Cleveland Park, Washington, DC—20008
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cleveland Park, Washington, DC
As of Oct '25, the median home price in Cleveland Park, Washington, DC is $834,000, with a year-over-year change of 0.0%. This indicates that home prices in Cleveland Park, Washington, DC are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $834,000 | 0.0% |
| Single Family | $1,912,000 | 1.1% |
| Condos | $425,000 | -2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $357,000 | -1.9% |
2 Bed | $600,000 | -1.6% |
3 Bed | $1,436,000 | 0.9% |
4 Bed | $1,865,000 | 0.4% |
| 5 Bed | $2,702,000 | 1.9% |
% of Housing Stock
Rental Trends — Cleveland Park, Washington, DC
As of July '25, Rentcast reports the average rent in Cleveland Park, Washington, DC is $3,110, with a year-over-year rent change of 11.5%. Per bedroom, the median rent as of July '25 in Cleveland Park, Washington, DC is studios: $1,740, 1-bedrooms: $2,380, 2-bedrooms: $3,690, 3-bedrooms: $5,660, 4-bedrooms: $7,030. The most common rental property sizes in Cleveland Park, Washington, DC are 1-bedroom and studio, accounting for 54.4% and 21.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $3,110 |
| Studio Rent | $1,720 | $1,740 |
| 1 Bed Rent | $2,250 | $2,380 |
| 2 Bed Rent | $3,100 | $3,690 |
| 3 Bed Rent | $4,550 | $5,660 |
| 4 Bed Rent | $6,900 | $7,030 |
% of Rental Stock
Property Listings — Cleveland Park, Washington, DC
As of Oct '25, Realtor.com reports that the median days on market for a home in Cleveland Park, Washington, DC is 44. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $560,000 | -10.0% |
Listing Count | 141 | 23.0% |
| Listings as % of Homes | 0.5% | 23.0% |
Days on Market | 44 | 12.0% |
Demographics — Cleveland Park, Washington, DC
As of the latest ACS Survey released in 2023, Cleveland Park, Washington, DC has a population of 28,700, which has decreased by -2.4% over the past 5 years. Cleveland Park, Washington, DC is a less popular place for families, as children make up 12.7% of the population. The area has a highly educated workforce, with 88.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 35.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,700 | -2.4% |
% Under 18 | 12.7% | 12.4% |
% Seniors | 19.3% | 5.5% |
% WFH | 35.2% | 295.5% |
% w/ College Degree | 88.9% | 0.9% |
As of the latest ACS Survey released in 2023, Cleveland Park, Washington, DC is a predominantly white area, with 66.0% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Cleveland Park, Washington, DC is hispanic, making up 11.4% of the population. Foreign-born residents account for 17.3% of the population in Cleveland Park, Washington, DC, and this percentage has decreased by 5.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.0% | -9.2% |
% Black | 10.3% | 30.4% |
% Hispanic | 11.4% | -10.2% |
% Asian | 7.1% | 29.1% |
% Foreign Born | 17.3% | -5.5% |
Mortgage and Risk — Cleveland Park, Washington, DC
According to HUD data as of 2023, there were 364 mortgage originations in Cleveland Park, Washington, DC, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Cleveland Park, Washington, DC. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 364 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Cleveland Park, Washington, DC
As of 2024, the percent of homes in Cleveland Park, Washington, DC under the Section 8 program is 2.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Cleveland Park, Washington, DC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 288 |
Total Units Section 8 | 287 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $510 | $2,250 | $2,760 |
| 2 Bedroom | $10 | $3,100 | $3,110 |
| 3 Bedroom | -$660 | $4,550 | $3,890 |
| 4 Bedroom | -$2,310 | $6,900 | $4,590 |
Affordability — Cleveland Park, Washington, DC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $834,000 |
| Median Household Income | $124,000 |