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These days, finding an affordable place to live in the Cleveland area can be challenging. Home prices in Cleveland are now at a median cost of $191,374, lower than the Alabama average of $228,911.
The average cost of rent is $1,084/mo in Cleveland, primarily driven by the current value of real estate in the Cleveland area. In Cleveland, 14.09% of households rent, and 55.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cleveland is $5,937 per month. Households that rent pay about 18.26% of their income on rent here. Cleveland’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Nectar, AL: equally priced homes
- Rosa, AL: higher priced homes
- Locust Fork, AL: equally priced homes
- Allgood, AL: equally priced homes
- Gum Springs, AL: less expensive homes
- Red Hill, AL: higher priced homes
- Oneonta, AL: equally priced homes
- Mountain Grove, AL: less expensive homes
- Blountsville, AL: less expensive homes
- Champion, AL: equally priced homes
Cities with Similar Populations
- Port Allegany, PA: less expensive homes
- Petersburg, AK: higher priced homes
- Italy, TX: higher priced homes
- Wellfleet, MA: higher priced homes
- Abernathy, TX: equally priced homes
- Guin, AL: less expensive homes
- Fogelsville, PA: higher priced homes
- Sharpsburg, PA: less expensive homes
- Spencer, NY: equally priced homes
- Dolgeville, NY: less expensive homes
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