Broadway-Slavic Village, Cleveland, OH—44105
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Broadway-Slavic Village, Cleveland, OH
As of Oct '25, the median home price in Broadway-Slavic Village, Cleveland, OH is $71,000, with a year-over-year change of 0.5%. This indicates that home prices in Broadway-Slavic Village, Cleveland, OH are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $71,000 | 0.5% |
| Single Family | $71,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $59,000 | -1.7% |
3 Bed | $71,000 | 0.0% |
4 Bed | $78,000 | -1.3% |
| 5 Bed | $85,000 | -2.3% |
% of Housing Stock
Rental Trends — Broadway-Slavic Village, Cleveland, OH
As of July '25, Rentcast reports the average rent in Broadway-Slavic Village, Cleveland, OH is $1,140, with a year-over-year rent change of 5.6%. Per bedroom, the median rent as of July '25 in Broadway-Slavic Village, Cleveland, OH is 1-bedrooms: $779, 2-bedrooms: $923, 3-bedrooms: $1,300, 4-bedrooms: $1,420. The most common rental property sizes in Broadway-Slavic Village, Cleveland, OH are 2-bedroom and 3-bedroom, accounting for 39.4% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,120 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $779 |
| 2 Bed Rent | $900 | $923 |
| 3 Bed Rent | $1,300 | $1,300 |
| 4 Bed Rent | $1,400 | $1,420 |
% of Rental Stock
Property Listings — Broadway-Slavic Village, Cleveland, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Broadway-Slavic Village, Cleveland, OH is 55. This is a increase of 13.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $89,400 | 15.0% |
Listing Count | 157 | 20.0% |
| Listings as % of Homes | 0.7% | 20.0% |
Days on Market | 55 | 13.0% |
Demographics — Broadway-Slavic Village, Cleveland, OH
As of the latest ACS Survey released in 2023, Broadway-Slavic Village, Cleveland, OH has a population of 33,400, which has decreased by -10.4% over the past 5 years. Broadway-Slavic Village, Cleveland, OH is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 11.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,400 | -10.4% |
% Under 18 | 21.9% | -15.4% |
% Seniors | 17.7% | 26.4% |
% WFH | 8.9% | 423.5% |
% w/ College Degree | 11.3% | 21.5% |
As of the latest ACS Survey released in 2023, Broadway-Slavic Village, Cleveland, OH is a predominantly black area, with 66.7% of the population identifying as black. The black population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Broadway-Slavic Village, Cleveland, OH is white, making up 20.5% of the population. Foreign-born residents account for 2.7% of the population in Broadway-Slavic Village, Cleveland, OH, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 20.5% | -5.5% |
% Black | 66.7% | -7.9% |
% Hispanic | 6.7% | 81.1% |
% Asian | 0.5% | 66.7% |
% Foreign Born | 2.7% | 50.0% |
Mortgage and Risk — Broadway-Slavic Village, Cleveland, OH
According to HUD data as of 2023, there were 253 mortgage originations in Broadway-Slavic Village, Cleveland, OH, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Broadway-Slavic Village, Cleveland, OH. Investor activity is high, as 26.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 253 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 26.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Broadway-Slavic Village, Cleveland, OH
As of 2024, the percent of homes in Broadway-Slavic Village, Cleveland, OH under the Section 8 program is 17.3%. This is considered high, suggesting that the neighborhood is heavily 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 Broadway-Slavic Village, Cleveland, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,621 |
Total Units Section 8 | 1,465 |
% Rentals under Section 8 | 17.3% |
% Occupied Section 8 | 83.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $750 | $830 |
| 2 Bedroom | $100 | $900 | $1,000 |
| 3 Bedroom | $0 | $1,300 | $1,300 |
| 4 Bedroom | -$20 | $1,400 | $1,380 |
Affordability — Broadway-Slavic Village, Cleveland, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $71,000 |
| Median Household Income | $38,300 |