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 6,914 people, 2,802 houses or apartments, and a median cost of homes of $537,808, Kirtland real estate is some of the most expensive in Ohio, although Kirtland home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Kirtland, accounting for 90.18% of the city's housing units. Other types of housing that are prevalent in Kirtland include row houses and other attached homes ( 2.99%), duplexes, homes converted to apartments or other small apartment buildings ( 2.65%), and a few mobile homes or trailers ( 2.40%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kirtland. Owner-occupied housing accounts for 89.32% of Kirtland's homes, and 76.33% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Kirtland 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 Kirtland built between 1940-1969 ( 35.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.90%). There's also some housing in Kirtland built before 1939 ( 8.73%).
Real estate appreciation rates in Kirtland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.38% during the period.
Appreciation rates are so strong in Kirtland that despite a nationwide downturn in the housing market, Kirtland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kirtland appreciation rates continue to be some of the highest in America, at 4.79%, which is higher than appreciation rates in 72.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kirtland. Kirtland appreciation rates in the latest quarter were at -0.34%, which equates to an annual appreciation rate of -1.35%.
Relative to Ohio, our data show that Kirtland's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.
$537,808
for Ohio
for nation
2,802
$1,236 / per month