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 a population of 11,557, 4,857 total housing units (homes and apartments), and a median house value of $325,842, Seven Hills real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Seven Hills, accounting for 96.10% of the city's housing units. Other types of housing that are prevalent in Seven Hills include row houses and other attached homes ( 2.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Seven Hills. Owner-occupied housing accounts for 94.77% of Seven Hills's homes, and 89.05% 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. Seven Hills's housing was primarily built during this period, from the '40s through the '60s. A full 57.00% of the city's housing hails from this era. Other housing ages represented in Seven Hills include homes built between 1970-1999 ( 32.90%) and housing constructed between 2000 and later ( 6.36%). There's also some housing in Seven Hills built before 1939 ( 3.74%).
Real estate appreciation rates in Seven Hills's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.10% during the period.
Appreciation rates are so strong in Seven Hills that despite a nationwide downturn in the housing market, Seven Hills real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Seven Hills appreciation rates continue to be some of the highest in America, at 9.08%, which is higher than appreciation rates in 81.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Seven Hills. Seven Hills appreciation rates in the latest quarter were at 0.89%, which equates to an annual appreciation rate of 3.60%.
Relative to Ohio, our data show that Seven Hills's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.
$325,842
for Ohio
for nation
4,857
$2,239 / per month