diff --git a/elements/index.d.ts b/elements/index.d.ts
index 72a077a7d5..4ad2f2880f 100644
--- a/elements/index.d.ts
+++ b/elements/index.d.ts
@@ -534,13 +534,17 @@ export interface HTMLAttributes<T extends EventTarget> extends AriaAttributes, D
 	is?: string | undefined | null;
 
 	/**
-	 * Elements with the contenteditable attribute support innerHTML and textContent bindings.
+	 * Elements with the contenteditable attribute support `innerHTML`, `textContent` and `innerText` bindings.
 	 */
 	'bind:innerHTML'?: string | undefined | null;
 	/**
-	 * Elements with the contenteditable attribute support innerHTML and textContent bindings.
+	 * Elements with the contenteditable attribute support `innerHTML`, `textContent` and `innerText` bindings.
 	 */
 	'bind:textContent'?: string | undefined | null;
+	/**
+	 * Elements with the contenteditable attribute support `innerHTML`, `textContent` and `innerText` bindings.
+	 */
+	'bind:innerText'?: string | undefined | null;
 
 	// SvelteKit
 	'data-sveltekit-keepfocus'?: true | '' | 'off' | undefined | null;
diff --git a/site/content/docs/03-template-syntax.md b/site/content/docs/03-template-syntax.md
index 95d76db5b7..170c303b85 100644
--- a/site/content/docs/03-template-syntax.md
+++ b/site/content/docs/03-template-syntax.md
@@ -691,7 +691,12 @@ When the value of an `<option>` matches its text content, the attribute can be o
 
 ---
 
-Elements with the `contenteditable` attribute support `innerHTML` and `textContent` bindings.
+Elements with the `contenteditable` attribute support the following bindings:
+- [`innerHTML`](https://developer.mozilla.org/en-US/docs/Web/API/Element/innerHTML)
+- [`innerText`](https://developer.mozilla.org/en-US/docs/Web/API/HTMLElement/innerText)
+- [`textContent`](https://developer.mozilla.org/en-US/docs/Web/API/Node/textContent)
+
+There are slight differences between each of these, read more about them [here](https://developer.mozilla.org/en-US/docs/Web/API/Node/textContent#Differences_from_innerText).
 
 ```sv
 <div contenteditable="true" bind:innerHTML={html}></div>
diff --git a/site/content/tutorial/06-bindings/08-contenteditable-bindings/text.md b/site/content/tutorial/06-bindings/08-contenteditable-bindings/text.md
index a73b07c0ba..4d4b52f3b8 100644
--- a/site/content/tutorial/06-bindings/08-contenteditable-bindings/text.md
+++ b/site/content/tutorial/06-bindings/08-contenteditable-bindings/text.md
@@ -2,11 +2,16 @@
 title: Contenteditable bindings
 ---
 
-Elements with a `contenteditable="true"` attribute support `textContent` and `innerHTML` bindings:
+Elements with the `contenteditable` attribute support the following bindings:
+- [`innerHTML`](https://developer.mozilla.org/en-US/docs/Web/API/Element/innerHTML)
+- [`innerText`](https://developer.mozilla.org/en-US/docs/Web/API/HTMLElement/innerText)
+- [`textContent`](https://developer.mozilla.org/en-US/docs/Web/API/Node/textContent)
+
+There are slight differences between each of these, read more about them [here](https://developer.mozilla.org/en-US/docs/Web/API/Node/textContent#Differences_from_innerText).
 
