East Cleveland, OH is a city that has seen considerable growth in its housing market over the past year. The median value of a home in East Cleveland is $59,700, which is significantly lower than the US House median value of $338,100. Despite this stark difference in prices, East Cleveland's house 1 year appreciation rate is 8.35%, only slightly higher than the national rate of 8.27%. This indicates that East Cleveland has been able to keep pace with the rest of the country despite its lower housing prices and suggests a strong market for buyers looking for an affordable alternative to more expensive cities.
The median home cost in East Cleveland is $59,700. Home appreciation the last 10 years has been 79.6%. Home Appreciation in East Cleveland is up 12.6%.
Average Age of Homes
- The median age of East Cleveland real estate is 78 years old
The Rental Market in East Cleveland
- Renters make up 40.7% of the East Cleveland population
- 4.6% of houses and apartments in East 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.