Rocky River, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Rocky River Neighborhoods Since 2000




Rocky River, 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

Rocky River Housing Market Information

With a population of 20,376, 8,958 total housing units (homes and apartments), and a median house value of $215,259, Rocky River real estate is some of the most expensive in Ohio, although Rocky River home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Rocky River, accounting for 58.27% of the city's housing units. Other types of housing that are prevalent in Rocky River include large apartment complexes or high rise apartments ( 31.46%), duplexes, homes converted to apartments or other small apartment buildings ( 5.47%), and a few row houses and other attached homes ( 4.71%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rocky River. Owner-occupied housing accounts for 72.20% of Rocky River's homes, and 53.68% 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. Rocky River's housing was primarily built during this period, from the '40s through the '60s. A full 55.16% of the city's housing hails from this era. Other housing ages represented in Rocky River include homes built between 1970-1999 ( 21.47%) and housing constructed before 1939 ( 20.99%). There's also some housing in Rocky River built between 2000 and later ( 2.39%).

Rocky River Home Appreciation Rates

Appreciation rates for homes in Rocky River have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.79%, which ranks in the top 30% nationwide. This equates to an annual average Rocky River house appreciation rate of 0.94%.

NeighborhoodScout's data show that during the latest twelve months, Rocky River's appreciation rate, at 3.65%, has been at or slightly above the national average. In the latest quarter, Rocky River's appreciation rate has been -0.21%, which annualizes to a rate of -0.82%.

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

Average Home Values

 

Median Home Value:
$215,259

Rocky River, OH HOME PRICES

Value Range
> $1,132,000 1.1
$849,001 - $1,132,000 0.7
$566,001 - $849,000 4.6
$453,001 - $566,000 5.3
$340,001 - $453,000 12.0
$226,001 - $340,000 30.3
$113,001 - $226,000 30.2
$57,001 - $113,000 9.3
$0 - $57,000 6.4

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
28.6681120356264 12.3359580052493

Number Of Homes And Apartments:
8,958

Rocky River 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
24.54% 1.28% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$988 / per month

Homeownership Rate

Homeownership
Owners 72.20
Renters 27.80
Vacant 8.16

Housing Market Details

 

Age of Homes

AGE OF Rocky River HOMES
2000 or Newer 2.4
1970 - 1999 21.5
1940 - 1969 55.2
1939 or Older 21.0

Types of Homes

TYPE OF Rocky River HOMES
Single-Family 58.3
Townhomes 4.7
Small Apt. Buildings 5.5
Apt. Complexes 31.5
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Rocky River HOMES
No Bedroom 1.77
1 Bedroom 11.40
2 Bedrooms 26.57
3 Bedrooms 33.24
4 Bedrooms 20.44
5 or more bedrooms 6.57