 ```html
 <div
 	contenteditable="true"
 	bind:innerHTML={html}
 ></div>
-```
\ No newline at end of file
+```
diff --git a/src/compiler/compile/compiler_errors.ts b/src/compiler/compile/compiler_errors.ts
index b0ffead6e0..bad3911673 100644
--- a/src/compiler/compile/compiler_errors.ts
+++ b/src/compiler/compile/compiler_errors.ts
@@ -66,7 +66,7 @@ export default {
 	},
 	missing_contenteditable_attribute: {
 		code: 'missing-contenteditable-attribute',
-		message: '\'contenteditable\' attribute is required for textContent and innerHTML two-way bindings'
+		message: '\'contenteditable\' attribute is required for textContent, innerHTML and innerText two-way bindings'
 	},
 	dynamic_contenteditable_attribute: {
 		code: 'dynamic-contenteditable-attribute',
diff --git a/src/compiler/compile/nodes/Element.ts b/src/compiler/compile/nodes/Element.ts
index a5dc74b256..2fd91ac495 100644
--- a/src/compiler/compile/nodes/Element.ts
+++ b/src/compiler/compile/nodes/Element.ts
@@ -11,6 +11,7 @@ import StyleDirective from './StyleDirective';
 import Text from './Text';
 import { namespaces } from '../../utils/namespaces';
 import map_children from './shared/map_children';
+import { is_name_contenteditable, get_contenteditable_attr } from '../utils/contenteditable';
 import { regex_dimensions, regex_starts_with_newline, regex_non_whitespace_character } from '../../utils/patterns';
 import fuzzymatch from '../../utils/fuzzymatch';
 import list from '../../utils/list';
@@ -1011,14 +1012,8 @@ export default class Element extends Node {
 				if (this.name !== 'img') {
 					return component.error(binding, compiler_errors.invalid_binding_element_with('<img>', name));
 				}
-			} else if (
-				name === 'textContent' ||
-				name === 'innerHTML'
-			) {
-				const contenteditable = this.attributes.find(
-					(attribute: Attribute) => attribute.name === 'contenteditable'
-				);
-
+			} else if (is_name_contenteditable(name)) {
+				const contenteditable = get_contenteditable_attr(this);
 				if (!contenteditable) {
 					return component.error(binding, compiler_errors.missing_contenteditable_attribute);
 				} else if (contenteditable && !contenteditable.is_static) {
diff --git a/src/compiler/compile/render_dom/wrappers/Element/Binding.ts b/src/compiler/compile/render_dom/wrappers/Element/Binding.ts
index e656d77672..642e4694b1 100644
--- a/src/compiler/compile/render_dom/wrappers/Element/Binding.ts
+++ b/src/compiler/compile/render_dom/wrappers/Element/Binding.ts
@@ -165,6 +165,11 @@ export default class BindingWrapper {
 				update_conditions.push(x`${this.snippet} !== ${parent.var}.textContent`);
 				mount_conditions.push(x`${this.snippet} !== void 0`);
 				break;
+			
+			case 'innerText':
+				update_conditions.push(x`${this.snippet} !== ${parent.var}.innerText`);
+				mount_conditions.push(x`${this.snippet} !== void 0`);
+				break;
 
 			case 'innerHTML':
 				update_conditions.push(x`${this.snippet} !== ${parent.var}.innerHTML`);
diff --git a/src/compiler/compile/render_dom/wrappers/Element/index.ts b/src/compiler/compile/render_dom/wrappers/Element/index.ts
index 06a7b93d0e..1f80cee89c 100644
--- a/src/compiler/compile/render_dom/wrappers/Element/index.ts
+++ b/src/compiler/compile/render_dom/wrappers/Element/index.ts
@@ -26,6 +26,7 @@ import Action from '../../../nodes/Action';
 import MustacheTagWrapper from '../MustacheTag';
 import RawMustacheTagWrapper from '../RawMustacheTag';
 import is_dynamic from '../shared/is_dynamic';
+import { is_name_contenteditable, has_contenteditable_attr } from '../../../utils/contenteditable';
 import create_debugging_comment from '../shared/create_debugging_comment';
 import { push_array } from '../../../../utils/push_array';
 
