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 45,725 people, 18,785 houses or apartments, and a median cost of homes of $332,622, Strongsville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Strongsville, accounting for 79.26% of the city's housing units. Other types of housing that are prevalent in Strongsville include large apartment complexes or high rise apartments ( 13.68%), row houses and other attached homes ( 6.01%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Strongsville. Owner-occupied housing accounts for 81.79% of Strongsville's homes, and 70.55% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Strongsville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Strongsville built between 1940-1969 ( 20.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.87%). There's also some housing in Strongsville built before 1939 ( 3.06%).
Real estate appreciation rates in Strongsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.66% during the period.
NeighborhoodScout's data show that during the latest twelve months, Strongsville's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Strongsville's appreciation rate has been -0.78%, which annualizes to a rate of -3.07%.
Notably, Strongsville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Strongsville's latest annual appreciation rate is lower than 80% 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 Strongsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Strongsville - 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 Strongsville real estate investment or home purchase decisions.
$332,622
for Ohio
for nation
18,785
$2,059 / per month