The story of this market
The typical home in Cleveland, Ohio sells for about $273,000, or $235 per square foot.
Prices are up +6.5% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $944 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 housing market is showing signs of increased inventory and buyer power, with a year-over-year price increase of 6.5% as of August 2026. While sales volume has moderated, the city's ongoing redevelopment efforts and focus on safety are driving long-term interest. The market remains more affordable than the national average, attracting both local buyers and investors.
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: median price diverges 82.1% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.
Deterministic aggregate of 22 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 1.5% year over year.
Homes spend a median of 36 days on market with 0.1 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 58.04% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 30.6% — 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.
A world-renowned institution located in the University Circle area, offering free general admission and extensive collections.
A historic public market in Ohio City that serves as a major culinary and social anchor for the city.
An extensive network of parks and greenbelts surrounding the city, providing significant recreational space and property value support.
Cleveland is well-suited for value-oriented family buyers and investors seeking lower entry price points, as well as urban professionals drawn to the revitalized downtown and historic neighborhoods like Ohio City.
The city is served by the Cleveland Metropolitan School District, which is currently undergoing various academic and facility improvement initiatives.
The city is served by a network of highway corridors and public transit, with a mean travel time to work of approximately 22.5 minutes.
Cleveland offers a robust amenity base including the Cleveland Metroparks, the Lakefront, and a vibrant cultural district featuring world-class museums and historic neighborhoods like Ohio City.
The rental market is characterized by a relatively low price-to-rent ratio compared to the state, suggesting a favorable environment for buyers, though rental demand remains steady in urban hubs.
Cleveland's economy is anchored by major institutions in healthcare, such as the Cleveland Clinic, and is seeing growth in downtown and waterfront development.
Cleveland is experiencing momentum through the Mayor's RISE Initiative and various redevelopment projects, including significant investments in the downtown and waterfront areas.
Major planning efforts include the Housing and Community Development Plan and various form-based zoning initiatives to encourage urban density.
The city is served by the Cleveland Metropolitan School District and various municipal utility and service districts.
The City of Cleveland has implemented a 2026 Summer Safety Plan and violence prevention investments, with officials reporting a decline in violent crime.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Ohio) — Real Property Tax Assessment: Property is assessed at 35% of its true market value. The tax is calculated by multiplying the assessed value by the effective tax rate (millage) of the local taxing district.
Data retrieved from Census Reporter and U.S. Census Bureau QuickFacts.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.