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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

14,200

Jobs Created
1.3%

$53,975

Median Household Income
2.8%

2,884

Total Housing Permits
-6.9%

91

Total Number of Projects
-1.1%

$306,902

SFD New Home List Price
11.3%

419

New Home Sales
14.2%
Monthly

Market Health

Cleveland s population is 2.1M, with a total workforce of 1.1M. The labor market grew by 14,200 jobs over the past year, up by 1.3%. The median household income in Cleveland is $53,975, 2.8% higher than last year and 12.1% below the national average of $61,372. In the housing market, total permits issued totaled 2,884 over the last twelve months, down 6.9% year-over-year. Cleveland has 91 active new home projects on the market, 1.1% fewer than the 92 from last year. The average list price in the market is $306,902, 11.3% higher than last year and 1.4% above the national average. Over the last three months, new home contracts increased by 14.2% to 419. North Ridgeville 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


Michael Timmerman

Senior Vice President

Michael Timmerman

Senior Vice President


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