Wickliffe, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wickliffe, OH Real Estate Data


Wickliffe Housing Market Information

With 12,545 people, 5,467 houses or apartments, and a median cost of homes of $138,175, 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 83.81% of the city's housing units. Other types of housing that are prevalent in Wickliffe include large apartment complexes or high rise apartments ( 9.09%), duplexes, homes converted to apartments or other small apartment buildings ( 3.52%), and a few row houses and other attached homes ( 3.43%).

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 79.54% of Wickliffe's homes, and 72.83% 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 80.34% of the city's housing hails from this era. Other housing ages represented in Wickliffe include homes built between 1970-1999 ( 9.37%) and housing constructed before 1939 ( 7.60%). There's also some housing in Wickliffe built between 2000 and later ( 2.68%).

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 -1.11%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Wickliffe's appreciation rate, at 5.29%, has been at or slightly above the national average. In the latest quarter, Wickliffe's appreciation rate has been 3.30%, which annualizes to a rate of 13.87%.

Importantly, this makes Wickliffe 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 Wickliffe's latest annual appreciation rate is higher than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$138,175

Wickliffe, OH HOME PRICES

Value Range
> $1,112,000 0.0
$834,001 - $1,112,000 0.0
$556,001 - $834,000 0.0
$445,001 - $556,000 0.2
$333,001 - $445,000 1.8
$222,001 - $333,000 6.9
$111,001 - $222,000 68.9
$56,001 - $111,000 18.9
$0 - $56,000 3.3

Average for OH
Average for Nation

Value Relative to Nation Value Relative to State
56.6727176904609 50.6561679790026

Number Of Homes And Apartments:
5,467

Rent & Ownership

 

Average Market Rent:
$978 / per month

Homeownership Rate

Homeownership
Owners 79.54
Renters 20.46
Vacant 5.32

Housing Market Details

 

Age of Homes

AGE OF Wickliffe HOMES
2000 or Newer 2.7
1970 - 1999 9.4
1940 - 1969 80.3
1939 or Older 7.6

Types of Homes

TYPE OF Wickliffe HOMES
Single-Family 83.8
Townhomes 3.4
Small Apt. Buildings 3.5
Apt. Complexes 9.1
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Wickliffe HOMES
No Bedroom 0.00
1 Bedroom 6.60
2 Bedrooms 17.96
3 Bedrooms 56.13
4 Bedrooms 16.70
5 or more bedrooms 2.62

Wickliffe Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
1.86% 0.11% 2 1
* 10 is highest