West Boulevard, Cleveland, OH—44111
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Boulevard, Cleveland, OH
As of Oct '25, the median home price in West Boulevard, Cleveland, OH is $156,000, with a year-over-year change of 2.5%. This indicates that home prices in West Boulevard, Cleveland, OH are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $156,000 | 2.5% |
| Single Family | $156,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $125,000 | 0.8% |
3 Bed | $161,000 | 3.2% |
4 Bed | $192,000 | 4.3% |
| 5 Bed | $216,000 | 4.9% |
% of Housing Stock
Rental Trends — West Boulevard, Cleveland, OH
As of July '25, Rentcast reports the average rent in West Boulevard, Cleveland, OH is $1,210, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in West Boulevard, Cleveland, OH is studios: $770, 1-bedrooms: $841, 2-bedrooms: $1,080, 3-bedrooms: $1,700, 4-bedrooms: $1,860. The most common rental property sizes in West Boulevard, Cleveland, OH are 2-bedroom and 1-bedroom, accounting for 42.9% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,210 |
| Studio Rent | $700 | $770 |
| 1 Bed Rent | $805 | $841 |
| 2 Bed Rent | $1,100 | $1,080 |
| 3 Bed Rent | $1,550 | $1,700 |
| 4 Bed Rent | $2,000 | $1,860 |
% of Rental Stock
Property Listings — West Boulevard, Cleveland, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in West Boulevard, Cleveland, OH is 37. This is a increase of 17.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $180,000 | -6.0% |
Listing Count | 104 | 17.0% |
| Listings as % of Homes | 0.5% | 17.0% |
Days on Market | 37 | 17.0% |
Demographics — West Boulevard, Cleveland, OH
As of the latest ACS Survey released in 2023, West Boulevard, Cleveland, OH has a population of 40,000, which has decreased by -6.7% over the past 5 years. West Boulevard, Cleveland, OH is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,000 | -6.7% |
% Under 18 | 22.1% | -3.5% |
% Seniors | 12.0% | -1.6% |
% WFH | 11.3% | 352.0% |
% w/ College Degree | 24.5% | 33.2% |
As of the latest ACS Survey released in 2023, West Boulevard, Cleveland, OH is a predominantly white area, with 58.7% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in West Boulevard, Cleveland, OH is hispanic, making up 19.7% of the population. Foreign-born residents account for 9.4% of the population in West Boulevard, Cleveland, OH, and this percentage has increased by 14.6% 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 | 58.7% | -0.8% |
% Black | 15.7% | -1.3% |
% Hispanic | 19.7% | 15.2% |
% Asian | 1.7% | -51.4% |
% Foreign Born | 9.4% | 14.6% |
Mortgage and Risk — West Boulevard, Cleveland, OH
According to HUD data as of 2023, there were 680 mortgage originations in West Boulevard, Cleveland, OH, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in West Boulevard, Cleveland, OH. Investor activity is low, as 6.0% 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 | 680 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — West Boulevard, Cleveland, OH
As of 2024, the percent of homes in West Boulevard, Cleveland, OH under the Section 8 program is 10.0%. 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 units appear to be good home sizes to consider for Section 8 housing in West Boulevard, Cleveland, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 719 |
Total Units Section 8 | 647 |
% Rentals under Section 8 | 10.0% |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $805 | $910 |
| 2 Bedroom | $0 | $1,100 | $1,100 |
| 3 Bedroom | -$140 | $1,550 | $1,410 |
| 4 Bedroom | -$480 | $2,000 | $1,520 |
Affordability — West Boulevard, Cleveland, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $156,000 |
| Median Household Income | $54,800 |