Cleveland, OH home prices
Typical home $250,001 · +3.9% in a year · income needed $80,900
The Cleveland, OH metro area ranks 455 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.9% in a year and +32.5% over five years. With 20% down at 7.11%, the typical home costs about $1,887 a month including 2% property tax (Cuyahoga County rate).
Mortgage on the typical Cleveland home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,001 | $1,345 | $0 | $542 | $1,887 | $80,900 |
| 10% down | $25,000 | $225,001 | $1,514 | $94 | $542 | $2,149 | $92,100 |
| 5% down | $12,500 | $237,501 | $1,598 | $99 | $542 | $2,239 | $95,900 |
| 3.5% down (FHA) | $8,750 | $245,473 | $1,651 | $111 | $542 | $2,304 | $98,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Cleveland area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Cuyahoga County, OH | $218,659 | +3.3% | 2% |
| Lorain County, OH | $260,654 | +4.8% | 1.37% |
| Lake County, OH | $249,918 | +3.4% | 1.62% |
| Medina County, OH | $348,695 | +4.0% | 1.24% |
| Geauga County, OH | $398,271 | +6.1% | 1.38% |
What can you afford in Ohio on your salary? · Ohio home prices · Salaries in Ohio
Frequently asked questions
How much is a house in Cleveland?
The typical home in the Cleveland, OH metro area is worth $250,001 (Zillow, September 2026).
What salary do you need to buy a house in Cleveland?
About $80,900 a year for the typical home with 20% down at 7.11%.