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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 $230,805, lower than the Indiana average of $232,932.
The average cost of rent is $1,151/mo in Cleveland, primarily driven by the current value of real estate in the Cleveland area. In Cleveland, 3.74% of households rent, and 45.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cleveland is $8,190 per month. Households that rent pay about 14.05% of their income on rent here. Cleveland’s most expensive areas are in the southern 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
- Maple Valley, IN: equally priced homes
- Charlottesville, IN: less expensive homes
- Occident, IN: less expensive homes
- Westland, IN: higher priced homes
- Carthage, IN: less expensive homes
- Willow Branch, IN: equally priced homes
- Knightstown, IN: less expensive homes
- Finly, IN: equally priced homes
- Wilkinson, IN: higher priced homes
- Greenfield, IN: equally priced homes
Cities with Similar Populations
- Port Clinton, PA: higher priced homes
- Radley, IN: equally priced homes
- Quinby, VA: less expensive homes
- Pringle, SD: higher priced homes
- Prescott, PA: higher priced homes
- Pratt, KY: less expensive homes
- Prather, IN: equally priced homes
- Powcan, VA: higher priced homes
- Portersville, IN: equally priced homes
- Porterfield, TN: higher priced homes
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