Toledo and Cleveland are experiencing a housing market revival, driven by job recovery and investment influx. Toledo, once marked by low median home prices, saw an increase of over 30% year-over-year, stabilizing at 9.4%. Cleveland's housing market exhibits similar growth, consistently showing double-digit price gains since 2023, with recent numbers at 8.7%. Despite negative perceptions and past struggles, the affordability of homes in these cities makes them attractive amidst a broader market rebound post-COVID-19 pandemic.
"When there were national articles being written about Toledo and Youngstown, those areas were always pointed out as places that would never, never be back to what they were... But that's changed rapidly as jobs have begun to return and investors have flooded the market."
"Cleveland has a similar story. There are few major metro areas where home prices are rising faster than Cleveland, as it's arguably the hottest market in the country."
"Starting in 2023, Altos data shows year-over-year price gains in Cleveland consistently reaching double digits. In the first weeks of June 2025, growth dropped below 10% but is still up a hefty 8.7%."
"While home prices have risen considerably since the COVID-19 pandemic began, the median price in Toledo is $294,900 and Cleveland's is $250,000... generally affordable compared to other parts of the country."
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