University Circle, Cleveland, OH—44106
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — University Circle, Cleveland, OH
As of Oct '25, the median home price in University Circle, Cleveland, OH is $183,000, with a year-over-year change of -4.1%. This indicates that home prices in University Circle, Cleveland, OH are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $183,000 | -4.1% |
| Single Family | $183,000 | -6.6% |
| Condos | $183,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $116,000 | 3.6% |
2 Bed | $212,000 | 0.0% |
3 Bed | $152,000 | -5.0% |
4 Bed | $157,000 | -7.6% |
| 5 Bed | $332,000 | -2.1% |
% of Housing Stock
Rental Trends — University Circle, Cleveland, OH
As of July '25, Rentcast reports the average rent in University Circle, Cleveland, OH is $1,650, with a year-over-year rent change of -16.7%. Per bedroom, the median rent as of July '25 in University Circle, Cleveland, OH is studios: $1,360, 1-bedrooms: $1,140, 2-bedrooms: $1,680, 3-bedrooms: $2,510, 4-bedrooms: $2,540. The most common rental property sizes in University Circle, Cleveland, OH are 1-bedroom and 2-bedroom, accounting for 42.0% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,650 |
| Studio Rent | $1,420 | $1,360 |
| 1 Bed Rent | $1,100 | $1,140 |
| 2 Bed Rent | $1,300 | $1,680 |
| 3 Bed Rent | $2,550 | $2,510 |
| 4 Bed Rent | $2,000 | $2,540 |
% of Rental Stock
Property Listings — University Circle, Cleveland, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in University Circle, Cleveland, OH is 79. This is a decrease of -27.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | -1.0% |
Listing Count | 78 | -5.0% |
| Listings as % of Homes | 0.6% | -5.0% |
Days on Market | 79 | -27.0% |
Demographics — University Circle, Cleveland, OH
As of the latest ACS Survey released in 2023, University Circle, Cleveland, OH has a population of 24,700, which has decreased by -4.1% over the past 5 years. University Circle, Cleveland, OH is a less popular place for families, as children make up 12.8% of the population. The area has a highly educated workforce, with 47.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,700 | -4.1% |
% Under 18 | 12.8% | -2.3% |
% Seniors | 17.7% | 18.8% |
% WFH | 12.2% | 205.0% |
% w/ College Degree | 47.4% | 11.8% |
As of the latest ACS Survey released in 2023, University Circle, Cleveland, OH is a predominantly black area, with 41.0% of the population identifying as black. The black population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in University Circle, Cleveland, OH is white, making up 38.7% of the population. Foreign-born residents account for 12.8% of the population in University Circle, Cleveland, OH, and this percentage has increased by 15.3% 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 | 38.7% | -6.3% |
% Black | 41.0% | -2.8% |
% Hispanic | 4.0% | 100.0% |
% Asian | 11.1% | -1.8% |
% Foreign Born | 12.8% | 15.3% |
Mortgage and Risk — University Circle, Cleveland, OH
According to HUD data as of 2023, there were 207 mortgage originations in University Circle, Cleveland, OH, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in University Circle, Cleveland, OH. Investor activity is low, as 9.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 207 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 9.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — University Circle, Cleveland, OH
As of 2024, the percent of homes in University Circle, Cleveland, OH under the Section 8 program is 34.2%. 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 University Circle, 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 | 3,049 |
Total Units Section 8 | 2,879 |
% Rentals under Section 8 | 34.2% |
% Occupied Section 8 | 86.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,100 | $1,130 |
| 2 Bedroom | $70 | $1,300 | $1,370 |
| 3 Bedroom | -$790 | $2,550 | $1,760 |
| 4 Bedroom | -$110 | $2,000 | $1,890 |
Affordability — University Circle, Cleveland, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $183,000 |
| Median Household Income | $42,900 |