Zip 44040 (Gates Mills, OH) Housing

The housing median value in 44040 Gates Mills, OH is $538,700, which is significantly higher than the US nationwide house median value of $338,100. In addition, house appreciation in 44040 Gates Mills has been 10.26% over the past year, a full 1.99% greater than the national average of 8.27%. This reflects a promising trend for homeowners and future buyers in the area; with healthy appreciation rates and high median values, 44040 Gates Mills is an attractive place to consider investing in real estate.

The median home cost in Gates Mills (zip 44040) is $538,700. Home appreciation the last 10 years has been 69.3%. Home Appreciation in Gates Mills (zip 44040) is up 13.4%.

Average Age of Homes

- The median age of Gates Mills (zip 44040) real estate is 55 years old

The Rental Market in Gates Mills (zip 44040)

- Renters make up 3.6% of the Gates Mills (zip 44040) population
- 0.0% of houses and apartments in Gates Mills (zip 44040), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Gates Mills, Ohio	United States
	1,229.0	139,647,020.0
	56	42
	$538,700	$338,100
	13.4%	16.6%
	47.5%	57.0%
	69.3%	101.1%
	$23.30	$10.98
	$10,001	$2,690
	85.6%	57.4%
	9.1%	11.2%
	5.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	3.3%	0.7%
	0.0%	0.4%
	0.5%	3.6%
	5.4%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	0.0%	2.4%
	0.7%	2.8%
	0.0%	3.9%
	0.2%	4.5%
	0.5%	11.3%
	2.9%	13.0%
	17.6%	20.1%
	21.1%	13.6%
	12.3%	8.3%
	21.7%	9.7%
	10.4%	3.9%
	3.6%	2.2%
	3.4%	0.8%
	5.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.9%	13.6%
	3.9%	13.6%
	6.4%	13.6%
	14.2%	13.2%
	9.6%	14.8%
	6.4%	13.6%
	11.3%	10.0%
	1.2%	4.7%
	25.5%	12.2%

Reviews for Gates Mills

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Tom · Gates Mills, OH

Small town America

Over 19 years ago

Living here is wonderful alittle expensive but, it is classic small town Americana in 25 minutes of a major More