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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

6,300

Jobs Created
.6%

$53,851

Median Household Income
2.6%

2,852

Total Housing Permits
-3.6%

93

Total Number of Projects
2.2%

$288,536

SFD New Home List Price
-2.7%

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 6,300 jobs over the past year, up by 0.6%. The median household income in Cleveland is $53,851, 2.6% higher than last year and 14.8% below the national average of $63,179.
In the housing market, total permits issued totaled 2,852 over the last twelve months, down 3.6% year-over-year. Cleveland has 93 active new home projects on the market, 2.2% more than the 91 from last year. The average list price in the market is $288,536, 2.7% lower than last year and 12.1% below the national average. Over the last three months, new home contracts increased by 6.0% to 369. North Ridgeville and Elyria had the highest concentration of the new home contracts in the Cleveland market.

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