Seven Hills, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Seven Hills Neighborhoods Since 2000




Seven Hills, 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

Seven Hills Housing Market Information

With a population of 11,690, 4,872 total housing units (homes and apartments), and a median house value of $184,538, Seven Hills real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Seven Hills, accounting for 96.77% of the city's housing units. Other types of housing that are prevalent in Seven Hills include row houses and other attached homes ( 1.72%).

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 94.37% of Seven Hills's homes, and 90.60% 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 63.74% of the city's housing hails from this era. Other housing ages represented in Seven Hills include homes built between 1970-1999 ( 28.38%) and housing constructed between 2000 and later ( 5.21%). There's also some housing in Seven Hills built before 1939 ( 2.66%).

Seven Hills Home Appreciation Rates

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

NeighborhoodScout's data show that during the latest twelve months, Seven Hills's appreciation rate, at 4.43%, has been at or slightly above the national average. In the latest quarter, Seven Hills's appreciation rate has been -0.21%, which annualizes to a rate of -0.82%.

Relative to Ohio, our data show that Seven Hills's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$184,538

Seven Hills, OH HOME PRICES

Value Range
> $1,106,000 0.8
$830,001 - $1,106,000 0.0
$553,001 - $830,000 0.0
$443,001 - $553,000 0.6
$332,001 - $443,000 3.1
$221,001 - $332,000 17.1
$111,001 - $221,000 73.0
$55,001 - $111,000 3.3
$0 - $55,000 2.1

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
36.546349466776 18.8976377952756

Number Of Homes And Apartments:
4,872

Seven Hills 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
0.74% 0.04% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,443 / per month

Homeownership Rate

Homeownership
Owners 94.37
Renters 5.63
Vacant 4.56

Housing Market Details

 

Age of Homes

AGE OF Seven Hills HOMES
2000 or Newer 5.2
1970 - 1999 28.4
1940 - 1969 63.7
1939 or Older 2.7

Types of Homes

TYPE OF Seven Hills HOMES
Single-Family 96.8
Townhomes 1.7
Small Apt. Buildings 0.8
Apt. Complexes 0.5
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Seven Hills HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 6.07
3 Bedrooms 62.70
4 Bedrooms 27.89
5 or more bedrooms 3.33