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

$80,000

  • -16.1% 1-year change
  • -1.0% 1-year forecast

The median home value in Downtown Cleveland is $80,000. Downtown Cleveland home values have declined -16.1% over the past year and Zillow predicts they will fall -1.0% within the next year. The median rent price in Downtown Cleveland is $2,215, which is higher than the Cleveland median of $775.

Foreclosures will be a factor impacting home values in the next several years. In Downtown Cleveland 12.1 homes are foreclosed (per 10,000). This is greater than the Cleveland value of 8.4 and also greater than the national value of 3.8

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Relative ZHVI
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Downtown Cleveland Market Overview

Data through Jun 30, 2015
  • $80,000 ZHVI
  • -1.0% 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
    (Jun 30, 2016)
  • No data Median listing price
  • No data Median sale price
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Downtown Cleveland Market Health

Data through Jun 30, 2015
  • 0.1/10 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.
  • No data Average days on Zillow
  • No data Homes with negative equity (15.4% US Avg)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

12(Aug 31, 2014) Downtown Cleveland
8 Cleveland
4 United States
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Nearby Neighborhoods

Name Median ZHVI
Central $83,600
Ohio City - West Side $73,900
Hough $62,400
Name Median ZHVI
Tremont $59,600
Detroit Shoreway $58,000
St. Claire-Superior $50,300
Name Median ZHVI
Brooklyn Centre $45,600
Clark Fulton $42,500
North Broadway $36,900

Listings & Sales

  • No data
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Downtown Cleveland Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $1,124 Downtown Cleveland
    $871 Cleveland
    $1,369 United States

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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $2,215 Rent list price
  • $2.04 Rent list price / sq ft
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