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 21,510 people, 9,670 houses or apartments, and a median cost of homes of $315,692, Rocky River real estate is some of the most expensive in Ohio, although Rocky River home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Rocky River, accounting for 56.82% of the city's housing units. Other types of housing that are prevalent in Rocky River include large apartment complexes or high rise apartments ( 32.00%), row houses and other attached homes ( 8.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rocky River. Owner-occupied housing accounts for 70.28% of Rocky River's homes, and 56.01% 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. Rocky River's housing was primarily built during this period, from the '40s through the '60s. A full 52.66% of the city's housing hails from this era. Other housing ages represented in Rocky River include homes built between 1970-1999 ( 23.17%) and housing constructed before 1939 ( 19.13%). There's also some housing in Rocky River built between 2000 and later ( 5.04%).
Appreciation rates for homes in Rocky River have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.62%, which ranks in the top 40% nationwide. This equates to an annual average Rocky River house appreciation rate of 6.55%.
Over the last year, Rocky River appreciation rates have trailed the rest of the nation. In the last twelve months, Rocky River's appreciation rate has been 8.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rocky River were at -0.49%, which equates to an annual appreciation rate of -1.94%.
Relative to Ohio, our data show that Rocky River's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
High for Nation
Very High for OH