Cities with the fastest growing home prices in Cleveland metro area

Written by:
November 23, 2022
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Cities with the fastest growing home prices in Cleveland metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Cleveland-Elyria, OH metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 112 cities and towns in Cleveland.

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Stacker

#30. Shaker Heights, Shaker Heights

- 1-year price change: +$32,908 (+11.4%)
- 5-year price change: +$114,140 (+54.8%)
- Typical home value: $322,291 (#34 most expensive city in metro)
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Stacker

#29. Brunswick, Brunswick

- 1-year price change: +$33,076 (+13.3%)
- 5-year price change: +$95,739 (+51.5%)
- Typical home value: $281,800 (#45 most expensive city in metro)
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Stacker

#28. Newbury, Newbury

- 1-year price change: +$33,520 (+13.6%)
- 5-year price change: +$84,595 (+43.2%)
- Typical home value: $280,226 (#47 most expensive city in metro)
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Stacker

#27. North Ridgeville, North Ridgeville

- 1-year price change: +$33,873 (+13.5%)
- 5-year price change: +$97,281 (+51.6%)
- Typical home value: $285,660 (#43 most expensive city in metro)
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Stacker

#26. Solon, Solon

- 1-year price change: +$35,451 (+9.7%)
- 5-year price change: +$118,445 (+41.9%)
- Typical home value: $401,153 (#16 most expensive city in metro)

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Stacker

#25. Avon Lake, Avon Lake

- 1-year price change: +$35,573 (+10.9%)
- 5-year price change: +$110,268 (+43.6%)
- Typical home value: $362,899 (#24 most expensive city in metro)
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Stacker

#24. Mayfield, Mayfield

- 1-year price change: +$36,070 (+11.3%)
- 5-year price change: +$114,487 (+47.6%)
- Typical home value: $355,142 (#25 most expensive city in metro)
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Stacker

#23. Lagrange, Lagrange

- 1-year price change: +$37,852 (+15.7%)
- 5-year price change: +$98,944 (+54.9%)
- Typical home value: $279,048 (#48 most expensive city in metro)
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Stacker

#22. Chardon, Chardon

- 1-year price change: +$38,445 (+13.7%)
- 5-year price change: +$100,726 (+46.2%)
- Typical home value: $318,918 (#36 most expensive city in metro)
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#21. Spencer, Spencer

- 1-year price change: +$38,666 (+15.3%)
- 5-year price change: +$108,499 (+59.6%)
- Typical home value: $290,661 (#42 most expensive city in metro)

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Stacker

#20. Homerville, Homerville

- 1-year price change: +$39,806 (+14.3%)
- 5-year price change: +$114,089 (+56.0%)
- Typical home value: $317,922 (#37 most expensive city in metro)
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#19. Chesterland, Chesterland

- 1-year price change: +$41,227 (+14.1%)
- 5-year price change: +$114,089 (data not available)
- Typical home value: $333,471 (#30 most expensive city in metro)
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#18. Medina, Medina

- 1-year price change: +$44,310 (+14.8%)
- 5-year price change: +$117,736 (+52.3%)
- Typical home value: $343,033 (#28 most expensive city in metro)
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#17. Beachwood, Beachwood

- 1-year price change: +$45,462 (+11.2%)
- 5-year price change: +$150,454 (+50.0%)
- Typical home value: $451,561 (#11 most expensive city in metro)
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#16. Glenwillow, Glenwillow

- 1-year price change: +$45,963 (+12.4%)
- 5-year price change: +$133,108 (+46.9%)
- Typical home value: $416,835 (#15 most expensive city in metro)

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Stacker

#15. Novelty, Novelty

- 1-year price change: +$46,320 (+14.0%)
- 5-year price change: +$116,753 (+45.0%)
- Typical home value: $376,319 (#18 most expensive city in metro)
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#14. Orange, Orange

- 1-year price change: +$48,542 (+11.6%)
- 5-year price change: +$139,193 (+42.6%)
- Typical home value: $465,596 (#10 most expensive city in metro)
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#13. Avon, Avon

- 1-year price change: +$49,033 (+13.0%)
- 5-year price change: +$131,543 (+44.7%)
- Typical home value: $425,847 (#12 most expensive city in metro)
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#12. Chagrin Falls, Chagrin Falls

- 1-year price change: +$50,298 (+13.5%)
- 5-year price change: +$134,367 (+46.6%)
- Typical home value: $422,409 (#13 most expensive city in metro)
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Stacker

#11. Litchfield, Litchfield

- 1-year price change: +$51,568 (+17.2%)
- 5-year price change: +$126,862 (+56.7%)
- Typical home value: $350,570 (#26 most expensive city in metro)

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#10. Valley City, Valley City

- 1-year price change: +$54,452 (+14.8%)
- 5-year price change: +$147,031 (+53.4%)
- Typical home value: $422,320 (#14 most expensive city in metro)
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#9. Kirtland Hills, Kirtland Hills

- 1-year price change: +$54,577 (+8.7%)
- 5-year price change: +$171,960 (+33.7%)
- Typical home value: $681,960 (#4 most expensive city in metro)
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Stacker

#8. South Russell, South Russell

- 1-year price change: +$55,135 (+13.4%)
- 5-year price change: +$146,149 (+45.5%)
- Typical home value: $467,118 (#9 most expensive city in metro)
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#7. Pepper Pike, Pepper Pike

- 1-year price change: +$58,763 (+9.9%)
- 5-year price change: +$185,848 (+39.8%)
- Typical home value: $653,013 (#7 most expensive city in metro)
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#6. Waite Hill, Waite Hill

- 1-year price change: +$59,325 (+9.8%)
- 5-year price change: +$168,739 (+33.9%)
- Typical home value: $666,082 (#5 most expensive city in metro)

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#5. Hinckley, Hinckley

- 1-year price change: +$62,501 (+15.4%)
- 5-year price change: +$145,155 (+45.0%)
- Typical home value: $467,446 (#8 most expensive city in metro)
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#4. Moreland Hills, Moreland Hills

- 1-year price change: +$68,149 (+11.4%)
- 5-year price change: +$200,831 (+43.3%)
- Typical home value: $664,833 (#6 most expensive city in metro)
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#3. Bentleyville, Bentleyville

- 1-year price change: +$71,134 (+9.9%)
- 5-year price change: +$244,171 (+44.9%)
- Typical home value: $787,543 (#2 most expensive city in metro)
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#2. Gates Mills, Gates Mills

- 1-year price change: +$83,232 (+13.0%)
- 5-year price change: +$201,715 (+38.7%)
- Typical home value: $723,103 (#3 most expensive city in metro)
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#1. Hunting Valley, Hunting Valley

- 1-year price change: +$139,555 (+10.9%)
- 5-year price change: +$336,144 (+31.1%)
- Typical home value: $1,415,844 (#1 most expensive city in metro)

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