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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

7,100

Jobs Created
.7%

$53,767

Median Household Income
2.4%

2,888

Total Housing Permits
-4.9%

90

Total Number of Projects
.0%

$333,101

SFD New Home List Price
22.1%

0

New Home Sales
-27.7%
Monthly

Market Health

Cleveland s population is 2.1M, with a total workforce of 1.1M. The labor market grew by 7,100 jobs over the past year, up by 0.7%. The median household income in Cleveland is $53,767, 2.4% higher than last year and 12.4% below the national average of $61,372.
In the housing market, total permits issued totaled 2,888 over the last twelve months, down 4.9% year-over-year. Cleveland has 90 active new home projects on the market, unchanged from the 90 from last year. The average list price in the market is $333,101, 22.1% higher than last year and 7.3% above the national average. Over the last three months, new home contracts decreased by 27.7% to 305. Avon and Painesville had the highest concentration of the new home contracts in the Cleveland market.

Our Experts

Work with leaders in the industry.

Steve LaTerra

Managing Director

Steve LaTerra

Managing Director


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