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 a population of 11,557, 4,857 total housing units (homes and apartments), and a median house value of $292,364, Seven Hills real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Seven Hills, accounting for 96.10% of the city's housing units. Other types of housing that are prevalent in Seven Hills include row houses and other attached homes ( 2.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Seven Hills. Owner-occupied housing accounts for 94.77% of Seven Hills's homes, and 89.05% 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. Seven Hills's housing was primarily built during this period, from the '40s through the '60s. A full 57.00% of the city's housing hails from this era. Other housing ages represented in Seven Hills include homes built between 1970-1999 ( 32.90%) and housing constructed between 2000 and later ( 6.36%). There's also some housing in Seven Hills built before 1939 ( 3.74%).
Seven Hills's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Seven Hills during the period has been just 5.25%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Seven Hills's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Seven Hills's appreciation rate has been -0.78%, which annualizes to a rate of -3.07%.
Notably, Seven Hills's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Seven Hills's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
$292,364
for Ohio
for nation
4,857
$2,113 / per month