Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$250,001+3.9% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$54,195About 0.7× the local median income ($74,034): affordable for a typical household
Days on market45 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.7%Zillow expects prices to rise slightly
The typical home in Cleveland, OH is worth $250,001, up 3.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $220,240, so the area is 13.5% overvalued. It is a balanced market, leaning toward buyers: homes take about 45 days to sell, listings are up 22% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 3.7% over the next year. A household needs about $54,195 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 $74,034. Typical rent is $1,440 a month, or $1,742 for a house. In the latest IRS figures, 4,574 more people moved out than in.
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
$250,001
Change in 1 year
+3.9%
Overvalued %
+13.5%
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Fair home value
$220,240
Change in 5 years
+32.5%
Zillow forecast, next 12 months
+3.7%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,355
Income needed to afford it
$54,195
Property tax rate
1.67%
Rent and investing
Typical rent
$1,440
Typical rent for houses
$1,742
Price-to-rent ratio
14.5×
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HUD Fair Market Rent, 2 bedrooms
$1,262
Gross rental yield
6.91%
Cap rate (estimate)
4.49%
Market activity
Listings vs a year ago
+21.5%
Days on market
45
Listings with a price cut
22.5%
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Homes for sale
4,777
Pending sales per 100 listings
55
Asking price per sq ft
$149
People and jobs
Median household income
$74,034
Population change (1 year)
+0.1%
Unemployment rate
5.5%
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Population
2,165,775
Income adjusted for cost of living
$78,843
Net moves in (IRS)
−4,574
Cost of living (US = 100)
93.9
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
88.3
Unhealthy air days a year
4
Show 4 more
Flood risk score
91.8
Wildfire risk score
49.8
Walkability (1 to 20)
9.9
Road, rail and air noise
53 dB
Questions people ask
Is Cleveland, OH overvalued?
Home prices in Cleveland, OH are well above what local incomes have historically supported: fair value is about $220,240, so the area is 13.5% overvalued.
Is Cleveland, OH a buyer's or seller's market?
Cleveland, OH is a balanced market, leaning toward buyers: homes take about 45 days to sell, listings are up 22% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Cleveland, OH?
Home values in Cleveland, OH are up 3.9% over the last year. Zillow's forecast for the next 12 months is +3.7%.
How much do you need to earn to buy a home in Cleveland, OH?
A household needs about $54,195 a year to afford the typical home in Cleveland, OH at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,034.