Affordable
Expensive
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These days, finding an affordable place to live in the Downtown Cleveland area can be challenging. Home prices in Downtown Cleveland are now at a median cost of $161,327, lower than the Cleveland average of $230,318.
The average cost of rent is $1,467/mo in Downtown Cleveland, primarily driven by the current value of real estate in the Downtown Cleveland area. In Downtown Cleveland, 95.49% of households rent, and 60.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Cleveland is $4,328 per month. Households that rent pay about 33.89% of their income on rent here. Downtown Cleveland’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Ohio City-West Side, Cleveland, OH: higher priced homes
- Central, Cleveland, OH: equally priced homes
- Goodrich-Kirtland Park, Cleveland, OH: less expensive homes
- Tremont, Cleveland, OH: higher priced homes
- Detroit Shoreway, Cleveland, OH: higher priced homes
- Clark-Fulton, Cleveland, OH: less expensive homes
- Saint Claire-Superior, Cleveland, OH: less expensive homes
- North Broadway, Cleveland, OH: less expensive homes
- Hough, Cleveland, OH: equally priced homes
- Fairfax, Cleveland, OH: less expensive homes
Neighborhoods with Similar Populations
- Jamestown, Hephzibah, GA: higher priced homes
- Tall Timbers, New Orleans, LA: higher priced homes
- Groveton, Alexandria, VA: higher priced homes
- Highland, Denver, CO: higher priced homes
- Hollywood Riviera, Redondo Beach, CA: higher priced homes
- Hyannis, Barnstable Town, MA: higher priced homes
- Hybla Valley, Alexandria, VA: higher priced homes
- Sterling Park, Sterling, VA: higher priced homes
- State Fair-Nolan, Highland Park, MI: less expensive homes
- Greater Wythe, Hampton, VA: higher priced homes
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