Downtown, Cleveland, OH—44114
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Cleveland, OH
As of Oct '25, the median home price in Downtown, Cleveland, OH is $226,000, with a year-over-year change of -0.6%. This indicates that home prices in Downtown, Cleveland, OH are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $226,000 | -0.6% |
| Single Family | $136,000 | -13.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Cleveland, OH
As of July '25, Rentcast reports the average rent in Downtown, Cleveland, OH is $1,730, with a year-over-year rent change of -2.8%. Per bedroom, the median rent as of July '25 in Downtown, Cleveland, OH is studios: $1,090, 1-bedrooms: $1,560, 2-bedrooms: $2,290, 3-bedrooms: $2,500. The most common rental property sizes in Downtown, Cleveland, OH are 1-bedroom and 2-bedroom, accounting for 47.5% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,560 | $1,730 |
| Studio Rent | $985 | $1,090 |
| 1 Bed Rent | $1,510 | $1,560 |
| 2 Bed Rent | $2,200 | $2,290 |
| 3 Bed Rent | $2,650 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown, Cleveland, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Cleveland, OH is 90. This is a increase of 6.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $512,000 | -1.0% |
Listing Count | 10 | -18.0% |
| Listings as % of Homes | 0.5% | -18.0% |
Days on Market | 90 | 6.0% |
Demographics — Downtown, Cleveland, OH
As of the latest ACS Survey released in 2023, Downtown, Cleveland, OH has a population of 7,470, which has increased by 13.8% over the past 5 years. Downtown, Cleveland, OH is a less popular place for families, as children make up 7.0% of the population. The area has a highly educated workforce, with 47.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,470 | 13.8% |
% Under 18 | 7.0% | 100.0% |
% Seniors | 11.2% | 17.9% |
% WFH | 13.6% | 231.7% |
% w/ College Degree | 47.2% | 33.7% |
As of the latest ACS Survey released in 2023, Downtown, Cleveland, OH is a predominantly white area, with 37.7% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Downtown, Cleveland, OH is black, making up 28.2% of the population. Foreign-born residents account for 27.6% of the population in Downtown, Cleveland, OH, and this percentage has decreased by 14.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 37.7% | -0.5% |
% Black | 28.2% | 0.0% |
% Hispanic | 7.1% | 73.2% |
% Asian | 24.5% | 7.5% |
% Foreign Born | 27.6% | -14.3% |
Mortgage and Risk — Downtown, Cleveland, OH
According to HUD data as of 2023, there were 2 mortgage originations in Downtown, Cleveland, OH, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Downtown, Cleveland, OH. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 50.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Downtown, Cleveland, OH
Downtown, Cleveland, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 714 |
Total Units Section 8 | 680 |
% Rentals under Section 8 | 18.3% |
% Occupied Section 8 | 88.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,510 | $1,370 |
| 2 Bedroom | -$540 | $2,200 | $1,660 |
| 3 Bedroom | -$520 | $2,650 | $2,130 |
| 4 Bedroom | N/A | N/A | $2,290 |
Affordability — Downtown, Cleveland, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $226,000 |
| Median Household Income | $45,400 |