Cleveland, VA offers a great housing market with the median value of $54,800 which is significantly lower than the national median value of $338,100. The US House Appreciation rate for the past year was 8.27%, however in Cleveland it was even higher at 18.69%. This is an attractive feature for potential buyers who are looking to invest in a home that will increase in value. The appreciation rate suggests that buying a home in Cleveland now would be a wise decision.
The median home cost in Cleveland is $54,800. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Cleveland is up 22.5%.
Average Age of Homes
- The median age of Cleveland real estate is 59 years old
The Rental Market in Cleveland
- Renters make up 34.7% of the Cleveland population
- 3.0% 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.