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 8,634, 3,750 total housing units (homes and apartments), and a median house value of $618,303, 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%).
Appreciation rates for homes in Grandview Heights have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.91%, which ranks in the top 40% nationwide. This equates to an annual average Grandview Heights house appreciation rate of 7.12%.
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 4.70%, 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 1.73%, which equates to an annual appreciation rate of 7.09%.
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.
$618,303
for Ohio
for nation
3,750
$2,455 / per month