The housing market in Cleveland, OH is an attractive option for buyers. According to the data provided, the median value of houses in Cleveland is 97,300 which is significantly lower than the US median value of 338,100. Over the last year both the US and Cleveland have seen similar appreciation rates of 8.27% and 8.35%, respectively. This shows that despite having a lower median value, the housing market in Cleveland still offers a great return on investment for potential homebuyers.
The median home cost in Cleveland is $97,300. Home appreciation the last 10 years has been 79.6%. Home Appreciation in Cleveland is up 12.6%.
Average Age of Homes
- The median age of Cleveland real estate is 78 years old
The Rental Market in Cleveland
- Renters make up 44.4% of the Cleveland population
- 3.1% 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.