Old Brooklyn, Cleveland, OH—44109
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Old Brooklyn, Cleveland, OH
As of Oct '25, the median home price in Old Brooklyn, Cleveland, OH is $142,000, with a year-over-year change of 3.0%. This indicates that home prices in Old Brooklyn, Cleveland, OH are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $142,000 | 3.0% |
| Single Family | $142,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $126,000 | 2.4% |
3 Bed | $148,000 | 4.2% |
4 Bed | $143,000 | 2.9% |
| 5 Bed | $150,000 | 2.7% |
% of Housing Stock
Rental Trends — Old Brooklyn, Cleveland, OH
As of July '25, Rentcast reports the average rent in Old Brooklyn, Cleveland, OH is $1,210, with a year-over-year rent change of 14.2%. Per bedroom, the median rent as of July '25 in Old Brooklyn, Cleveland, OH is studios: $700, 1-bedrooms: $920, 2-bedrooms: $1,110, 3-bedrooms: $1,360, 4-bedrooms: $1,680. The most common rental property sizes in Old Brooklyn, Cleveland, OH are 2-bedroom and 1-bedroom, accounting for 34.1% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,210 |
| Studio Rent | $550 | $700 |
| 1 Bed Rent | $800 | $920 |
| 2 Bed Rent | $1,000 | $1,110 |
| 3 Bed Rent | $1,350 | $1,360 |
| 4 Bed Rent | $1,400 | $1,680 |
% of Rental Stock
Property Listings — Old Brooklyn, Cleveland, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Old Brooklyn, Cleveland, OH is 44. This is a increase of 21.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $165,000 | 5.0% |
Listing Count | 97 | 11.0% |
| Listings as % of Homes | 0.4% | 11.0% |
Days on Market | 44 | 21.0% |
Demographics — Old Brooklyn, Cleveland, OH
As of the latest ACS Survey released in 2023, Old Brooklyn, Cleveland, OH has a population of 38,100, which has decreased by -5.3% over the past 5 years. Old Brooklyn, Cleveland, OH is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,100 | -5.3% |
% Under 18 | 23.3% | -1.3% |
% Seniors | 12.2% | 3.4% |
% WFH | 6.5% | 116.7% |
% w/ College Degree | 16.5% | 17.0% |
As of the latest ACS Survey released in 2023, Old Brooklyn, Cleveland, OH is a predominantly white area, with 50.3% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Old Brooklyn, Cleveland, OH is hispanic, making up 27.6% of the population. Foreign-born residents account for 6.7% of the population in Old Brooklyn, Cleveland, OH, and this percentage has increased by 9.8% 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 | 50.3% | -7.0% |
% Black | 17.9% | 25.2% |
% Hispanic | 27.6% | -2.1% |
% Asian | 0.6% | -57.1% |
% Foreign Born | 6.7% | 9.8% |
Mortgage and Risk — Old Brooklyn, Cleveland, OH
According to HUD data as of 2023, there were 470 mortgage originations in Old Brooklyn, Cleveland, OH, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Old Brooklyn, Cleveland, OH. Investor activity is low, as 10.0% 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 | 470 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 10.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Old Brooklyn, Cleveland, OH
As of 2024, the percent of homes in Old Brooklyn, Cleveland, OH under the Section 8 program is 13.7%. 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 Old Brooklyn, 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 | 1,582 |
Total Units Section 8 | 1,494 |
% Rentals under Section 8 | 13.7% |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $800 | $830 |
| 2 Bedroom | $10 | $1,000 | $1,010 |
| 3 Bedroom | -$50 | $1,350 | $1,300 |
| 4 Bedroom | -$10 | $1,400 | $1,390 |
Affordability — Old Brooklyn, Cleveland, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $142,000 |
| Median Household Income | $43,100 |