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
With 13,202 people, 4,596 houses or apartments, and a median cost of homes of $178,687, University Heights real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in University Heights, accounting for 73.45% of the city's housing units. Other types of housing that are prevalent in University Heights include large apartment complexes or high rise apartments ( 14.88%), duplexes, homes converted to apartments or other small apartment buildings ( 9.89%), and a few row houses and other attached homes ( 1.78%).
The most prevalent building size and type in University Heights are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.83% owning and 43.17% renting.
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. University Heights's housing was primarily built during this period, from the '40s through the '60s. A full 64.39% of the city's housing hails from this era. Other housing ages represented in University Heights include homes built before 1939 ( 24.39%) and housing constructed between 1970-1999 ( 10.95%).
Vacant housing appears to be an issue in University Heights. Fully 12.91% of the housing stock is classified as vacant. Left unchecked, vacant University Heights homes and apartments can be a drag on the real estate market, holding University Heights real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
University Heights's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in University Heights during the period has been just -1.30%, which is lower than 70% of US communities.
Over the last year, University Heights appreciation rates have trailed the rest of the nation. In the last twelve months, University Heights's appreciation rate has been 2.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in University Heights were at -0.21%, which equates to an annual appreciation rate of -0.82%.
Relative to Ohio, our data show that University Heights's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.
|$801,001 - $1,068,000||0.0|
|$534,001 - $801,000||0.0|
|$427,001 - $534,000||0.0|
|$320,001 - $427,000||4.0|
|$214,001 - $320,000||21.1|
|$107,001 - $214,000||66.2|
|$53,001 - $107,000||6.0|
|$0 - $53,000||2.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF University Heights HOMES|
|2000 or Newer||0.3|
|1970 - 1999||11.0|
|1940 - 1969||64.4|
|1939 or Older||24.4|
|TYPE OF University Heights HOMES|
|Small Apt. Buildings||9.9|
|SIZE OF University Heights HOMES|
|5 or more bedrooms||4.53|