Cities with the most expensive homes in the Cleveland metro area
Cities with the most expensive homes in the Cleveland metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights affordability plays a huge role for buyers.
The typical home value in the United States was a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.
Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Cleveland metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
#30. Medina, OH
- Typical home value: $339,475
- 1-year price change: +3.6%
- 5-year price change: +47.4%
#29. Chesterland, OH
- Typical home value: $339,830
- 1-year price change: +3.0%
- 5-year price change: +41.4%
#28. Bratenahl, OH
- Typical home value: $341,333
- 1-year price change: +0.6%
- 5-year price change: +37.0%
#27. Mayfield, OH
- Typical home value: $342,078
- 1-year price change: +3.9%
- 5-year price change: +39.0%
#26. Litchfield, OH
- Typical home value: $347,407
- 1-year price change: +5.7%
- 5-year price change: +55.8%
#25. Concord, OH
- Typical home value: $350,257
- 1-year price change: +2.7%
- 5-year price change: +38.6%
#24. Rocky River, OH
- Typical home value: $352,225
- 1-year price change: +4.2%
- 5-year price change: +40.5%
#23. Broadview Heights, OH
- Typical home value: $356,914
- 1-year price change: +3.4%
- 5-year price change: +38.1%
#22. Bay Village, OH
- Typical home value: $366,911
- 1-year price change: +5.8%
- 5-year price change: +41.0%
#21. Westlake, OH
- Typical home value: $367,803
- 1-year price change: +4.3%
- 5-year price change: +40.1%
#20. Kirtland, OH
- Typical home value: $368,110
- 1-year price change: +2.0%
- 5-year price change: +38.3%
#19. Avon Lake, OH
- Typical home value: $370,094
- 1-year price change: +2.7%
- 5-year price change: +41.6%
#18. Highland Heights, OH
- Typical home value: $375,217
- 1-year price change: +3.7%
- 5-year price change: +35.7%
#17. Brecksville, OH
- Typical home value: $384,601
- 1-year price change: +4.5%
- 5-year price change: +40.5%
#16. Novelty, OH
- Typical home value: $390,956
- 1-year price change: +1.7%
- 5-year price change: +40.7%
#15. Solon, OH
- Typical home value: $404,172
- 1-year price change: +5.0%
- 5-year price change: +38.2%
#14. Glenwillow, OH
- Typical home value: $407,579
- 1-year price change: +4.1%
- 5-year price change: +42.1%
#13. Beachwood, OH
- Typical home value: $429,422
- 1-year price change: +6.7%
- 5-year price change: +40.5%
#12. Avon, OH
- Typical home value: $429,612
- 1-year price change: +2.6%
- 5-year price change: +39.9%
#11. Valley City, OH
- Typical home value: $432,674
- 1-year price change: +3.7%
- 5-year price change: +48.2%
#10. Chagrin Falls, OH
- Typical home value: $447,602
- 1-year price change: +5.2%
- 5-year price change: +42.1%
#9. Hinckley, OH
- Typical home value: $452,010
- 1-year price change: +3.8%
- 5-year price change: +43.9%
#8. Orange, OH
- Typical home value: $476,886
- 1-year price change: +1.8%
- 5-year price change: +31.5%
#7. Pepper Pike, OH
- Typical home value: $603,176
- 1-year price change: +2.6%
- 5-year price change: +33.0%
#6. Moreland Hills, OH
- Typical home value: $630,456
- 1-year price change: +3.7%
- 5-year price change: +38.7%
#5. Waite Hill, OH
- Typical home value: $664,346
- 1-year price change: -1.8%
- 5-year price change: +36.3%
#4. Gates Mills, OH
- Typical home value: $664,971
- 1-year price change: +0.9%
- 5-year price change: +30.6%
#3. Kirtland Hills, OH
- Typical home value: $693,829
- 1-year price change: +1.5%
- 5-year price change: +41.9%
#2. Bentleyville, OH
- Typical home value: $747,506
- 1-year price change: +3.0%
- 5-year price change: +32.7%
#1. Hunting Valley, OH
- Typical home value: $1,360,530
- 1-year price change: -1.1%
- 5-year price change: +26.7%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.
