Cleveland, MI is a great place to invest in housing. With a median value of $510,900, it is much higher than the US house median value of $338,100. This should be encouraging for potential investors as home values have appreciated by 15.49% over the past year – far higher than the US average of 8.27%. The combination of high median value and strong appreciation rates makes Cleveland, MI an attractive destination for anyone looking to purchase or invest in housing.
The median home cost in Cleveland is $510,900. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Cleveland is up 19.8%.
Average Age of Homes
- The median age of Cleveland real estate is 34 years old
The Rental Market in Cleveland
- Renters make up 5.9% of the Cleveland population
- 4.1% of houses and apartments in Cleveland, 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.