What is now known as Tremont was first a part of Brooklyn Township during the early 1800s. From there, the land became a part of Ohio City between 1836-1854. The land traded hands again in the 1850s and became known as University Heights due to the land being briefly part of Cleveland University.
During the early 20th century, Tremont saw a new influx of residents coming from other countries. In the 1920s, Tremont became home to more than 35,000 residents, only to decline during the 1960s thanks to the lack of manufacturing jobs in the steel industry.
When the 21st century rolled around, less than 9,000 people lived in Tremont. Since 2000, Tremont has seen a revival thanks to its location near Downtown Cleveland and Tremont’s relatively affordable housing.
Tremont attracts young professionals, immigrants, and older adults. Now known as a hotspot for art galleries, restaurants, and retail options, Tremont is a new hotspot in the Cleveland area.
Out of about 8,500 residents, 52% are male and 48% are female.
As for educational background, 21% of residents have some college education or an associate’s degree, while 24% of residents have a bachelor’s degree. Another 19% have either a master’s degree or above.
In terms of ethnic diversity, Tremont’s population is widely diverse. 57% of residents are White, while 22% are African American. 16% of the population is Hispanic, and 3% of the population is multiracial while 2% are of Asian descent.
20% of residents are under 18, and 54% of the population ranges between 18-44 years of age. Meanwhile, 26% of residents are 45 years and over.
TOP Tremont HIGHLIGHTS
Tremont is among the neighborhoods in Cleveland that are least likely to be struck by natural disasters, but the neighborhood has had its share of heavy rains, floods, strong winds, and tornadoes.
Large portions of the area are also at moderate risks of heat-related vulnerability. The neighborhood has also been experiencing the effects of climate change with extremely hot days and increasing levels of precipitation.
Localized flooding events in the area had also caused significant damage to property, roads, and public utilities.
Earthquake risks in the neighborhood, however, are very low while the risks of damage from tornadoes is moderate.
Tremont is among the neighborhoods in Cleveland that are developing technologies that create aerial and satellite maps of disaster areas, and live simulation of natural disasters to help mitigate the impacts of such events.
Because Tremont is a neighborhood of Cleveland, Tremont residents enjoy fast commutes and quick travel times throughout the greater Cleveland area and other districts within Cleveland, Ohio itself.
Major roadways are easily accessed throughout Tremont’s corners, seeing as Interstate 90 and Interstate 71 intersect towards the neighborhood’s center. Additionally, Interstate 490 runs throughout the neighborhood, and Interstate 77 can be found a short ways east of Tremont. Other popular roadways can be quickly accessed by way of local Interstates and Tremont’s well-connected roads.
Specifically, it takes less than 10 minutes to reach Lake Erie’s shore, and it takes about 15 minutes by car to reach Cleveland Hopkins International Airport.
Tremont is among Cleveland’s safest neighborhoods, with a crime rate that is about 24% lower than the city figures. This rate, however, is still higher than both the Ohio and the national averages.
The crime rate in the neighborhood is about 4,480 per 100,000 residents. This is about 74% higher than or nearly twice the national average. Tremont is safer than about 80.6% of communities in Cleveland, and about 69% of communities in Ohio.
Violent crime rate in the area is 1,108 per 100,000 residents. This rate is about 191% higher than the national average.
Property crime rate, meanwhile, is 3,372 per 100,000 residents. This rate is about 53% higher than the national average. One’s chances of becoming a victim of crime in Tremont is 1 in 23.
SCHOOLS IN Tremont
The Cleveland Metropolitan School District services Tremont’s younger residents. This school district is headed by Cleveland’s mayor, who elects members of the school board to act in the best interests of students across the district’s campuses.
The Cleveland Metropolitan School District is known for being the second largest school district in the state. Formerly the Cleveland Municipal School District, this school system educates about 40,000 students in pre-kindergarten through 12th grades while maintaining a low student-teacher ratio average of 14 to 1.
This school district encompasses almost 70 elementary campuses and about 40 high schools throughout Cleveland, Ohio and its surrounding neighborhoods. All in all, student populations are among the most economically and ethnically diverse in the state, and Cleveland Metropolitan School District’s athletic programming is also noteworthy.
Clark School, Whitney M. Young School, Bard Early College Cleveland, Cleveland Early College High School, and Cleveland School of Science and Medicine are some of the top-performing campuses in this district.
Tremont Housing 2020
Tremont’s median property value typically is calculated to be in the $170K range, which is under the national average by about $10K. Relative to Ohio, Tremont’s real estate is not among the most expensive in the state. Similarly, the market doesn’t rank as highly expensive on a national level.
15% of Tremont’s real estate market is comprised of properties worth less than $50K. Meanwhile, 26% of real estate in the neighborhood is priced between $50K-$99K, and 18% of the market is made up of properties varying from $100L-$199K. The majority of real estate at 35% is valued between $200K-$399K, and the last 9% of properties are worth between $400K-$750K.
Comparing price points throughout Cleveland, Tremont’s real estate market is mostly on the lower end of the spectrum in terms of price points. Appreciation rates in the area between November 2010 and November 2019 generally stayed in the positive range and averaged around the 0.45% mark annually.
Tremont Homes for Sale
An estimated 72% of Tremont residences are rented, while about 28% of properties are owner-occupied.
The median rent in Tremont is $770 per month, which is about $200 under the national average. This median number is due to 18% of rented properties costing less than $500 per month, while 56% of rentals go for $500-$999 per month. Additionally, 19% of rental properties vary between $1,000-$1,499 per month, and 5% of rented housing options are in the $1,500-$1,999 range. Lastly, 1% of properties cost more than $2,000 per month in rent.
As for age, a majority of homes in the Cleveland area were established before 1940. Because Tremont experienced a population increase around the end of World War II, another large number of housing options were constructed around the 1940-1980 time range. Not many properties were built following the turn of the 21st century, seeing as about 5% of residences are newer properties.
FEATURED HOMES FOR SALE
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