Cleveland, MS has a median value of housing with $145,100, which is significantly lower than the national average of $338,100. However, it has seen a higher appreciation rate than the national average over the past year at 12.50%, compared to 8.27% for the US as a whole. This indicates that Cleveland is becoming more attractive to potential buyers and investors alike who want to benefit from its still relatively low prices in comparison to other parts of the country. Despite this increase in interest and appreciation rate, however, housing in Cleveland remains more affordable than elsewhere.
The median home cost in Cleveland is $145,100. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Cleveland is up 14.5%.
Average Age of Homes
- The median age of Cleveland real estate is 45 years old
The Rental Market in Cleveland
- Renters make up 39.3% 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.