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 13,457 people, 6,158 houses or apartments, and a median cost of homes of $154,428, house prices in Warrensville Heights are some of the most affordable in Ohio as well as the nation.
Large apartment complexes or high rise apartments are the single most common housing type in Warrensville Heights, accounting for 51.23% of the city's housing units. Other types of housing that are prevalent in Warrensville Heights include single-family detached homes ( 43.95%), duplexes, homes converted to apartments or other small apartment buildings ( 2.76%), and a few row houses and other attached homes ( 2.07%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Warrensville Heights primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Warrensville Heights has a mixture of owner-occupied and renter-occupied housing.
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 72.53% of the city's housing hails from this era. Other housing ages represented in Warrensville Heights include homes built between 1970-1999 ( 17.97%) and housing constructed between 2000 and later ( 4.93%). There's also some housing in Warrensville Heights built before 1939 ( 4.57%).
Vacant housing appears to be an issue in Warrensville Heights. Fully 10.15% 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.
Warrensville Heights's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Warrensville Heights during the period has been just 5.05%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Warrensville Heights's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Warrensville Heights's appreciation rate has been -0.78%, which annualizes to a rate of -3.07%.
Notably, Warrensville Heights's appreciation rate in the latest quarter is one of the lowest in America.
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.
$154,428
for Ohio
for nation
6,158
$1,458 / per month