Median price for residential apartments in as of May, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
3,641 Cleveland, OH, USA apartments for sale
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Cleveland
According to statistics, the population in Cleveland, OH amounts to 383,781, which shows decline 0% compared to the previous year. The median age of the city’s residents is 36. The average household income is $29,953, shifting growth 3% from the past year, and the average property value in Cleveland, OH growth 1% to $71,100 throughout the year.
| Population | 383,781 |
| Median Age | 36.3 |
| Poverty Rate | 35% |
| Household Income | $29,953 |
| Number Of Employees | 161,102 |
| Median Property Value | $71,100 |
Household Income
The average household income in Cleveland, OH grew from $28,974 to $29,953 in the past year. This data is an estimate based upon 173,025 households in Cleveland, OH . The chart below presents how household income is distributed in Cleveland, OH in comparison to the revenue allocation amid households nationally.
- USA
- Cleveland, OH
Property Value
According to data from last year, the average property value in Cleveland, OH shifted from $70,200 to $71,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Cleveland, OH in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Cleveland, OH properties falls in the '$50,000 to $59,999' range, which is lower than the most significant median property across the country.
- USA
- Cleveland, OH
Rent vs. Own
- Rent40%
- Own60%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Cleveland, OH compared to median property taxes around the country. The prevalent amount of property taxes in Cleveland, OH equals $1150, which is less than the national average.
- USA
- Cleveland, OH
Housing Trends
Cleveland, OH, USA Housing Trends
Average sale in Cleveland: $121,415 (-14.6%)
| Apartment Size | May | vs Last Month |
|---|---|---|
| 1 bed apartments | $81,600 | N/A |
| 2 bed apartments | $130,675 | -2.8% |
| 3 bed apartments | $123,143 | -13% |
| 4+ bed apartments | $114,617 | -25.2% |
During May 2021, the average price for an apartment in/near Cleveland, OH decreased by 14.6% to $121,415.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $81,600 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $130,675. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $123,143. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $114,617 for a big-family home.
| Listing Type | May | vs Last Month |
|---|---|---|
| Townhouses for sale | $279,000 | -48.3% |
| Lofts for sale | $213,300 | -57.3% |
| Apartments for sale | $145,857 | +264.6% |
| Duplexes for sale | $87,821 | -18.6% |
| Houses for sale | $121,420 | +13.4% |
| Condos for sale | $140,000 | N/A |
While assessing the property pricing Cleveland, OH, you can note that it remains flat with a price tag of $145,857. According to statistics, average house is still $121,420 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $140,000. An average value of duplex is $87,821, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $213,300. Value of the townhouses didn’t change, the price still starts at $279,000.
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