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, plays a huge role for buyers.
The typical home value in the United States was $372,057 in June, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 16, the sits at 6.55%.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.
compiled a list of cities with the most expensive homes in the Cleveland metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 109 cities and towns.
#30. Chardon, OH
- Typical home value: $381,341
- 1-year price change: +4.9%
- 5-year price change: +31.1%
#29. Homerville, OH
- Typical home value: $383,252
- 1-year price change: +4.5%
- 5-year price change: +37.5%
#28. Medina, OH
- Typical home value: $387,438
- 1-year price change: +4.1%
- 5-year price change: +32.9%
#27. Chesterland, OH
- Typical home value: $388,774
- 1-year price change: +3.7%
- 5-year price change: +30.8%
#26. Mayfield Village, OH
- Typical home value: $398,576
- 1-year price change: +2.9%
- 5-year price change: +29.1%
#25. Concord, OH
- Typical home value: $402,911
- 1-year price change: +3.6%
- 5-year price change: +28.8%
#24. Litchfield, OH
- Typical home value: $410,832
- 1-year price change: +3.4%
- 5-year price change: +38.0%
#23. Rocky River, OH
- Typical home value: $413,656
- 1-year price change: +5.9%
- 5-year price change: +36.0%
#22. Kirtland, OH
- Typical home value: $425,816
- 1-year price change: +6.1%
- 5-year price change: +30.9%
#21. Westlake, OH
- Typical home value: $430,881
- 1-year price change: +3.8%
- 5-year price change: +32.8%
#20. Bay Village, OH
- Typical home value: $432,142
- 1-year price change: +4.9%
- 5-year price change: +34.6%
#19. Avon Lake, OH
- Typical home value: $435,174
- 1-year price change: +4.9%
- 5-year price change: +32.6%
#18. Highland Heights, OH
- Typical home value: $437,096
- 1-year price change: +4.0%
- 5-year price change: +30.7%
#17. Novelty, OH
- Typical home value: $450,211
- 1-year price change: +3.1%
- 5-year price change: +32.8%
#16. Brecksville, OH
- Typical home value: $454,539
- 1-year price change: +4.9%
- 5-year price change: +35.7%
#15. Solon, OH
- Typical home value: $472,037
- 1-year price change: +4.3%
- 5-year price change: +31.0%
#14. Glenwillow, OH
- Typical home value: $472,287
- 1-year price change: +7.3%
- 5-year price change: +38.1%
#13. Avon, OH
- Typical home value: $484,808
- 1-year price change: +5.0%
- 5-year price change: +34.5%
#12. Valley City, OH
- Typical home value: $496,997
- 1-year price change: +5.1%
- 5-year price change: +34.3%
#11. Beachwood, OH
- Typical home value: $511,328
- 1-year price change: +5.9%
- 5-year price change: +38.2%
#10. Chagrin Falls, OH
- Typical home value: $518,070
- 1-year price change: +4.6%
- 5-year price change: +36.8%
#9. Hinckley, OH
- Typical home value: $519,852
- 1-year price change: +4.2%
- 5-year price change: +33.3%
#8. Orange, OH
- Typical home value: $575,500
- 1-year price change: +6.1%
- 5-year price change: +33.6%
#7. Pepper Pike, OH
- Typical home value: $738,203
- 1-year price change: +5.3%
- 5-year price change: +33.2%
#6. Moreland Hills, OH
- Typical home value: $772,146
- 1-year price change: +9.1%
- 5-year price change: +43.0%
#5. Gates Mills, OH
- Typical home value: $794,544
- 1-year price change: +6.3%
- 5-year price change: +34.1%
#4. Kirtland Hills, OH
- Typical home value: $797,757
- 1-year price change: +6.4%
- 5-year price change: +38.8%
#3. Waite Hill, OH
- Typical home value: $817,959
- 1-year price change: +6.3%
- 5-year price change: +32.7%
#2. Bentleyville, OH
- Typical home value: $888,061
- 1-year price change: +7.5%
- 5-year price change: +36.9%
#1. Hunting Valley, OH
- Typical home value: $1,718,437
- 1-year price change: +9.3%
- 5-year price change: +40.1%