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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hiram, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hiram, OH Housing Market Trends

With 979 people, 213 houses or apartments, and a median cost of homes of $321,641, Hiram real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hiram, accounting for 74.48% of the village's housing units. Other types of housing that are prevalent in Hiram include large apartment complexes or high rise apartments ( 17.15%), row houses and other attached homes ( 5.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.35%).

Renters dominate Hiram's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

The housing in Hiram was primarily built before 1939 ( 42.68%), making the housing stock in Hiram some of the oldest overall in America, although there is a range of ages of homes in Hiram. The next most important housing age is between 1940-1969 ( 31.80%), followed by between 1970-1999 ( 22.18%). There's also some housing in Hiram built between 2000 and later ( 3.35%).

Vacant housing appears to be an issue in Hiram. Fully 10.88% of the housing stock is classified as vacant. Left unchecked, vacant Hiram homes and apartments can be a drag on the real estate market, holding Hiram real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hiram Home Appreciation Rates

Hiram's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hiram during the period has been just 4.86%, which is lower than 80% of US communities.

Over the last year, Hiram appreciation rates have trailed the rest of the nation. In the last twelve months, Hiram's appreciation rate has been -0.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hiram were at 1.45%, which equates to an annual appreciation rate of 5.93%.

Relative to Ohio, our data show that Hiram's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.

Average Home Values

Median Home Value

$321,641

Hiram, OH Home Prices
> $1,240,000
$931,001 - $1,240,000
$620,001 - $931,000
$496,001 - $620,000
$372,001 - $496,000
$248,001 - $372,000
$124,001 - $248,000
$62,001 - $124,000
$0 - $62,000
3.0%
3.0%
0.0%
0.0%
4.5%
4.5%
16.5%
16.5%
12.5%
12.5%
33.0%
33.0%
26.3%
26.3%
1.5%
1.5%
2.7%
2.7%
0% 100.0%
% of Homes
High

for Ohio

High

for nation

Number of Homes And Apartments:

213

Hiram Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,238 / per month

Homeownership Rate

Owners
Renters
31.0%
31.0%
69.0%
69.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.9%
10.9%
89.1%
89.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.3%
3.3%
22.2%
22.2%
31.8%
31.8%
42.7%
42.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.5%
74.5%
5.0%
5.0%
3.3%
3.3%
17.2%
17.2%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
7.1%
7.1%
26.4%
26.4%
25.5%
25.5%
36.0%
36.0%
3.3%
3.3%
0% 100.0%
% of Homes