Much like its surrounding areas, it is a little more expensive compared to the rest of the nation. However it is substantially more expensive compared to the city of Cleveland.
Home prices
The median home cost in Bay Village is $247,900. In comparison to its surrounding areas this is roughly $4,140 (1%) higher.It is roughly $30,400 (13%) higher compared to the rest of the country, and in comparison to the city of Cleveland it is about $178,300 (256%) higher.
Rents
Bay Village's median monthly rent is $1,040. It is about $11 (1%) lower in comparison to the surrounding areas.Compared to the country as a whole it is about $22 (2%) lower, and is approximately $321 (44%) higher compared to the city of Cleveland.
Nearby places
Westlake
Westlake is Bay Village's neighbor to the south. Its housing prices are similar. Westlake's median home value is $258,600, which works out to $10,700 (4%) higher than Bay Village. Its rents are somewhat more expensive. The median rent in Westlake is $1,174 per month, which works out to $134 (11%) higher than Bay Village.
Rocky River
Rocky River is Bay Village's neighbor to the east. Its real estate prices are similar. The value of the median home in Rocky River is $245,800, which is very similar to Bay Village. Its rents are a bit less expensive. In Rocky River the median rent is $924 per month, which works out to $116 (12%) lower than Bay Village.
Avon Lake
Avon Lake is Bay Village's neighbor to the west. The housing prices there are similar. The median home price in Avon Lake is $256,400, which comes out to $8,500 (3%) higher than Bay Village. Its rents are somewhat more expensive. In Avon Lake the median rent is $1,136 a month, which comes out to $96 (8%) higher than Bay Village.
Avon
Avon is Bay Village's neighbor to the southwest. Housing prices there are a little more expensive. The median home cost in Avon is $296,900, which comes out to $49,000 (16%) higher than Bay Village. Rent there is a bit more expensive. In Avon the median rent is $1,235 a month, which works out to $195 (15%) higher than Bay Village.
Fairview Park
Fairview Park is approximately 4 miles southeast of Bay Village. Real estate prices there are significantly less expensive. The value of the median home in Fairview Park is $161,100, which comes out to $86,800 (53%) lower than Bay Village. The rent there is significantly less expensive. In Fairview Park the median rent is $785 per month, which works out to $255 (32%) lower than Bay Village.
