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 8,634 people, 3,750 houses or apartments, and a median cost of homes of $626,104, Grandview Heights house prices are not only among the most expensive in Ohio, Grandview 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 Grandview Heights, accounting for 50.28% of the city's housing units. Other types of housing that are prevalent in Grandview Heights include large apartment complexes or high rise apartments ( 28.43%), duplexes, homes converted to apartments or other small apartment buildings ( 14.92%), and a few row houses and other attached homes ( 5.39%).
The most prevalent building size and type in Grandview Heights are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.17% owning and 42.83% renting.
The housing in Grandview Heights was primarily built before 1939 ( 47.59%), making the housing stock in Grandview Heights some of the oldest overall in America, although there is a range of ages of homes in Grandview Heights. The next most important housing age is between 2000 and later ( 25.94%), followed by between 1940-1969 ( 18.90%). There's also some housing in Grandview Heights built between 1970-1999 ( 7.58%).
Real estate appreciation rates in Grandview Heights's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.52% during the period.
Over the last year, Grandview Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Grandview Heights's appreciation rate has been 3.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Grandview Heights were at 1.53%, which equates to an annual appreciation rate of 6.27%.
Relative to Ohio, our data show that Grandview Heights's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.
$626,104
for Ohio
for nation
3,750
$2,562 / per month