@@ -48,8 +49,8 @@ const events = [
 	{
 		event_names: ['input'],
 		filter: (node: Element, name: string) =>
-			(name === 'textContent' || name === 'innerHTML') &&
-			node.attributes.some(attribute => attribute.name === 'contenteditable')
+			is_name_contenteditable(name) &&
+			has_contenteditable_attr(node)
 	},
 	{
 		event_names: ['change'],
@@ -766,14 +767,11 @@ export default class ElementWrapper extends Wrapper {
 
 		const should_initialise = (
 			this.node.name === 'select' ||
-			binding_group.bindings.find(binding => {
-				return (
-					binding.node.name === 'indeterminate' ||
-					binding.node.name === 'textContent' ||
-					binding.node.name === 'innerHTML' ||
-					binding.is_readonly_media_attribute()
-				);
-			})
+			binding_group.bindings.find(binding => (
+				binding.node.name === 'indeterminate' ||
+				is_name_contenteditable(binding.node.name) ||
+				binding.is_readonly_media_attribute()
+			))
 		);
 
 		if (should_initialise) {
diff --git a/src/compiler/compile/render_ssr/handlers/Element.ts b/src/compiler/compile/render_ssr/handlers/Element.ts
index f1dd86dd2b..d9254a7b86 100644
--- a/src/compiler/compile/render_ssr/handlers/Element.ts
+++ b/src/compiler/compile/render_ssr/handlers/Element.ts
@@ -1,7 +1,9 @@
 import { is_void } from '../../../../shared/utils/names';
 import { get_attribute_expression, get_attribute_value, get_class_attribute_value } from './shared/get_attribute_value';
 import { boolean_attributes } from '../../../../shared/boolean_attributes';
+import { is_name_contenteditable, is_contenteditable } from '../../utils/contenteditable';
 import Renderer, { RenderOptions } from '../Renderer';
+import Binding from '../../nodes/Binding';
 import Element from '../../nodes/Element';
 import { p, x } from 'code-red';
 import Expression from '../../nodes/shared/Expression';
@@ -18,11 +20,7 @@ export default function (node: Element, renderer: Renderer, options: RenderOptio
 	// awkward special case
 	let node_contents;
 
-	const contenteditable = (
-		node.name !== 'textarea' &&
-		node.name !== 'input' &&
-		node.attributes.some((attribute) => attribute.name === 'contenteditable')
-	);
+	const contenteditable = is_contenteditable(node);
 
 	if (node.is_dynamic_element) {
 		renderer.push();
@@ -128,7 +126,7 @@ export default function (node: Element, renderer: Renderer, options: RenderOptio
 		}
 	}
 
-	node.bindings.forEach(binding => {
+	node.bindings.forEach((binding: Binding) => {
 		const { name, expression } = binding;
 
 		if (binding.is_readonly) {
@@ -144,7 +142,7 @@ export default function (node: Element, renderer: Renderer, options: RenderOptio
 				const condition = type === 'checkbox' ? x`~${bound}.indexOf(${value})` : x`${value} === ${bound}`;
 				renderer.add_expression(x`${condition} ? @add_attribute("checked", true, 1) : ""`);
 			}
-		} else if (contenteditable && (name === 'textContent' || name === 'innerHTML')) {
+		} else if (contenteditable && is_name_contenteditable(name)) {
 			node_contents = expression.node;
 
 			// TODO where was this used?
diff --git a/src/compiler/compile/utils/__test__.ts b/src/compiler/compile/utils/__test__.ts
index 3ade3dca2b..cb90c0a894 100644
--- a/src/compiler/compile/utils/__test__.ts
+++ b/src/compiler/compile/utils/__test__.ts
@@ -1,5 +1,14 @@
 import * as assert from 'assert';
 import get_name_from_filename from './get_name_from_filename';
+import {
+	is_contenteditable,
+	has_contenteditable_attr,
+	is_name_contenteditable,
+	get_contenteditable_attr,
+	CONTENTEDITABLE_BINDINGS
+} from './contenteditable';
+import Element from '../nodes/Element';
+import Attribute from '../nodes/Attribute';
 
