Highland Heights, OH Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Highland Heights, OH Housing Market Trends

With 8,373 people, 3,215 houses or apartments, and a median cost of homes of $426,642, Highland Heights house prices are not only among the most expensive in Ohio, Highland Heights real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Highland Heights, accounting for 90.98% of the city's housing units. Other types of housing that are prevalent in Highland Heights include row houses and other attached homes ( 4.92%), large apartment complexes or high rise apartments ( 2.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Highland Heights. Owner-occupied housing accounts for 93.57% of Highland Heights's homes, and 82.35% 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. Highland Heights's housing was primarily built during this period, from the '40s through the '60s. A full 41.34% of the city's housing hails from this era. Other housing ages represented in Highland Heights include homes built between 1970-1999 ( 37.63%) and housing constructed between 2000 and later ( 19.34%). There's also some housing in Highland Heights built before 1939 ( 1.69%).

Highland Heights Home Appreciation Rates

Real estate appreciation rates in Highland Heights's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.34% during the period.

Over the last year, Highland Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Highland Heights's appreciation rate has been 8.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Highland Heights were at 2.23%, which equates to an annual appreciation rate of 9.20%.

Relative to Ohio, our data show that Highland Heights's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$426,642

Highland Heights, OH HOME PRICES

> $1,270,000
0.0%
0.0%
$952,001 - $1,270,000
0.0%
0.0%
$635,001 - $952,000
4.8%
4.8%
$508,001 - $635,000
12.9%
12.9%
$381,001 - $508,000
25.8%
25.8%
$254,001 - $381,000
28.4%
28.4%
$127,001 - $254,000
26.6%
26.6%
$64,001 - $127,000
0.8%
0.8%
$0 - $64,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
3,215

Highland Heights Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
25.62% 1.07%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$926 / per month

Homeownership Rate

Owners
93.6%
93.6%
Renters
6.4%
6.4%
Vacant
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
19.3%
19.3%
1970 - 1999
37.6%
37.6%
1940 - 1969
41.3%
41.3%
1939 or Older
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
91.0%
91.0%
Townhomes
4.9%
4.9%
Small Apt. Buildings
1.8%
1.8%
Apt. Complexes
2.4%
2.4%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
1.1%
1.1%
2 Bedrooms
4.4%
4.4%
3 Bedrooms
47.0%
47.0%
4 Bedrooms
35.3%
35.3%
5 or more bedrooms
9.7%
9.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Highland Heights

Zip Codes in Highland Heights, OH