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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 44,660, 17,828 total housing units (homes and apartments), and a median house value of $238,088, Strongsville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Strongsville, accounting for 79.54% of the city's housing units. Other types of housing that are prevalent in Strongsville include large apartment complexes or high rise apartments ( 14.39%), row houses and other attached homes ( 5.53%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Strongsville. Owner-occupied housing accounts for 80.74% of Strongsville's homes, and 70.00% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Strongsville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Strongsville built between 1940-1969 ( 18.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.69%). There's also some housing in Strongsville built before 1939 ( 2.99%).
Appreciation rates for homes in Strongsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 28.44%, which ranks in the top 50% nationwide. This equates to an annual average Strongsville house appreciation rate of 2.53%.
Appreciation rates are so strong in Strongsville that despite a nationwide downturn in the housing market, Strongsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Strongsville appreciation rates continue to be some of the highest in America, at 5.20%, which is higher than appreciation rates in 75.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Strongsville. Strongsville appreciation rates in the latest quarter were at 2.01%, which equates to an annual appreciation rate of 8.27%.
Importantly, this makes Strongsville 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 Strongsville's latest annual appreciation rate is higher than 80% 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 Strongsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Strongsville - 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 Strongsville real estate investment or home purchase decisions.
|$906,001 - $1,208,000||0.1|
|$604,001 - $906,000||0.9|
|$483,001 - $604,000||2.9|
|$362,001 - $483,000||11.4|
|$242,001 - $362,000||34.8|
|$121,001 - $242,000||45.0|
|$60,001 - $121,000||3.1|
|$0 - $60,000||1.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
2000 Q1 - 2020 Q3
|* 10 is highest|
|AGE OF Strongsville HOMES|
|2000 or Newer||11.7|
|1970 - 1999||66.8|
|1940 - 1969||18.5|
|1939 or Older||3.0|
|TYPE OF Strongsville HOMES|
|Small Apt. Buildings||0.6|
|SIZE OF Strongsville HOMES|
|5 or more bedrooms||4.55|