 describe('get_name_from_filename', () => {
 	it('uses the basename', () => {
@@ -20,3 +29,61 @@ describe('get_name_from_filename', () => {
 		assert.equal(get_name_from_filename('~.svelte'), '_');
 	});
 });
+
+describe('contenteditable', () => {
+	describe('is_contenteditable', () => {
+		it('returns false if node is input', () => {
+			const node = { name: 'input' } as Element;
+			assert.equal(is_contenteditable(node), false);
+		});
+		it('returns false if node is textarea', () => {
+			const node = { name: 'textarea' } as Element;
+			assert.equal(is_contenteditable(node), false);
+		});
+		it('returns false if node is not input or textarea AND it is not contenteditable', () => {
+			const attr = { name: 'href' } as Attribute;
+			const node = { name: 'a', attributes: [attr] } as Element;
+			assert.equal(is_contenteditable(node), false);
+		});
+		it('returns true if node is not input or textarea AND it is contenteditable', () => {
+			const attr = { name: 'contenteditable' } as Attribute;
+			const node = { name: 'a', attributes: [attr] } as Element;
+			assert.equal(is_contenteditable(node), true);
+		});
+	});
+
+	describe('has_contenteditable_attr', () => {
+		it('returns true if attribute is contenteditable', () => {
+			const attr = { name: 'contenteditable' } as Attribute;
+			const node = { attributes: [attr] } as Element;
+			assert.equal(has_contenteditable_attr(node), true);
+		});
+		it('returns false if attribute is not contenteditable', () => {
+			const attr = { name: 'href' } as Attribute;
+			const node = { attributes: [attr] } as Element;
+			assert.equal(has_contenteditable_attr(node), false);
+		});
+	});
+
+	describe('is_name_contenteditable', () => {
+		it('returns true if name is a contenteditable type', () => {
+			assert.equal(is_name_contenteditable(CONTENTEDITABLE_BINDINGS[0]), true);
+		});
+		it('returns false if name is not contenteditable type', () => {
+			assert.equal(is_name_contenteditable('value'), false);
+		});
+	});
+
+	describe('get_contenteditable_attr', () => {
+		it('returns the contenteditable Attribute if it exists', () => {
+			const attr = { name: 'contenteditable' } as Attribute;
+			const node = { name: 'div', attributes: [attr] } as Element;
+			assert.equal(get_contenteditable_attr(node), attr);
+		});
+		it('returns undefined if contenteditable attribute cannot be found', () => {
+			const node = { name: 'div', attributes: [] } as Element;
+			assert.equal(get_contenteditable_attr(node), undefined);
+		});
+	});
+
+});
diff --git a/src/compiler/compile/utils/contenteditable.ts b/src/compiler/compile/utils/contenteditable.ts
new file mode 100644
index 0000000000..44d695d6b0
--- /dev/null
+++ b/src/compiler/compile/utils/contenteditable.ts
@@ -0,0 +1,57 @@
+// Utilities for managing contenteditable nodes
+import Attribute from '../nodes/Attribute';
+import Element from '../nodes/Element';
+
+export const CONTENTEDITABLE_BINDINGS = [
+  'textContent',
+  'innerHTML',
+  'innerText'
+];
+
+/**
+ * Returns true if node is an 'input' or 'textarea'.
+ * @param {Element} node The element to be checked
+ */
+function is_input_or_textarea(node: Element): boolean {
+  return node.name === 'textarea' || node.name === 'input';
+}
+
+/**
+ * Check if a given attribute is 'contenteditable'.
+ * @param {Attribute} attribute A node.attribute
+ */
+function is_attr_contenteditable(attribute: Attribute): boolean {
+  return attribute.name === 'contenteditable';
+}
+
+/**
+ * Check if any of a node's attributes are 'contentenditable'.
+ * @param {Element} node The element to be checked
+ */
