Wickliffe, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Wickliffe Neighborhoods Since 2000




Wickliffe, 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

Wickliffe Housing Market Information

With a population of 12,545, 5,612 total housing units (homes and apartments), and a median house value of $129,278, house prices in Wickliffe are solidly below the national average.

Single-family detached homes are the single most common housing type in Wickliffe, accounting for 83.27% of the city's housing units. Other types of housing that are prevalent in Wickliffe include large apartment complexes or high rise apartments ( 9.38%), duplexes, homes converted to apartments or other small apartment buildings ( 3.61%), and a few row houses and other attached homes ( 3.59%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wickliffe. Owner-occupied housing accounts for 77.54% of Wickliffe's homes, and 73.97% 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. Wickliffe's housing was primarily built during this period, from the '40s through the '60s. A full 78.26% of the city's housing hails from this era. Other housing ages represented in Wickliffe include homes built between 1970-1999 ( 10.84%) and housing constructed before 1939 ( 8.13%). There's also some housing in Wickliffe built between 2000 and later ( 2.78%).

Wickliffe Home Appreciation Rates

Wickliffe's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wickliffe during the period has been just -1.99%, which is lower than 80% of US communities.

Over the last year, Wickliffe appreciation rates have trailed the rest of the nation. In the last twelve months, Wickliffe's appreciation rate has been 1.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wickliffe were at -0.21%, which equates to an annual appreciation rate of -0.82%.

Relative to Ohio, our data show that Wickliffe's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$129,278

Wickliffe, OH HOME PRICES

Value Range
> $1,040,000 0.0
$781,001 - $1,040,000 0.0
$520,001 - $781,000 0.0
$416,001 - $520,000 0.2
$312,001 - $416,000 2.0
$208,001 - $312,000 6.9
$104,001 - $208,000 65.4
$52,001 - $104,000 21.4
$0 - $52,000 4.1

Average for OH
Low for Nation

Value Relative to Nation Value Relative to State
60.2543068088597 54.5931758530184

Number Of Homes And Apartments:
5,612

Wickliffe 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
-6.51% -0.39% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$975 / per month

Homeownership Rate

Homeownership
Owners 77.54
Renters 22.46
Vacant 4.96

Housing Market Details

 

Age of Homes

AGE OF Wickliffe HOMES
2000 or Newer 2.8
1970 - 1999 10.8
1940 - 1969 78.3
1939 or Older 8.1

Types of Homes

TYPE OF Wickliffe HOMES
Single-Family 83.3
Townhomes 3.6
Small Apt. Buildings 3.6
Apt. Complexes 9.4
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Wickliffe HOMES
No Bedroom 0.00
1 Bedroom 6.15
2 Bedrooms 17.07
3 Bedrooms 59.09
4 Bedrooms 14.89
5 or more bedrooms 2.81