Property Prices in Cleveland, OH, United States

Index Info
Price to Income Ratio: 1.75
Mortgage as Percentage of Income: 15.78%
Loan Affordability Index: 6.34
Price to Rent Ratio - City Centre: 4.19
Price to Rent Ratio - Outside of Centre: 4.88
Gross Rental Yield (City Centre): 23.88%
Gross Rental Yield (Outside of Centre): 20.49%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,337.50 $ 1,000.00-1,800.00
Apartment (1 bedroom) Outside of Centre 984.44 $ 750.00-1,432.00
Apartment (3 bedrooms) in City Centre 2,733.33 $ 2,200.00-3,200.00
Apartment (3 bedrooms) Outside of Centre 1,686.11 $ 1,100.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 120.42 $ 111.48-156.17
Price per Square Feet to Buy Apartment Outside of Centre 95.28 $ 83.61-141.95
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,307.95 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.57 6.00-7.40

These data are based on 123 entries from 37 contributors over the past 18 months.
Last update: April 2025

Sources and References
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