+export function has_contenteditable_attr(node: Element): boolean {
+  return node.attributes.some(is_attr_contenteditable);
+}
+
+/**
+ * Returns true if node is not textarea or input, but has 'contenteditable' attribute.
+ * @param {Element} node The element to be tested
+ */
+export function is_contenteditable(node: Element): boolean {
+  return !is_input_or_textarea(node) && has_contenteditable_attr(node);
+}
+
+/**
+ * Returns true if a given binding/node is contenteditable.
+ * @param {string} name A binding or node name to be checked
+ */
+export function is_name_contenteditable(name: string): boolean {
+  return CONTENTEDITABLE_BINDINGS.includes(name);
+}
+
+/**
+ * Returns the contenteditable attribute from the node (if it exists).
+ * @param {Element} node The element to get the attribute from
+ */
+export function get_contenteditable_attr(node: Element): Attribute | undefined {
+  return node.attributes.find(is_attr_contenteditable);
+}
diff --git a/test/runtime/samples/binding-contenteditable-innertext/_config.js b/test/runtime/samples/binding-contenteditable-innertext/_config.js
new file mode 100644
index 0000000000..36e762ac24
--- /dev/null
+++ b/test/runtime/samples/binding-contenteditable-innertext/_config.js
@@ -0,0 +1,25 @@
+export default {
+	props: {
+		name: 'world'
+	},
+
+	ssrHtml: `
+		<editor contenteditable="true">world</editor>
+		<p>hello world</p>
+	`,
+
+	async test({ assert, component, target, window }) {
+		// JSDom doesn't support innerText yet, so the test is not ideal
+		// https://github.com/jsdom/jsdom/issues/1245
+		const el = target.querySelector('editor');
+		assert.equal(el.innerText, 'world');
+
+		const event = new window.Event('input');
+		el.innerText = 'everybody';
+		await el.dispatchEvent(event);
+		assert.equal(component.name, 'everybody');
+
+		component.name = 'goodbye';
+		assert.equal(el.innerText, 'goodbye');
+	}
+};
diff --git a/test/runtime/samples/binding-contenteditable-innertext/main.svelte b/test/runtime/samples/binding-contenteditable-innertext/main.svelte
new file mode 100644
index 0000000000..d65350d1a8
--- /dev/null
+++ b/test/runtime/samples/binding-contenteditable-innertext/main.svelte
@@ -0,0 +1,6 @@
+<script>
+	export let name;
+</script>
+
+<editor contenteditable="true" bind:innerText={name} />
+<p>hello {name}</p>
diff --git a/test/validator/samples/a11y-contenteditable-element-without-child/errors.json b/test/validator/samples/a11y-contenteditable-element-without-child/errors.json
index b4bd522c40..2d803d755a 100644
--- a/test/validator/samples/a11y-contenteditable-element-without-child/errors.json
+++ b/test/validator/samples/a11y-contenteditable-element-without-child/errors.json
@@ -1,7 +1,7 @@
 [
 	{
 		"code": "missing-contenteditable-attribute",
-		"message": "'contenteditable' attribute is required for textContent and innerHTML two-way bindings",
+		"message": "'contenteditable' attribute is required for textContent, innerHTML and innerText two-way bindings",
 		"start": {
 			"line": 6,
 			"column": 3
diff --git a/test/validator/samples/contenteditable-missing/errors.json b/test/validator/samples/contenteditable-missing/errors.json
index 23df8e6d83..b2e07f5b6a 100644
--- a/test/validator/samples/contenteditable-missing/errors.json
+++ b/test/validator/samples/contenteditable-missing/errors.json
@@ -1,6 +1,6 @@
 [{
 	"code": "missing-contenteditable-attribute",
-	"message": "'contenteditable' attribute is required for textContent and innerHTML two-way bindings",
+	"message": "'contenteditable' attribute is required for textContent, innerHTML and innerText two-way bindings",
 	"start": {
 		"line": 4,
 		"column": 8