Home Values

Downtown 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

$90,600

  • 1.7% 1-year change
  • 2.8% 1-year forecast

The median home value in Downtown Cleveland is $90,600. Downtown Cleveland home values have gone up 1.7% over the past year and Zillow predicts they will rise 2.8% within the next year. The median price of homes currently listed in Downtown Cleveland is $184,900. The median rent price in Downtown Cleveland is $1,950, which is higher than the Cleveland median of $650.

Foreclosures will be a factor impacting home values in the next several years. In Downtown Cleveland 11.7 homes are foreclosed (per 10,000). This is greater than the Cleveland value of 4.7 and also greater than the national value of 4.0

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Relative ZHVI
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Downtown Cleveland Market Overview

Data through Sep 30, 2014
  • $90,600 ZHVI
  • 2.8% 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
    (Sep 30, 2015)
  • $184,900 Median listing price
  • No data Median sale price
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Downtown Cleveland Market Health

Data through Sep 30, 2014
  • 6.1/10 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.
  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

11.7 homes(Jan 31, 2013) Downtown Cleveland
4.7 homes Cleveland
4 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Central $96,900
Ohio City - West Side $87,400
Tremont $74,700
Name Median ZHVI
Hough $66,800
Detroit Shoreway $64,600
Fairfax $58,900
Name Median ZHVI
Brooklyn Centre $45,800
Clark Fulton $41,200
St. Claire-Superior $40,400

Listings & Sales

Data through Sep 30, 2014
  • $191 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 10.7% Listings with price cut
27.3%
Sold below listing
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Downtown Cleveland Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,041 Downtown Cleveland
    $881 Cleveland
    $1,335 United States

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

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,950 Rent list price (Aug 31, 2014)
  • $1.57 Rent list price / sq ft (Aug 31, 2014)
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