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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 $109,572, lower than the Virginia average of $443,089.
The average cost of rent is $652/mo in Cleveland, primarily driven by the current value of real estate in the Cleveland area. In Cleveland, 32.62% of households rent, and 63.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cleveland is $3,984 per month. Households that rent pay about 16.36% of their income on rent here. Cleveland’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Carbo, VA: higher priced homes
- South Clinchfield, VA: less expensive homes
- Lebanon, VA: higher priced homes
- Coulwood, VA: equally priced homes
- Bucu, VA: less expensive homes
- Hansonville, VA: higher priced homes
- Carterton, VA: higher priced homes
- Elk Garden, VA: higher priced homes
- Corn Valley, VA: higher priced homes
- Hubbard Junction, VA: equally priced homes
Cities with Similar Populations
- Bellefonte, AR: higher priced homes
- Madison, NY: higher priced homes
- Peru, ME: higher priced homes
- Oyster Creek, TX: higher priced homes
- Owls Head, ME: higher priced homes
- Otterville, MO: higher priced homes
- Only, TN: higher priced homes
- Okay, OK: higher priced homes
- Northwood, ND: higher priced homes
- North English, IA: higher priced homes
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