Cleveland Ohio City Guide

The second-largest city in Ohio has a population of more than 380,000. The population, however, has decreased by -5.63% since 2010 and is shrinking at a rate of -0.8% every year.

49.1% of Clevelanders are male and 50.9% are female. Cleveland has a relatively young population with a median age of 36 and an estimated 24% of residents having ages that range from 35 to 54 years. 15% of the population, meanwhile, is aged 25 to 34 years.

Cleveland spans over 82 miles and has a population density of 4,881 people per square mile.

Cleveland is among the most diverse cities in Ohio. 49.6% of residents are African American, 39.8% are White, and 4.3% are Biracial. The city also has a growing number of Hispanic, German, Irish, Italian, Polish, and English residents.

English is the language that is commonly used by 86.2% of residents, 8.8% speak Spanish, and 1.3% speak other Indo-European languages.

116 public elementary schools, 100 public middle schools, and 46 public high schools make up Cleveland’s broad public education system.

45% or over 117,000 Clevelanders aged 25 and above have experiences in tertiary education. 23% graduated from college, and 79.6% finished high school. 16.6% have a bachelor’s degree, 7% have an associate degree, and 6% have a graduate degree.

Because the majority of housing in Cleveland was constructed in the early 20th century, the majority of real estate in Cleveland is some of the oldest across the nation. That said, 20.48% of the housing stock is vacant, which drags the real estate market down.

The city’s real estate market can be broken down into 42.6% of properties being valued between $61K-$121K. 33.7% of the market is made up of homes worth less than $61K. 16.9% of real estate is worth between $121K-$243K, and 3.4% of properties are priced between $243K-$364K. From there, percentages grow increasingly smaller. Cleveland’s prices are much lower than comparable averages on a statewide and national scale.

Cleveland’s appreciation rates have been under the national average between roughly October 2008 to October 2018. During this stretch of time, the annual appreciation rate in Cleveland was 0.66%, which is under 70% of other cities across the nation.

The median residential value in Cleveland is just over $77K, and there are over 168,400 home and apartment options within the city’s borders. Out of this number, more housing options are rented, seeing as 59.6% of residents rent their properties, while only 40.4% are owner-occupied residences.

The most prevalent type of home in Cleveland is unsurprisingly single-family type residences, seeing as 46.6% of the market is made up of this housing option. At 26%, the second most prevalent residence type is small apartment buildings. Meanwhile, 20.5% of properties are larger apartment complexes. From there, 6.2% of options are condominiums.

As for age, 53.7% of homes were built in 1939 or before, and 30.9% of residences were constructed between 1940 and 1969. 10.6% of homes were built from 1970 to 1999, which leaves 4.7% of housing options being classified as new construction.

More than 140,000 people contribute to stimulating Cleveland’s economy. The unemployment rate here, however, is relatively high at nearly 15%. 34.6% of the population live below the poverty line.

Cleveland has a good mix of white-collar and blue-collar workers. The city continues to attract young professionals who are just starting their careers. The largest industries in the city are retail trade, education, and healthcare and social assistance.

The median household income in the city is 46% lower than the US median at $29,008. A working Clevelander typically earns around $46,251 per year. The per capita income in the area is $20,085.