Strongsville, 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

Strongsville, OH Housing Market Trends

With a population of 44,660, 17,880 total housing units (homes and apartments), and a median house value of $245,201, Strongsville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Strongsville, accounting for 78.42% of the city's housing units. Other types of housing that are prevalent in Strongsville include large apartment complexes or high rise apartments ( 14.72%), row houses and other attached homes ( 6.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Strongsville. Owner-occupied housing accounts for 80.82% of Strongsville's homes, and 69.84% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Strongsville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Strongsville built between 1940-1969 ( 18.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.91%). There's also some housing in Strongsville built before 1939 ( 3.01%).

Strongsville Home Appreciation Rates

Appreciation rates for homes in Strongsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 43.06%, which ranks in the top 50% nationwide. This equates to an annual average Strongsville house appreciation rate of 3.65%.

NeighborhoodScout's data show that during the latest twelve months, Strongsville's appreciation rate, at 9.17%, has been at or slightly above the national average. In the latest quarter, Strongsville's appreciation rate has been 2.25%, which annualizes to a rate of 9.30%.

Relative to Ohio, our data show that Strongsville's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Strongsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Strongsville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Strongsville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$245,201

Strongsville, OH HOME PRICES

> $1,239,000
0.2%
0.2%
$929,001 - $1,239,000
0.1%
0.1%
$619,001 - $929,000
0.8%
0.8%
$496,001 - $619,000
3.0%
3.0%
$372,001 - $496,000
11.9%
11.9%
$248,001 - $372,000
35.7%
35.7%
$124,001 - $248,000
44.5%
44.5%
$62,001 - $124,000
2.7%
2.7%
$0 - $62,000
1.1%
1.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
17,880

Strongsville 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
36.70% 1.46%
4
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,725 / per month

Homeownership Rate

Owners
80.8%
80.8%
Renters
19.2%
19.2%
Vacant
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.9%
11.9%
1970 - 1999
66.5%
66.5%
1940 - 1969
18.6%
18.6%
1939 or Older
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.4%
78.4%
Townhomes
6.3%
6.3%
Small Apt. Buildings
0.5%
0.5%
Apt. Complexes
14.7%
14.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
5.2%
5.2%
2 Bedrooms
19.7%
19.7%
3 Bedrooms
33.7%
33.7%
4 Bedrooms
36.2%
36.2%
5 or more bedrooms
4.2%
4.2%
0.0% 100.0%
% OF HOMES