Ohio City, Cleveland, OH—44113
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ohio City, Cleveland, OH
As of Oct '25, the median home price in Ohio City, Cleveland, OH is $296,000, with a year-over-year change of -4.0%. This indicates that home prices in Ohio City, Cleveland, OH are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $296,000 | -4.0% |
| Single Family | $317,000 | -5.1% |
| Condos | $255,000 | 0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $172,000 | 0.0% |
2 Bed | $300,000 | -3.2% |
3 Bed | $366,000 | -2.1% |
4 Bed | $285,000 | -5.6% |
| 5 Bed | $261,000 | -7.4% |
% of Housing Stock
Rental Trends — Ohio City, Cleveland, OH
As of July '25, Rentcast reports the average rent in Ohio City, Cleveland, OH is $1,780, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in Ohio City, Cleveland, OH is studios: $1,270, 1-bedrooms: $1,530, 2-bedrooms: $1,910, 3-bedrooms: $2,220, 4-bedrooms: $2,840. The most common rental property sizes in Ohio City, Cleveland, OH are 1-bedroom and 2-bedroom, accounting for 41.5% and 39.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,580 | $1,780 |
| Studio Rent | $1,280 | $1,270 |
| 1 Bed Rent | $1,500 | $1,530 |
| 2 Bed Rent | $1,900 | $1,910 |
| 3 Bed Rent | $2,000 | $2,220 |
| 4 Bed Rent | $2,590 | $2,840 |
% of Rental Stock
Property Listings — Ohio City, Cleveland, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Ohio City, Cleveland, OH is 72. This is a increase of 24.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $396,000 | 2.0% |
Listing Count | 125 | 29.0% |
| Listings as % of Homes | 0.6% | 29.0% |
Days on Market | 72 | 24.0% |
Demographics — Ohio City, Cleveland, OH
As of the latest ACS Survey released in 2023, Ohio City, Cleveland, OH has a population of 19,600, which has decreased by -3.6% over the past 5 years. Ohio City, Cleveland, OH is a less popular place for families, as children make up 8.5% of the population. The area has a highly educated workforce, with 53.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,600 | -3.6% |
% Under 18 | 8.5% | -42.2% |
% Seniors | 8.8% | 23.9% |
% WFH | 21.1% | 368.9% |
% w/ College Degree | 53.9% | 29.6% |
As of the latest ACS Survey released in 2023, Ohio City, Cleveland, OH is a predominantly white area, with 65.0% of the population identifying as white. The white population has grown by 23.1% in the last 5 years. The second most common race or ethnicity in Ohio City, Cleveland, OH is black, making up 14.5% of the population. Foreign-born residents account for 6.4% of the population in Ohio City, Cleveland, OH, and this percentage has increased by 33.3% 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 | 65.0% | 23.1% |
% Black | 14.5% | -46.3% |
% Hispanic | 13.1% | -18.1% |
% Asian | 3.0% | 114.3% |
% Foreign Born | 6.4% | 33.3% |
Mortgage and Risk — Ohio City, Cleveland, OH
According to HUD data as of 2023, there were 234 mortgage originations in Ohio City, Cleveland, OH, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Ohio City, Cleveland, OH. Investor activity is low, as 8.0% 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 | 234 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 8.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Ohio City, Cleveland, OH
As of 2024, the percent of homes in Ohio City, Cleveland, OH under the Section 8 program is 8.7%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Ohio City, Cleveland, OH, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,767 |
Total Units Section 8 | 698 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 89.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,500 | $1,490 |
| 2 Bedroom | -$90 | $1,900 | $1,810 |
| 3 Bedroom | $330 | $2,000 | $2,330 |
| 4 Bedroom | -$90 | $2,590 | $2,500 |
Affordability — Ohio City, Cleveland, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $296,000 |
| Median Household Income | $70,100 |