Cleveland Real Estate Market 2021: Housing Forecast & Predictions

2021 Housing Market Overview

Cleveland Real Estate Market 2021

Cleveland Real Estate Market Overview

Metro Population: 2.1 M

Median Household Income:$58,000

Unemployment Rate:5.8%

Median Home Price*:$161,415

Median Monthly Rent*:$1,103

Should You Buy Rental Property in the Cleveland Real Estate Market in 2021?

Interested in investing in the Cleveland real estate market in 2021? 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 several years, with an estimated $19 billion in development completed or planned since 2010. Occupancy rates are at an astonishing 95% and home sales are up 5% 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

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Sample properties

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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.