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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 $201,380, lower than the Florida average of $396,783.
The average cost of rent is $1,226/mo in Cleveland, primarily driven by the current value of real estate in the Cleveland area. In Cleveland, 25.58% of households rent, and 80.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cleveland is $4,545 per month. Households that rent pay about 26.97% of their income on rent here. Cleveland’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Punta Gorda, FL: higher priced homes
- Harbour Heights, FL: higher priced homes
- Charlotte Harbor, FL: equally priced homes
- El Jobean, FL: higher priced homes
- Charlotte Park, FL: higher priced homes
- Platt, FL: higher priced homes
- Port Charlotte, FL: higher priced homes
- Fort Ogden, FL: equally priced homes
- North Port, FL: higher priced homes
- Rotonda West, FL: higher priced homes
Cities with Similar Populations
- Yucca, AZ: less expensive homes
- Ohioville, PA: equally priced homes
- Linden, TN: less expensive homes
- Arley, AL: higher priced homes
- Fredericksburg, PA: higher priced homes
- Junction City, KY: less expensive homes
- Wales, WI: higher priced homes
- Tybee Island, GA: higher priced homes
- Helper, UT: higher priced homes
- Charles City, VA: higher priced homes
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