Cleveland Investments June 13, 2020

Why to Invest in Cleveland’s Real Estate Market!

2020 HOUSING MARKET OVERVIEW

Cleveland Real Estate Market 2020 Overview

Metro Population: 2.1 M

Median Household Income: $71,582
Median Home Price*: $138,000
Median Monthly Rent*: $1,443

Cleveland Real Estate Market Trends & Statistics 2020

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