Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$210,5230.0% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$45,637About 0.7× the local median income ($61,392): affordable for a typical household
Days on market72 daysSlower than a year ago: buyers have time to negotiate
The typical home in Cleveland County, NC is worth $210,523, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $208,232, so the area is 1.1% overvalued. It is a buyer's market: homes take about 72 days to sell, listings are up 23% from a year ago, 22% of listings have had a price cut. A household needs about $45,637 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,392. Typical rent is $1,165 a month. In the latest IRS figures, 905 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$210,523
Change in 1 year
0.0%
Overvalued %
+1.1%
Show 6 more
Fair home value
$208,232
Change in 5 years
+11.1%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,141
Income needed to afford it
$45,637
Property tax rate
0.64%
Rent and investing
Typical rent
$1,165
Price-to-rent ratio
15.1×
HUD Fair Market Rent, 2 bedrooms
$1,014
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Gross rental yield
6.64%
Cap rate (estimate)
4.31%
Market activity
Listings vs a year ago
+22.7%
Days on market
72
Listings with a price cut
22.4%
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Homes for sale
422
Pending sales per 100 listings
32
Asking price per sq ft
$173
People and jobs
Median household income
$61,392
Population change (1 year)
+0.8%
Unemployment rate
5.2%
Show 4 more
Population
103,325
Income adjusted for cost of living
$69,448
Net moves in (IRS)
+905
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
7.5
FEMA hazard risk score (0 to 100)
70.0
Flood risk score
75.2
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Wildfire risk score
40.7
Walkability (1 to 20)
5.7
Road, rail and air noise
55 dB
Questions people ask
Is Cleveland County, NC overvalued?
Home prices in Cleveland County, NC are slightly above what local incomes have historically supported: fair value is about $208,232, so the area is 1.1% overvalued.
Is Cleveland County, NC a buyer's or seller's market?
Cleveland County, NC is a buyer's market: homes take about 72 days to sell, listings are up 23% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Cleveland County, NC?
Home values in Cleveland County, NC are up 0.0% over the last year.
How much do you need to earn to buy a home in Cleveland County, NC?
A household needs about $45,637 a year to afford the typical home in Cleveland County, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,392.