2020 Housing Market Overview

Cleveland Real Estate Market 2020

PLEASE NOTE: The information on this page was gathered before the Coronavirus impact. Things are changing on an hourly basis, and we are working to update our data and keep it current. In the meantime, please do not rely on the information on this page to be current.

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Cleveland Real Estate Market Overview

Metro Population: 2.1 M

Median Household Income:$71,582

Unemployment Rate:4.20%

Median Home Price*:$138,000

Median Monthly Rent*:$1,443

Cleveland Real Estate Market Trends & Statistics 2020
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Interested in investing in the Cleveland real estate market in 2020? On this page you’ll learn about housing market trends and statistics to help you make that decision.

About Cleveland

Cleveland, Ohio is located on the southern shore of Lake Erie, about 60 miles west of the Pennsylvania border. Downtown Cleveland has experienced a renaissance over the past five years, with an estimated $19 billion in development completed or planned since 2010. Occupancy rates are at an astonishing 98% and home sales are up 12% year after year.

A Few More Reasons To Love Cleveland:

  • Fastest growing healthcare economy in U.S. (and home to world renowned Cleveland Clinic)
  • Nation’s first Global Center for Health and Innovation as well as a new medical convention center
  • 10 Fortune 500 company headquarters, including: Goodyear Tire, Cliffs, Natural Resources, FirstEnergy, Sherwin Williams, Eaton Corporation, Travel Centers of America, Aleris, Parker Hannifin, Progressive Insurance, and KeyCorp
  • Has the 2nd largest live theater district in the U.S., second only to New York City
  • Home to three major sports teams that bring billions of dollars to the area every year
  • Properties remain well below mid-2000 prices in most areas
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Major Employers in Cleveland

Cleveland Housing Market News

  • "#1 City to Buy Home for Best Rental Return" - CNBC
  • "#4 City Where Your Paycheck Will Go the Furthest" - Forbes
  • "#10 Best City for First Time Home Buyers" - Business Insider
  • "Cleveland Real Estate Market Trends" - Movoto
  • "Ohio Best State for Start-Up" - Forbes
  • "Relocating to Cleveland Guide " - The Schuman Team
  • "#84 Best Place to Live" - U.S. News

Property Teams

Property Team details can only be viewed in the Investor Portal, which can be accessed by RealWealth members who are logged in at Investor.RealWealth.com

Sample properties

Sample properties can only be viewed in the Investor Portal, which can be accessed by RealWealth members who are logged in at Investor.RealWealth.com.

Disclaimer: The information provided on this page is for educational purposes only. RealWealth makes no warranty or representation as to the accuracy, completeness or reliability of this information. Please be advised that this content may contain errors, is subject to revision at all times, and should not be relied upon for any purpose. Under no circumstances shall RealWealth be liable to you or anyone else for damage stemming from the use or misuse of this information.

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