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 a population of 13,238, 5,982 total housing units (homes and apartments), and a median house value of $79,983, house prices in Warrensville Heights are some of the most affordable in Ohio as well as the nation.
Single-family detached homes are the single most common housing type in Warrensville Heights, accounting for 48.12% of the city's housing units. Other types of housing that are prevalent in Warrensville Heights include large apartment complexes or high rise apartments ( 44.18%), row houses and other attached homes ( 3.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.16%).
The most prevalent building size and type in Warrensville Heights are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.55% owning and 56.45% 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. Warrensville Heights's housing was primarily built during this period, from the '40s through the '60s. A full 69.31% of the city's housing hails from this era. Other housing ages represented in Warrensville Heights include homes built between 1970-1999 ( 22.67%) and housing constructed before 1939 ( 6.24%). There's also some housing in Warrensville Heights built between 2000 and later ( 1.77%).
Vacant housing appears to be an issue in Warrensville Heights. Fully 14.53% of the housing stock is classified as vacant. Left unchecked, vacant Warrensville Heights homes and apartments can be a drag on the real estate market, holding Warrensville 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.
Homes have actually lost value in Warrensville Heights over the last then years, as home values have seen a decline of 29.52% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Warrensville Heights home appreciation rates at -0.21%, which equates to an annual appreciation rate of -0.82%.
Over the last year, Warrensville Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Warrensville Heights's appreciation rate has been -7.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Warrensville Heights were at -0.21%, which equates to an annual appreciation rate of -0.82%.
Relative to Ohio, our data show that Warrensville Heights's latest annual appreciation rate is lower than 90% 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 Warrensville Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Warrensville Heights - 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 Warrensville Heights real estate investment or home purchase decisions.
|$672,001 - $896,000||0.0|
|$448,001 - $672,000||0.0|
|$358,001 - $448,000||0.0|
|$269,001 - $358,000||0.0|
|$179,001 - $269,000||2.8|
|$90,001 - $179,000||37.0|
|$45,001 - $90,000||49.2|
|$0 - $45,000||10.8|
|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 Warrensville Heights HOMES|
|2000 or Newer||1.8|
|1970 - 1999||22.7|
|1940 - 1969||69.3|
|1939 or Older||6.2|
|TYPE OF Warrensville Heights HOMES|
|Small Apt. Buildings||3.2|
|SIZE OF Warrensville Heights HOMES|
|5 or more bedrooms||0.46|