Cleveland, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cleveland Neighborhoods Since 2000




Cleveland, GA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cleveland Housing Market Information

With a population of 3,773, 1,349 total housing units (homes and apartments), and a median house value of $153,854, Cleveland real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Cleveland, accounting for 46.11% of the city's housing units. Other types of housing that are prevalent in Cleveland include large apartment complexes or high rise apartments ( 34.90%), duplexes, homes converted to apartments or other small apartment buildings ( 9.91%), and a few mobile homes or trailers ( 5.16%).

The most prevalent building size and type in Cleveland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.05% owning and 53.95% renting.

There is a lot of housing in Cleveland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cleveland built between 2000 and later ( 29.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.83%).

Vacant housing appears to be an issue in Cleveland. Fully 19.94% of the housing stock is classified as vacant. Left unchecked, vacant Cleveland homes and apartments can be a drag on the real estate market, holding Cleveland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Cleveland Home Appreciation Rates

Cleveland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cleveland during the period has been just -1.71%, which is lower than 80% of US communities.

Appreciation rates are so strong in Cleveland that despite a nationwide downturn in the housing market, Cleveland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cleveland appreciation rates continue to be some of the highest in America, at 6.05%, which is higher than appreciation rates in 74.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cleveland. Cleveland appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Georgia, our data show that Cleveland's latest annual appreciation rate is higher than 60% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$153,854

Cleveland, GA HOME PRICES

Value Range
> $1,157,000 0.0
$868,001 - $1,157,000 0.0
$578,001 - $868,000 1.2
$463,001 - $578,000 0.0
$347,001 - $463,000 1.6
$231,001 - $347,000 22.6
$116,001 - $231,000 41.8
$58,001 - $116,000 19.7
$0 - $58,000 13.1

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
48.3827493261456 29.8097251585624

Number Of Homes And Apartments:
1,349

Cleveland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
9.12% 0.51% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$823 / per month

Homeownership Rate

Homeownership
Owners 46.05
Renters 53.95
Vacant 19.94

Housing Market Details

 

Age of Homes

AGE OF Cleveland HOMES
2000 or Newer 29.6
1970 - 1999 62.2
1940 - 1969 7.8
1939 or Older 0.4

Types of Homes

TYPE OF Cleveland HOMES
Single-Family 46.1
Townhomes 3.9
Small Apt. Buildings 9.9
Apt. Complexes 34.9
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Cleveland HOMES
No Bedroom 1.13
1 Bedroom 5.40
2 Bedrooms 40.59
3 Bedrooms 38.99
4 Bedrooms 10.39
5 or more bedrooms 3.50