,001 - $322,000 13.5
$107,001 - $215,000 3.7
$54,001 - $107,000 0.0
$0 - $54,000 2.3

Very High for OH
Very High for Nation

Value Relative to Nation Value Relative to State
9.85585374428689 1.5748031496063

Number Of Homes And Apartments:
2,178

Pepper Pike 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
0.77% 0.04% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,382 / per month

Homeownership Rate

Homeownership
Owners 90.35
Renters 9.65
Vacant 6.12

Housing Market Details

 

Age of Homes

AGE OF Pepper Pike HOMES
2000 or Newer 7.3
1970 - 1999 36.6
1940 - 1969 53.1
1939 or Older 3.0

Types of Homes

TYPE OF Pepper Pike HOMES
Single-Family 96.2
Townhomes 3.4
Small Apt. Buildings 0.0
Apt. Complexes 0.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pepper Pike HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 2.59
3 Bedrooms 29.74
4 Bedrooms 53.88
5 or more bedrooms 13.79