The story of this market
The typical home in Cleveland, Ohio sells for about $149,901, or $100 per square foot.
Prices are up +11% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
Monthly price momentum
Home values since 2015
+3%
OH · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Cleveland, Ohio
Cleveland's residential real estate market remains remarkably competitive, buoyed by exceptional entry-level affordability and steady investor demand. With median sale prices near $150,000, rising 11% year-over-year, properties move in roughly 32 days as buyers seek value relative to high national interest rates. Substantial investments in healthcare infrastructure and urban waterfronts continue to support steady underlying demand despite regional population headwinds.
No ARED county foreclosure postings attributed to Cleveland yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 20 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.1% year over year.
Homes spend a median of 28 days on market with 0.1 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 80.83% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 31.8% — a mixed stability profile.
- Scene75 Entertainment Center | Cleveland4.419.3 mi
- Urban Air Trampoline and Adventure Park4.213.6 mi
- Fun 'n' Stuff4.417.1 mi
- Round1 Bowling & Arcade - Mentor420.4 mi
- Sky Zone Trampoline Park4.421 mi
- Rocket Arena4.60.4 mi
- Progressive Field4.70.5 mi
- Huntington Bank Field4.50.5 mi
- Blossom Music Center4.422.4 mi
- Topgolf Cleveland4.37.1 mi
- Rock & Roll Hall of Fame4.60.6 mi
- SouthPark Mall4.414.7 mi
- Cleveland Metroparks Zoo4.63.7 mi
- The Cleveland Museum of Art4.94.3 mi
- West Side Market4.71.1 mi
- Rock & Roll Hall of Fame4.60.6 mi
- The Cleveland Museum of Art4.94.3 mi
- Cleveland Museum of Natural History4.54.3 mi
- House from A Christmas Story4.72.1 mi
- The Holden Arboretum4.821.8 mi
- Edgewater Park4.72.2 mi
- Lakewood Park4.85.3 mi
- Cleveland Botanical Garden4.74.5 mi
- Squire's Castle4.715.3 mi
- Rocky River Nature Center4.911.6 mi
- Emerald Necklace Marina4.77.2 mi
- Whiskey Island Still & Eatery4.41.1 mi
- Shoreby Club4.76.2 mi
- Edgewater Yacht Club4.72.1 mi
- East 55th Street Marina4.53.2 mi
- Topgolf Cleveland4.37.1 mi
- Sleepy Hollow Golf Course4.313.9 mi
- Shawnee Hills Golf Course4.311.6 mi
- Seneca Golf Course413.9 mi
- StoneWater Golf Club & Venue4.512.4 mi
- SouthPark Mall4.414.7 mi
- West Side Market4.71.1 mi
- Crocker Park4.513.6 mi
- Beachwood Place4.410.4 mi
- Great Northern Mall4.312.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
Iconic Lake Erie waterfront architectural landmark that draws over 500,000 visitors annually, anchoring the downtown tourism corridor.
Nationally prominent, free-admission cultural cornerstone in University Circle with comprehensive historical and modern collections.
The largest performing arts center in the United States outside New York City, featuring historic theaters and driving downtown hospitality.
Flagship 147-acre Cleveland Metroparks reservation on Lake Erie featuring swimming beaches, a marina, and skyline vistas.
Operating continuously since 1912 in Ohio City, serving as a primary neighborhood anchor with over 100 independent food vendors.
Cleveland is tailored for cash-flow residential real estate investors seeking top-quartile capitalization rates, as well as medical and university professionals desiring low-cost urban amenities. It also appeals to budget-conscious first-time buyers willing to invest sweat equity into historic neighborhoods.
The primary public district, Cleveland Metropolitan School District (CMSD), operates under ongoing state academic distress oversight and receives low overall ratings on Ohio state report cards. However, selective-enrollment high schools like Design and Architecture School and John Hay High consistently earn high marks.
The city features a hub-and-spoke highway system converging on downtown via Interstates 71, 77, 90, and 490, maintaining lower traffic congestion relative to peers. GCRTA provides bus and rail services, including the Red Line connecting Downtown Cleveland directly to Cleveland Hopkins International Airport (CLE).
Cleveland boasts prime access to Lake Erie via Edgewater Park and Wendy Park, complemented by the extensive greenway system of the Cleveland Metroparks Emerald Necklace. The city offers rich cultural density including Playhouse Square, University Circle's Museum of Art, and major sporting venues downtown.
Cleveland provides an exceptionally deep and high-yielding rental market driven by an owner-occupancy rate below 45% and an influx of healthcare/academic tenants around University Circle. Vacancy rates remain steady around 6% to 8%, making the city a prime focus for cash-flow-oriented residential investors.
Cleveland has successfully transitioned from a traditional manufacturing center into a premier medical research, healthcare, higher education, and financial hub. Anchored by the Cleveland Clinic, University Hospitals, KeyBank, and Sherwin-Williams, the metro's gross product is increasingly tech- and services-oriented, though legacy manufacturing and distribution remain significant contributors.
Cleveland's momentum is anchored by the world-renowned Cleveland Clinic and University Hospitals, fueling extensive biomedical, healthcare, and research expansions in University Circle. Downtown waterfront and core redevelopment initiatives continue to draw private multifamily and mixed-use investment.
Current urban planning emphasizes connecting downtown to the Lake Erie waterfront, remediating legacy industrial land along the Cuyahoga River, and expanding the Metroparks trail networks. Zoned development incentives are actively targeted toward affordable housing infill and the transformation of vacant municipal land bank properties.
Parcels across Cleveland belong to the Cleveland Municipal School District, the Cleveland-Cuyahoga County Port Authority, the Northeast Ohio Regional Sewer District (NEORSD), and Cuyahoga Community College taxing jurisdictions. Select downtown and commercial corridors also carry Special Improvement District (SID) assessments to fund localized safety and sanitation.
Cleveland consistently reports violent and property crime rates significantly above state and national medians, placing it among the higher-crime metropolitan centers in the Midwest. Crime varies sharply by neighborhood, with central and eastern wards experiencing more acute safety challenges while areas like Tremont, Ohio City, and downtown maintain elevated private and public security presence.
Wildfire and catastrophic wind risks are negligible across Cleveland. Primary environmental risks stem from localized urban flash flooding, baseline lakefront winter storms, and aging combined sewer overflows along Lake Erie and the Cuyahoga River.
Property insurance rates in Cleveland reflect standard Midwest inland baseline costs, shielded from Atlantic hurricanes and western wildfires. However, aging housing stock with older plumbing, knob-and-tube electrical components, or slate roofs frequently draws specialized underwriting inspections and supplemental water backup riders.
Cuyahoga County and the City of Cleveland assess properties at 35% of appraised market value, yielding an effective residential property tax rate hovering around 2.4% to 2.8% depending on exact ward millage and school levies. The city also levies an active municipal income tax (2.5%) on residents and individuals working within municipal boundaries.
ACS 2024 5-year estimates. Aggregate published statistics for this city — never individual records, and never an attribute of any individual property or resident.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved directly from U.S. Census Bureau QuickFacts and ACS 5-year tables for Cleveland city, Ohio (FIPS 3916000).
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.