📊 Ohio · Housing Market 2026
Cleveland Housing Market Data 2026
Median prices, cap rates, rent benchmarks, and investment outlook for Cleveland, Ohio — data sourced from Zillow, HUD FMR, and Census ACS.
$195,000
Median Home Price
YoY: +2.5%
6.2%
Avg Cap Rate
Cash-on-cash: 7.8%
$1,100
Median Rent (2BR/mo)
YoY: +0.9%
9.1%
Vacancy Rate
High — watch carefully
50 days
Days on Market
Moderate pace
$195,000 / 6.2%
Price / Cap Rate
🟡 Moderate Market
📈 Market Analysis — Cleveland, OH
**Market Analysis: Cleveland, Ohio (2026 Outlook)**
In 202
🔮 12-Month Predictive Outlook View All Markets →
Price Trend
▼ Bearish
12-mo forecast: $198,505
Confidence: 92%
Rent Growth
▼ Declining
12-mo forecast: $1,108/mo
Confidence: 90%
Emerging Score
56/100
Confidence: 92%
↑
Price Momentum
+2.5% YoY (national: +2.3%)
↓
Days on Market
50 days (national avg: 38)
Predictions are rule-based forecasts based on price momentum, rent data, vacancy trends, and population growth. Not investment advice.
See full rankings →
🏘️ Rent Breakdown — HUD Fair Market Rents
HUD Fair Market Rent represents the 40th percentile of gross rents paid by recent movers in Cleveland. Used as a benchmark for Section 8 voucher limits and rental market analysis.
| Bedroom Count | Monthly Rent (HUD FMR) | Annual Rental Income | Est. Cap Rate at Median Price |
|---|---|---|---|
| 1 Bedroom | $950/mo | $11,400/yr | 4.1% est. |
| 2 Bedrooms | $1,100/mo | $13,200/yr | 4.7% est. |
| 3 Bedrooms | $1,350/mo | $16,200/yr | 5.8% est. |
* Estimated cap rate uses the 70% rule (30% reserved for expenses). Actual cap rates vary by property and management style.
💰 Cost of Investing in Cleveland
| Cost Item | Rate / Amount | Est. Annual Cost | Monthly Cost |
|---|---|---|---|
| Property Tax | 1.5% effective rate | $2,945 | $245/mo |
| Homeowners Insurance | Ohio avg premium | $1,400 | $117/mo |
| Total Tax + Insurance | Based on median home price of $195,000 | $362/mo | |
These figures reflect state-level averages. Property tax rates vary by county; insurance costs vary by property type, age, and claims history. Source: Tax Foundation (2025), NAIC (2024).
⚖️ How Cleveland Compares to National Averages
Avg Cap Rate
6.2%
National avg: 5.5%
✓ Above average
Median Home Price
$195,000
National avg: $371,696
✓ More affordable
Vacancy Rate
9.1%
National avg: 7.6%
Above avg vacancy
2BR Median Rent
$1,100/mo
National avg: $1,753/mo
Days on Market
50 days
National avg: 38 days
Price Growth YoY
+2.5%
National avg: +2.3%
National averages calculated across all 69 tracked US investor markets. A cap rate above the national average suggests stronger cash flow potential relative to purchase price.
🗺️ Nearby Markets in Ohio
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