The housing market in 44116 Rocky River, OH is comparable to that of the United States as a whole. The median value of homes in the area is $309,600 and the US median value is $338,100. In the past year there has been an 8.27% appreciation rate for housing across the US and 8.35% in Rocky River, OH demonstrating that this market is on par with national averages. Therefore, investing in this area could be a sound decision financially for potential home-buyers and investors alike.
The median home cost in Rocky River (zip 44116) is $309,600. Home appreciation the last 10 years has been 79.6%. Home Appreciation in Rocky River (zip 44116) is up 12.6%.
Average Age of Homes
- The median age of Rocky River (zip 44116) real estate is 59 years old
The Rental Market in Rocky River (zip 44116)
- Renters make up 24.0% of the Rocky River (zip 44116) population
- 2.9% of houses and apartments in Rocky River (zip 44116), 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.