Home Values

Cleveland Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$117,100

  • 0.8% 1-year change
  • 0.4% 1-year forecast

The median home value in Cleveland is $117,100. Cleveland home values have gone up 0.8% over the past year and Zillow predicts they will rise 0.4% within the next year. The median list price per square foot in Cleveland is $83, which is lower than the Minneapolis average of $191. The median price of homes currently listed in Cleveland is $102,000 while the median price of homes that sold is $168,235. The median rent price in Cleveland is $995, which is lower than the Minneapolis median of $1,300.

Foreclosures will be a factor impacting home values in the next several years. In Cleveland 11.8 homes are foreclosed (per 10,000). This is greater than the Minneapolis value of 7.2 and also greater than the national value of 4.0

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Relative ZHVI
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Cleveland Market Overview

Data through Jan 31, 2015
  • $117,100 ZHVI
  • 0.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $102,000 Median listing price
  • No recent data Median sale price
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Cleveland Market Health

Data through Jan 31, 2015
  • 0.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.4% US Avg)

Homes foreclosed (per 10,000)

11.8 homes Cleveland
7.2 homes Minneapolis
4 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Victory $141,100
Near North $131,100
Shingle Creek $124,400
Name Median ZHVI
Willard Hay $124,100
Webber-Camden $106,600
Hawthorne $103,500
Name Median ZHVI
Jordan $97,500
Folwell $92,400
Mckinley $88,200

Listings & Sales

Data through Jan 31, 2015
  • $83 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
58.3%
Sold below listing
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Cleveland Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,256 Cleveland
    $1,486 Minneapolis
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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