Cleveland-Elyria Metro Area, OH Housing

The housing market in Cleveland-Elyria, OH Metro Area is performing well and is a great place to invest. The median value for houses in the area is $202,600, which is significantly lower than the US median of $338,100. Additionally, the appreciation rate over the last year was 11.79%, higher than the US average of 8.27%. This indicates that the housing market in Cleveland-Elyria is strong and has been experiencing growth over the past year.

The median home cost in Cleveland-Elyria Metro Area is $202,600. Home appreciation the last 10 years has been 75.9%. Home Appreciation in Cleveland-Elyria Metro Area is up 13.0%.

Average Age of Homes

- The median age of Cleveland-Elyria Metro Area real estate is 57 years old

The Rental Market in Cleveland-Elyria Metro Area

- Renters make up 30.2% of the Cleveland-Elyria Metro Area population
- 1.8% of houses and apartments in Cleveland-Elyria Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Cleveland-Elyria, Ohio	United States
	966,969.0	139,647,020.0
	59	42
	$202,600	$338,100
	13.0%	16.6%
	51.1%	57.0%
	75.9%	101.1%
	$20.54	$10.98
	$3,234	$2,690
	59.1%	57.4%
	9.0%	11.2%
	31.9%	31.4%
Vacant Housing
	1.8%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.4%	0.4%
	0.6%	3.6%
	5.1%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	2.9%	2.4%
	4.4%	2.8%
	6.4%	3.9%
	8.1%	4.5%
	20.1%	11.3%
	17.7%	13.0%
	20.5%	20.1%
	9.2%	13.6%
	4.1%	8.3%
	3.1%	9.7%
	0.8%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	6.8%	13.6%
	6.8%	13.6%
	8.9%	13.6%
	6.9%	13.2%
	12.4%	14.8%
	8.9%	13.6%
	17.7%	10.0%
	7.6%	4.7%
	22.5%	12.2%

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