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Affordable
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These days, finding an affordable place to live in the Beachwood area can be challenging. Home prices in Beachwood are now at a median cost of $395,061, higher than the Ohio average of $236,816.
The average cost of rent is $2,068/mo in Beachwood, primarily driven by the current value of real estate in the Beachwood area. In Beachwood, 44.58% of households rent, and 47.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Beachwood is $10,112 per month. Households that rent pay about 20.45% of their income on rent here. Beachwood’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- University Heights, OH: less expensive homes
- Woodmere, OH: equally priced homes
- Pepper Pike, OH: higher priced homes
- Highland Hills, OH: less expensive homes
- Shaker Heights, OH: less expensive homes
- Lyndhurst, OH: less expensive homes
- South Euclid, OH: less expensive homes
- Warrensville Heights, OH: less expensive homes
- Orange, OH: higher priced homes
- North Randall, OH: less expensive homes
Cities with Similar Populations
- Short Hills, NJ: higher priced homes
- Hastings, MI: less expensive homes
- Sault Ste. Marie, MI: less expensive homes
- Gansevoort, NY: equally priced homes
- Carmel, NY: higher priced homes
- Cape May Court House, NJ: equally priced homes
- Gardendale, AL: less expensive homes
- Camby, IN: less expensive homes
- Shiloh, IL: less expensive homes
- Byram, MS: less expensive homes
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