A typical Cleveland home is worth about $315,000
Up 1.3% in a year, 6% below the North Carolina typical home.
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
Up 24.6% in five years
About the same pace as North Carolina (23.2%).
Show as a table
| January | Cleveland | North Carolina |
|---|---|---|
| 2017 | $163,000 | $179,000 |
| 2018 | $172,000 | $190,000 |
| 2019 | $182,000 | $203,000 |
| 2020 | $197,000 | $215,000 |
| 2021 | $225,000 | $242,000 |
| 2022 | $259,000 | $287,000 |
| 2023 | $283,000 | $320,000 |
| 2024 | $297,000 | $332,000 |
| 2025 | $311,000 | $338,000 |
| 2026 | $313,000 | $336,000 |
| August 2026 | $315,000 | $335,000 |
A typical Cleveland home worth $159K in September 2016 is worth about $315K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A typical home costs 5.4 years of income
More than across North Carolina (4.6 years). Try your own numbers below.
That’s $77K short of a typical Cleveland home.
A two-bedroom rents for about $1,250 a month here, $570 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Cleveland’s typical property tax (0.66% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,250
Renters already here pay a median of $739, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Iredell County, NC HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
1 of Cleveland’s houses are on the National Register
Half of Cleveland’s homes were built before 1982.
North Carolina: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
On the market in Cleveland
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Cleveland buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.