Cleveland, OH

Population: 393,806
Average annual home appreciation rate: -3.79
Total of homes for sale in this market:
Median home price: 66434
Median Rent: 456
Home price range: 51.73% of the homes are between $46,001 – $92,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 47.40% of homes are Single Family Detached
Number of vacant homes: 21.72
Number of renters: 52.87
Number of owner occupied: 47.13
Number people living below poverty level: 32.65
Unemployment rate: 8.70
Is this area perfect for real estate deals going on right now? Cleveland might not be one of the nation’s ‘hot spots’ so to speak, but in it’s current situation with high percentage of renters, higher than national average poverty level, unemployment rate, and the large amount of vacant properties, there will always be strategies for buy and hold properties that will be lucrative for the savvy, and patient real estate investor.

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