Cleveland housing market
Typical home value
$250K
▲ 3.9% 1 yr
Typical rent
$1,440/mo
▲ 4.5% 1 yr
12-month forecast
+3.7%
#66 of 546 metros
Gross rent yield
6.9%
#136 of 546 · U.S. 6.3%
Days to pending
29 days
▲ +3 days 1 yr
Listings with a price cut
26%
▲ +0.3 pts 1 yr
Key takeaways
- 1The typical home is worth $250,001, up 3.9% in a year and up 32% over five years.
- 2Zillow forecasts home values rising 3.7% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,440/mo (+4.5% YoY), a 6.9% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,374/mo in principal and interest, $66 less than renting.
- 5Homes go under contract in 29 days (+3 days vs last year); 26% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 55/100, #80 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Cleveland compares
| Measure | Cleveland | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.9% | +1.2% | #131 |
| Home value, 5-yr change | +32.5% | +19.7% | |
| 12-month forecast | +3.7% | +1.1% | #66 |
| Rent, 1-yr change | +4.5% | +2.7% | #148 |
| Gross rent yield | 6.9% | 6.3% | #136 |
| Price-to-rent ratio | 14.5 | 15.8 | |
| Mortgage P&I on typical home | $1,374 | $2,012 | |
| Income needed to buy | $74,609 | $100,902 | |
| Days to pending | 29 | 56 |
Cities in the Cleveland metro
19 cities with home value and rent data.
| Cleveland | $116K | ▼ 0.8% | $1,359 | ▲ 4.4% | 14.1% |
| Parma | $215K | ▲ 3.9% | $1,263 | ▲ 8.6% | 7.0% |
| Lorain | $155K | ▲ 3.8% | $1,104 | ▲ 2.6% | 8.6% |
| Medina | $381K | ▲ 3.9% | $1,931 | ▲ 2.8% | 6.1% |
| Elyria | $187K | ▲ 4.7% | $1,176 | ▲ 6.9% | 7.6% |
| Mentor | $276K | ▲ 3.5% | $1,690 | ▲ 5.0% | 7.4% |
| Lakewood | $291K | ▲ 4.6% | $1,422 | ▲ 4.5% | 5.9% |
| Cleveland Heights | $206K | ▲ 1.3% | $1,394 | ▲ 3.9% | 8.1% |
| Euclid | $148K | ▲ 2.5% | $1,152 | ▲ 4.9% | 9.4% |
| Westlake | $421K | ▲ 3.3% | $1,878 | ▲ 4.2% | 5.4% |
| Garfield Heights | $139K | ▲ 3.9% | $1,421 | ▲ 2.7% | 12.3% |
| Shaker Heights | $352K | ▲ 2.4% | $1,822 | ▲ 9.0% | 6.2% |
| Maple Heights | $135K | ▲ 3.2% | $1,574 | ▲ 11.1% | 14.0% |
| South Euclid | $182K | ▼ 0.2% | $1,758 | ▲ 5.5% | 11.6% |
| Parma Heights | $219K | ▲ 4.0% | $1,152 | ▲ 2.5% | 6.3% |
| Mayfield Heights | $232K | ▲ 1.7% | $1,370 | ▲ 3.3% | 7.1% |
| East Cleveland | $67K | ▼ 4.2% | $898 | ▲ 4.1% | 16.2% |
| Beachwood | $499K | ▲ 5.0% | $2,185 | ▲ 4.5% | 5.2% |
| Bedford | $156K | ▲ 1.5% | $1,119 | ▲ 3.6% | 8.6% |
Run the numbers
Rental property calculator
Cash flow on a typical Cleveland rental ($250K, $1,440/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Cleveland home.
Rent vs buy
Is it cheaper to rent or buy in Cleveland?
Renting out a property in Ohio? See deposit limits, late fee rules and notice periods.
Other Ohio metros
Cincinnati, OH
$306K home$1,522 rent6.0% yield
▲ 2.2% 1 yr
Columbus, OH
$327K home$1,525 rent5.6% yield
▲ 1.3% 1 yr
Akron, OH
$240K home$1,306 rent6.5% yield
▲ 4.0% 1 yr
Toledo, OH
$202K home$1,264 rent7.5% yield
▲ 3.3% 1 yr
Youngstown, OH
$175K home$1,047 rent7.2% yield
▲ 4.8% 1 yr
Canton, OH
$218K home$1,141 rent6.3% yield
▲ 4.5% 1 yr
Huntington, WV
$166K home$1,086 rent7.8% yield
▲ 1.5% 1 yr
Wheeling, WV
$141K home$864 rent7.3% yield
▲ 2.8% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.