Cleveland, OH housing market
The typical Cleveland home is worth about $120,000, down 1.5% in a year, 52% below the Ohio typical home. Homes typically sell in 34 days, below asking.
Home values, sales, trends and how Cleveland compares with the towns next door — updated as new data is published.
Cleveland at a glance
A seller's market
Supply is tight — about 3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Cleveland | Ohio |
|---|---|---|
| 2017 | $62,000 | $133,000 |
| 2018 | $66,000 | $141,000 |
| 2019 | $76,000 | $150,000 |
| 2020 | $79,000 | $158,000 |
| 2021 | $95,000 | $178,000 |
| 2022 | $105,000 | $195,000 |
| 2023 | $110,000 | $211,000 |
| 2024 | $114,000 | $224,000 |
| 2025 | $123,000 | $237,000 |
| 2026 | $121,000 | $245,000 |
| August 2026 | $120,000 | $249,000 |
706 new homes permitted in 2025
Builders were permitted 706 new homes in Cleveland in 2025: 143 single-family houses and 563 in buildings with two or more homes, worth about $142.3 million to build. That's 1.9 per 1,000 residents, slower than across Ohio (3.3). Over the past 10 years, Cleveland has permitted 3,774 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Cleveland's population fell by 24,191 even though 1,553 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Ohio: 1.3 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) | 237 | 55 | 182 | $50.8 million |
| 2025 | 706 | 143 | 563 | $142.3 million |
| 2024 | 896 | 234 | 662 | $146.1 million |
| 2023 | 805 | 161 | 644 | $118.2 million |
| 2022 | 521 | 158 | 363 | $99.5 million |
| 2021 | 131 | 104 | 27 | $16.3 million |
| 2020 | 117 | 95 | 22 | $14.6 million |
| 2019 | 97 | 78 | 19 | $12.4 million |
| 2018 | 148 | 114 | 34 | $15.3 million |
| 2017 | 180 | 144 | 36 | $9 million |
| 2016 | 173 | 137 | 36 | $8.7 million |
| 2015 | 172 | 130 | 42 | $7.9 million |
| 2014 | 124 | 96 | 28 | $7.4 million |
| 2013 | 226 | 132 | 94 | $22 million |
| 2012 | 177 | 110 | 67 | $17.3 million |
| 2011 | 129 | 86 | 43 | $12.5 million |
| 2010 | 127 | 91 | 36 | $12 million |
| 2009 | 123 | 87 | 36 | $11.6 million |
| 2008 | 158 | 109 | 49 | $14.9 million |
| 2007 | 248 | 184 | 64 | $22.7 million |
| 2006 | 347 | 253 | 94 | $31 million |
| 2005 | 443 | 345 | 98 | $39.5 million |
| 2004 | 457 | 374 | 83 | $40.7 million |
| 2003 | 450 | 372 | 78 | $40 million |
| 2002 | 439 | 345 | 94 | $39.3 million |
| 2001 | 389 | 328 | 61 | $35.3 million |
| 2000 | 373 | 314 | 59 | $33.7 million |
How Cleveland ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Cleveland and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Cleveland | $120K | −1.5% | $1,230 | 706 | $40,801 |
| Brook Park | $220K | +4.5% | $1,340 | 89 | $71,332 |
| Shaker Heights | $357K | +2.8% | $1,560 | 151 | $104,073 |
| Cuyahoga Heights | $220K | +5.3% | $1,330 | 2 | $82,083 |
| East Cleveland | $74K | −6.3% | $1,120 | 0 | $22,116 |
| Fairview Park | $286K | +3.3% | $1,210 | 0 | $78,865 |
| Brooklyn | $211K | +3.5% | $1,160 | 62 | $69,346 |
3 years of income
The typical Cleveland home costs about 3 years of the town's median household income, less than across Ohio (3.5 years).
How Cleveland ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,230
HUD's Fair Market Rent for a two-bedroom in Cleveland is $1,230 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Cleveland pay a median of $945, so moving in tends to cost more than staying put. A two-bedroom takes about 36% of the town's median household income, above the 30% guideline for affordable housing.
Studio $900 · 4 bedrooms $1,690
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (44102, 44103, 44104, 44105, 44106, 44108 and 11 more; Cleveland, OH 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.
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. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.