Seven Hills, OH Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Seven Hills, OH Housing Market Trends

With a population of 11,590, 4,946 total housing units (homes and apartments), and a median house value of $204,484, Seven Hills 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 Seven Hills, accounting for 96.25% of the city's housing units. Other types of housing that are prevalent in Seven Hills include row houses and other attached homes ( 2.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Seven Hills. Owner-occupied housing accounts for 92.10% of Seven Hills's homes, and 85.89% 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. Seven Hills's housing was primarily built during this period, from the '40s through the '60s. A full 59.74% of the city's housing hails from this era. Other housing ages represented in Seven Hills include homes built between 1970-1999 ( 28.20%) and housing constructed between 2000 and later ( 8.85%). There's also some housing in Seven Hills built before 1939 ( 3.21%).

Seven Hills Home Appreciation Rates

Real estate appreciation rates in Seven Hills's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.34% during the period.

Appreciation rates are so strong in Seven Hills that despite a nationwide downturn in the housing market, Seven Hills real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Seven Hills appreciation rates continue to be some of the highest in America, at 7.00%, which is higher than appreciation rates in 86.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Seven Hills. Seven Hills appreciation rates in the latest quarter were at 3.02%, which equates to an annual appreciation rate of 12.64%.

Importantly, this makes Seven Hills one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Ohio, our data show that Seven Hills's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

Average Home Values

 
info

Median Home Value:
$204,484

Seven Hills, OH HOME PRICES

> $1,176,000
0.3%
0.3%
$882,001 - $1,176,000
0.0%
0.0%
$588,001 - $882,000
0.0%
0.0%
$471,001 - $588,000
1.0%
1.0%
$353,001 - $471,000
4.2%
4.2%
$235,001 - $353,000
23.4%
23.4%
$118,001 - $235,000
67.2%
67.2%
$59,001 - $118,000
2.2%
2.2%
$0 - $59,000
1.8%
1.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for OH

Value Relative To Nation

Number Of Homes And Apartments:
4,946

Seven Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
21.54% 0.93%
2
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,787 / per month

Homeownership Rate

Owners
92.1%
92.1%
Renters
7.9%
7.9%
Vacant
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
8.9%
8.9%
1970 - 1999
28.2%
28.2%
1940 - 1969
59.7%
59.7%
1939 or Older
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
96.2%
96.2%
Townhomes
2.3%
2.3%
Small Apt. Buildings
0.8%
0.8%
Apt. Complexes
0.6%
0.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.7%
0.7%
2 Bedrooms
8.4%
8.4%
3 Bedrooms
59.6%
59.6%
4 Bedrooms
26.3%
26.3%
5 or more bedrooms
5.1%
5.1%
0.0% 100.0%
% OF HOMES