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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 $162,500, lower than the New Mexico average of $265,486.
The average cost of rent is $1,083/mo in Cleveland, primarily driven by the current value of real estate in the Cleveland area. In Cleveland, 9.13% of households rent, and 79.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cleveland is $5,821 per month. Households that rent pay about 18.61% of their income on rent here. Cleveland’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mora, NM: less expensive homes
- Holman, NM: equally priced homes
- Monte Aplanado, NM: less expensive homes
- Ledoux, NM: less expensive homes
- North Carmen, NM: less expensive homes
- Chacon, NM: equally priced homes
- Buena Vista, NM: less expensive homes
- Rainsville, NM: less expensive homes
- Tres Ritos, NM: equally priced homes
- Guadalupita, NM: less expensive homes
Cities with Similar Populations
- Indianola, UT: higher priced homes
- Havensport, OH: higher priced homes
- Holy Cross, WI: higher priced homes
- Hopeful, GA: less expensive homes
- Houcktown, OH: equally priced homes
- Howard, TX: higher priced homes
- Howlett Hill, NY: higher priced homes
- Hubbardstown, WV: less expensive homes
- Hume, IL: less expensive homes
- Hunts Corners, NY: equally priced homes
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