Housing in Eastlake, OH is a great investment. The median value for houses in the area is $160,800, which is significantly lower than the US house median value of $338,100. This discrepancy creates an opportunity for buyers to get more bang for their buck. Furthermore, house appreciation over the past year has been 10.26%, which is higher than the US average of 8.27%. Therefore, Eastlake makes a great option for potential homebuyers looking to invest in a rising market.
The median home cost in Eastlake is $160,800. Home appreciation the last 10 years has been 69.3%. Home Appreciation in Eastlake is up 13.4%.
Average Age of Homes
- The median age of Eastlake real estate is 51 years old
The Rental Market in Eastlake
- Renters make up 23.5% of the Eastlake population
- 0.4% of houses and apartments in Eastlake, 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.