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Cleveland

Discover snowy winters, sports fans, and Lake Erie, along with waterfront flats and affordable suburban homes in this Rust Belt city.

Housing Data

10,800

Jobs Created
1.0%

$53,377

Median Household Income
1.7%

2,887

Total Housing Permits
-.5%

107

Total Number of Projects
9.2%

$317,227

SFD New Home List Price
6.6%

0

New Home Sales
6.0%
Monthly

Market Health

Cleveland s population is 2.1M, with a total workforce of 1.1M. The labor market grew by 10,800 jobs over the past year, up by 1.0%. The median household income in Cleveland is $53,377, 1.7% higher than last year and 15.5% below the national average of $63,179.
In the housing market, total permits issued totaled 2,887 over the last twelve months, down 0.5% year-over-year. Cleveland has 107 active new home projects on the market, 9.2% more than the 98 from last year. The average list price in the market is $317,227, 6.6% higher than last year and 6.0% above the national average. Over the last three months, new home contracts increased by 6.0% to 370. North Ridgeville and Amherst had the highest concentration of the new home contracts in the Cleveland market.

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