Cleveland, MN housing market
The median sale price was $286,000 in April 2026.
Home values, sales, trends and how Cleveland compares with the towns next door — updated as new data is published.
Cleveland at a glance
Only 2 sales in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 55% in 5 years
The federal house price index for the ZIP code around Cleveland rose 55% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 5.1%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +5.1% | +170% | +127% |
| 2024 | +0.7% | +157% | +120% |
| 2023 | +19% | +155% | +113% |
| 2022 | +6.5% | +114% | +104% |
| 2021 | +15% | +100% | +82% |
| 2020 | −0.2% | +74% | +66% |
| 2019 | +3.8% | +75% | +61% |
| 2018 | −2.2% | +68% | +55% |
| 2017 | +20% | +72% | +46% |
| 2016 | +0.5% | +44% | +38% |
| 2015 | −2% | +43% | +32% |
| 2014 | +9.1% | +46% | +28% |
| 2013 | +2.9% | +34% | +21% |
| 2012 | −4.4% | +30% | +16% |
| 2011 | −0.6% | +36% | +18% |
| 2010 | −7.6% | +37% | +25% |
| 2009 | −7.2% | +48% | +33% |
| 2008 | +3.8% | +59% | +42% |
| 2007 | +1.9% | +53% | +48% |
| 2006 | −0.3% | +51% | +49% |
| 2005 | +10% | +51% | +45% |
| 2004 | +11% | +37% | +34% |
| 2003 | +5.3% | +24% | +23% |
| 2002 | +5.4% | +18% | +18% |
| 2001 | +12% | +12% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 56017, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
No new homes permitted in 2025
No permits for new homes were issued in Cleveland in 2025. The last year with any was 2024 (1 new home).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Cleveland gained 28 residents while 10 new homes were permitted: about 2.8 new residents per new home. Building and growth moved roughly in step. Across Minnesota: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 1 | 1 | 0 | $266,000 |
| 2023 | 1 | 1 | 0 | $266,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 6 | 6 | 0 | $1.5 million |
| 2020 | 5 | 5 | 0 | $1.2 million |
| 2019 | 2 | 2 | 0 | $424,000 |
| 2018 | 2 | 2 | 0 | $430,000 |
| 2017 | 2 | 2 | 0 | $400,000 |
| 2016 | 2 | 2 | 0 | $398,000 |
| 2015 | 2 | 2 | 0 | $398,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 1 | 1 | 0 | $275,000 |
| 2006 | 1 | 1 | 0 | $259,000 |
| 2005 | 1 | 1 | 0 | $190,000 |
| 2004 | 1 | 1 | 0 | $190,000 |
| 2003 | 5 | 1 | 4 | $570,000 |
| 2002 | 9 | 7 | 2 | $1.4 million |
| 2001 | 8 | 6 | 2 | $1.2 million |
| 2000 | 1 | 1 | 0 | $140,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $980
HUD's Fair Market Rent for a two-bedroom in Cleveland is $980 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Cleveland pay a median of $817, so moving in tends to cost more than staying put.
Studio $740 · 4 bedrooms $1,590
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56017; Le Sueur County, MN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Cleveland
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.