South Euclid, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating South Euclid Neighborhoods Since 2000




South Euclid, 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

South Euclid Housing Market Information

With 21,794 people, 8,880 houses or apartments, and a median cost of homes of $100,686, house prices in South Euclid are solidly below the national average.

Single-family detached homes are the single most common housing type in South Euclid, accounting for 87.24% of the city's housing units. Other types of housing that are prevalent in South Euclid include large apartment complexes or high rise apartments ( 6.70%), duplexes, homes converted to apartments or other small apartment buildings ( 3.43%), and a few row houses and other attached homes ( 2.19%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South Euclid. Owner-occupied housing accounts for 75.61% of South Euclid's homes, and 76.47% 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. South Euclid's housing was primarily built during this period, from the '40s through the '60s. A full 75.45% of the city's housing hails from this era. Other housing ages represented in South Euclid include homes built before 1939 ( 13.57%) and housing constructed between 1970-1999 ( 8.83%). There's also some housing in South Euclid built between 2000 and later ( 2.14%).

South Euclid Home Appreciation Rates

Homes have actually lost value in South Euclid over the last then years, as home values have seen a decline of 26.83% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows South Euclid home appreciation rates at -0.21%, which equates to an annual appreciation rate of -0.82%.

NeighborhoodScout's data show that during the latest twelve months, South Euclid's appreciation rate, at 3.57%, has been at or slightly above the national average. In the latest quarter, South Euclid's appreciation rate has been -0.21%, which annualizes to a rate of -0.82%.

Relative to Ohio, our data show that South Euclid's latest annual appreciation rate is higher than 50% 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 South Euclid differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South Euclid - 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 South Euclid real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$100,686

South Euclid, OH HOME PRICES

Value Range
> $1,035,000 0.1
$776,001 - $1,035,000 0.0
$518,001 - $776,000 0.0
$414,001 - $518,000 0.0
$311,001 - $414,000 0.7
$207,001 - $311,000 4.0
$104,001 - $207,000 47.3
$52,001 - $104,000 42.1
$0 - $52,000 5.8

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
77.1475448259698 78.4776902887139

Number Of Homes And Apartments:
8,880

South Euclid 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
-20.22% -1.30% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,117 / per month

Homeownership Rate

Homeownership
Owners 75.61
Renters 24.39
Vacant 7.60

Housing Market Details

 

Age of Homes

AGE OF South Euclid HOMES
2000 or Newer 2.1
1970 - 1999 8.8
1940 - 1969 75.5
1939 or Older 13.6

Types of Homes

TYPE OF South Euclid HOMES
Single-Family 87.2
Townhomes 2.2
Small Apt. Buildings 3.4
Apt. Complexes 6.7
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF South Euclid HOMES
No Bedroom 0.17
1 Bedroom 3.36
2 Bedrooms 17.54
3 Bedrooms 56.33
4 Bedrooms 20.15
5 or more bedrooms 2.46