Bay Village, OH is a desirable place to live when it comes to housing. The median value of homes in the area is $325,100, which is slightly lower than the US median value of $338,100. However, what's really impressive about Bay Village is that the one year appreciation rate for homes 8.35%, which slightly higher than the national rate of 8.27%. This indicates that Bay Village is a great place for investing in housing; homes are appreciating quickly and still being offered at a reasonable price.
The median home cost in Bay Village is $325,100. Home appreciation the last 10 years has been 79.6%. Home Appreciation in Bay Village is up 12.6%.
Average Age of Homes
- The median age of Bay Village real estate is 60 years old
The Rental Market in Bay Village
- Renters make up 7.8% of the Bay Village population
- 0.4% of houses and apartments in Bay Village, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.