Cleveland
Ohio · Ranked #4 of 102 metros
72Affordable
Median Home Price
🏠$195K
Need $56K income
Median Rent
🔑$950
Need $38K income
Housing Shortage
📉15,000
units needed
Building Permits
🔨5,500
annual
Median Income
💰$54K
Pop: 2,088,251
Rent Burden
⚠️31.5%
of renters paying >30%
Price Change (YoY)
📈+5.2%
Homeownership
🏡63.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Cleveland | National |
|---|---|---|
| Price-to-Income Ratio | 3.6x | 6.1x |
| Rent Burden | 31.5% | 31.5% |
| Homeownership Rate | 63.0% | 65.5% |
| YoY Price Change | +5.2% | +3.5% |
| YoY Rent Change | +4% | +2.8% |
| Mortgage Denial Rate | 16.0% | 13.5% |
| Eviction Rate | 7.0% | 3.6% |