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Housing in Cleveland · A seller's market

A typical Cleveland home is worth about $133,000

Down 1.6% in a year, 40% below the Oklahoma typical home. Homes typically sell in 159 days, a little above asking.

Typical home value
$133K
▼ 1.6% in a year · OK $223K
Zillow
Median sale price
$139K
May 2026 · Redfin
Days on market
159
Slower than OK (39)
Sale-to-list
101.4%
Homes sell above asking
Homes sold
5
in May · 15 for sale
2-bedroom rent
$1,020
a month, utilities in · HUD
Median tax bill
$824
OK $1,599

What kind of housing town is Cleveland?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

A typical home costs 2.4 years of income

Less than across Oklahoma (3.4 years). Try your own numbers below.

You could afford about
$220,000
Typical Cleveland home $133K

That covers a typical Cleveland home, with $87K to spare.

The typical home, each month
$780
Loan $660Tax $80Insurance $40

A two-bedroom rents for about $1,020 a month here, $240 more than owning.

How Cleveland ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Cleveland’s typical property tax (0.70% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Price trend

Up 45.8% in five years

Faster than Oklahoma (26.5%).

ClevelandOklahoma
$50K$100K$150K$200K$250K20182020202220242026
Show as a table
JanuaryClevelandOklahoma
2017$60,000$130,000
2018$66,000$134,000
2019$70,000$139,000
2020$75,000$148,000
2021$84,000$163,000
2022$98,000$185,000
2023$111,000$203,000
2024$121,000$210,000
2025$126,000$217,000
2026$138,000$221,000
August 2026$133,000$223,000
Then & now

A typical Cleveland home worth $60K in September 2016 is worth about $133K today.

+$73K
−1.6%
past year
+45.8%
past 5 years
+121.6%
since 2016

How Cleveland ranks on rising home prices →

Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.

Market temperature

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.

BalancedA seller's marketBuyer’sSeller’s

Under ~4 months of supply favors sellers; over ~6 favors buyers.

3
months of supply · OK 3.2
159
days to sell · OK 39
101.4%
of asking price, at sale
40%
sold above asking
75%
under contract within 2 weeks
6
new listings in May

Redfin Data Center, all residential sales, May 2026.

Renting

A two-bedroom rents for about $1,020

Renters already here pay a median of $818, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$780
1 bedroom$830
2 bedrooms$1,020
3 bedrooms$1,350
4 bedrooms$1,710
35%
of households rent · OK 34%
417
renter households
44%
of renters spend 30%+ of income on rent · OK 46%
22%
of the median income, for a two-bedroom
$818
median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Pawnee County, OK 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.

New construction

2 new homes permitted in 2025

Builders were permitted 2 new homes in Cleveland in 2025, all single-family houses. That's 0.6 per 1,000 residents, slower than across Oklahoma (5.6). Over the past 10 years, Cleveland has permitted 12 homes in all.

Single-family
02468 200020052010201520202025
2
new homes permitted in 2025
0
2026 so far (Jan–Aug)
0.6
per 1,000 residents · OK 5.6
12
homes in the past 10 years
Homes vs. people, 2010–2020
Residents−46
New homes+18

Between the 2010 and 2020 censuses, Cleveland's population fell by 46 even though 18 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Oklahoma: 1.8 new residents per new home.

Every year as a table
YearNew homesSingle-family2+ per buildingValue
2026 (Jan–Aug)000—
2025220$600,000
2024000—
2023000—
2022000—
2021000—
2020330$705,000
2019110$200,000
2018220$585,000
2017220$455,000
2016220$299,000
2015110$75,000
2014110$160,000
2013000—
2012110$85,000
2011880$2 million
2010000—
2009000—
2008000—
2007000—
2006000—
2005000—
2004000—
2003000—
2002000—
2001000—
2000000—

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.

The homes

1 of Cleveland’s houses are on the National Register

Half of Cleveland’s homes were built before 1972.

History →
Owners and renters
Own 65%Rent 35%

Oklahoma: 66% own.

1972
typical home built · OK 1980
$824
median property tax bill · OK $1,599
0.70%
of a home’s value, a year in tax · OK 0.80%
Historic houses in Cleveland

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.

Town Square →
Weigh in
The data says Cleveland is a seller's market. Is that what you’re seeing?

Your answer becomes a post in Town Square.

Start the conversation

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. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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