Cleveland, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cleveland Neighborhoods Since 2000




Cleveland, MS 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 12,327 people, 4,725 houses or apartments, and a median cost of homes of $148,017, Cleveland real estate is some of the most expensive in Mississippi, although Cleveland home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Cleveland, accounting for 75.91% of the city's housing units. Other types of housing that are prevalent in Cleveland include large apartment complexes or high rise apartments ( 14.35%), duplexes, homes converted to apartments or other small apartment buildings ( 6.58%), and a few mobile homes or trailers ( 2.67%).

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 50.58% owning and 49.42% 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 1940-1969 ( 40.28%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.79%). There's also some housing in Cleveland built before 1939 ( 4.99%).

Cleveland Home Appreciation Rates

In the last 10 years, Cleveland has experienced some of the highest home appreciation rates of any community in the nation. Cleveland real estate appreciated 16.04% over the last ten years, which is an average annual home appreciation rate of 1.50%, putting Cleveland in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cleveland definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Cleveland appreciation rates have trailed the rest of the nation. In the last twelve months, Cleveland's appreciation rate has been 0.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cleveland were at 0.54%, which equates to an annual appreciation rate of 2.17%.

Relative to Mississippi, our data show that Cleveland's latest annual appreciation rate is lower than 90% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$148,017

Cleveland, MS HOME PRICES

Value Range
> $1,068,000 0.0
$801,001 - $1,068,000 0.0
$534,001 - $801,000 2.6
$427,001 - $534,000 0.4
$321,001 - $427,000 1.4
$213,001 - $321,000 6.6
$107,001 - $213,000 39.8
$53,001 - $107,000 30.1
$0 - $53,000 19.0

Very High for MS
Average for Nation

Value Relative to Nation Value Relative to State
50.9023789991797 10.6122448979592

Number Of Homes And Apartments:
4,725

Cleveland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
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
29.47% 1.51% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,200 / per month

Homeownership Rate

Homeownership
Owners 50.58
Renters 49.42
Vacant 9.36

Housing Market Details

 

Age of Homes

AGE OF Cleveland HOMES
2000 or Newer 7.8
1970 - 1999 46.9
1940 - 1969 40.3
1939 or Older 5.0

Types of Homes

TYPE OF Cleveland HOMES
Single-Family 75.9
Townhomes 0.5
Small Apt. Buildings 6.6
Apt. Complexes 14.3
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Cleveland HOMES
No Bedroom 2.40
1 Bedroom 8.56
2 Bedrooms 22.41
3 Bedrooms 48.57
4 Bedrooms 17.17
5 or more bedrooms 0.90

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Zip Codes in Cleveland, MS