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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Grandview 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Grandview Heights, OH Housing Market Trends

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%).

Grandview Heights Home Appreciation Rates

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.

Average Home Values

Median Home Value

$626,104

Grandview Heights, OH Home Prices
> $1,277,000
$957,001 - $1,277,000
$639,001 - $957,000
$511,001 - $639,000
$383,001 - $511,000
$255,001 - $383,000
$128,001 - $255,000
$64,001 - $128,000
$0 - $64,000
4.4%
4.4%
8.9%
8.9%
35.4%
35.4%
27.3%
27.3%
12.8%
12.8%
7.2%
7.2%
2.6%
2.6%
0.2%
0.2%
1.2%
1.2%
0% 100.0%
% of Homes
Very High

for Ohio

Very High

for nation

Number of Homes And Apartments:

3,750

Grandview Heights Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,562 / per month

Homeownership Rate

Owners
Renters
57.2%
57.2%
42.8%
42.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.7%
3.7%
96.3%
96.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.9%
25.9%
7.6%
7.6%
18.9%
18.9%
47.6%
47.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
50.3%
50.3%
5.4%
5.4%
14.9%
14.9%
28.4%
28.4%
1.0%
1.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
15.8%
15.8%
22.8%
22.8%
34.8%
34.8%
22.5%
22.5%
3.6%
3.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Grandview Heights

Zip Codes in Grandview Heights, OH