Cleveland Housing Market: Home Prices & Rent
Cleveland home values since 2000
Last few years
Rent in Cleveland
Owning vs renting, monthly
Buying the typical Cleveland home with 20% down at this week's 7.32% 30-year rate costs about $1,686/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,440/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
What changed this month
- The typical home in Cleveland now costs over $250k
Cleveland vs Ohio vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $250k | +3.9% | $1,440/mo |
| Ohio | $246k | +3.2% | - |
| United States | $366k | +1.2% | $1,932/mo |
Get Cleveland's housing report every month
Home prices, rent and what changed - one short email when the new data comes out. Free, unsubscribe any time.
Common questions
Are home prices falling in Cleveland?
No - the typical Cleveland-area home value is up 3.9% over the past 12 months, at $250k (September 2026).
Is the Cleveland housing market crashing?
Home values are close to their 2020s high and up 3.9% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Cleveland?
Typical rent in the Cleveland metro is $1,440 a month (September 2026), +4.5% over 12 months.
How much income do you need to buy a home in Cleveland?
About $75k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Cincinnati, OH · Columbus, OH · Akron, OH · Toledo, OH · Augusta, GA · Tulsa, OK · Columbia, SC · Baton Rouge, LA
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Cleveland, OH metro area. How we calculate.