Cleveland
Ohio · Ranked #210 of 373 metros
72Affordable
💡
Housing in Cleveland costs 3.22× the median income, below the national average of 4.5×. The median home price is $217K and median rent is $1,032/month. Cleveland ranks #210 of 373 metros for affordability.
Median Home Price
🏠$217K
Need $56K income
Median Rent
🔑$1,032
Need $38K income
Housing Shortage
📉15,000
units needed
Building Permits
🔨4,289
annual
Median Income
💰$68K
Pop: 2,088,251
Rent Burden
⚠️31.5%
of renters paying >30%
Price Change (YoY)
📈+5.2%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Cleveland | National |
|---|---|---|
| Price-to-Income Ratio | 3.22x | 6.1x |
| Rent Burden | 31.5% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Price Change | +5.2% | +3.5% |
| YoY Rent Change | +4% | +2.8% |
| Mortgage Denial Rate | 16.0% | 13.5% |
| Eviction Rate | 7.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +65.7%Since 2000: +106%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$933/mo
1 Bedroom$1,058/mo
2 Bedroom$1,279/mo
3 Bedroom$1,646/mo
4 Bedroom$1,760/mo
Zillow Market Data
Home Value (ZHVI)
$239K
1yr: +4.3%5yr: +38.9%
Rent (ZORI)
$1,394/mo
1yr: +4.7%5yr: +38.1%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$295K
Active Inventory
9
Days on Market
6
Sold Above List
100.0%