Central, Cleveland, OH—44115
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Central, Cleveland, OH
As of Oct '25, the median home price in Central, Cleveland, OH is $162,000, with a year-over-year change of -0.6%. This indicates that home prices in Central, Cleveland, OH are flat. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $162,000 | -0.6% |
| Single Family | $150,000 | 0.7% |
| 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 | $149,000 | 3.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Central, Cleveland, OH
As of July '25, Rentcast reports the average rent in Central, Cleveland, OH is $1,520, with a year-over-year rent change of -13.1%. Per bedroom, the median rent as of July '25 in Central, Cleveland, OH is studios: $1,230, 1-bedrooms: $1,300, 2-bedrooms: $1,850, 3-bedrooms: $2,000. The most common rental property sizes in Central, Cleveland, OH are 1-bedroom and 2-bedroom, accounting for 43.9% and 20.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,520 |
| Studio Rent | $1,280 | $1,230 |
| 1 Bed Rent | $1,330 | $1,300 |
| 2 Bed Rent | $1,750 | $1,850 |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Central, Cleveland, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Central, Cleveland, OH is 25. This is a decrease of -69.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $274,000 | 116.0% |
Listing Count | 7 | -48.0% |
| Listings as % of Homes | 0.0% | -48.0% |
Days on Market | 25 | -69.0% |
Demographics — Central, Cleveland, OH
As of the latest ACS Survey released in 2023, Central, Cleveland, OH has a population of 10,400, which has increased by 25.4% over the past 5 years. Central, Cleveland, OH is a popular place for families, as children make up 27.2% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,400 | 25.4% |
% Under 18 | 27.2% | -8.4% |
% Seniors | 4.6% | 7.0% |
% WFH | 10.9% | 445.0% |
% w/ College Degree | 34.0% | 27.8% |
As of the latest ACS Survey released in 2023, Central, Cleveland, OH is a predominantly black area, with 54.1% of the population identifying as black. The black population has shrunk by 21.7% in the last 5 years. The second most common race or ethnicity in Central, Cleveland, OH is white, making up 23.6% of the population. Foreign-born residents account for 9.2% of the population in Central, Cleveland, OH, and this percentage has increased by 64.3% 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 | 23.6% | 10.8% |
% Black | 54.1% | -21.7% |
% Hispanic | 14.2% | 273.7% |
% Asian | 4.8% | 29.7% |
% Foreign Born | 9.2% | 64.3% |
Mortgage and Risk — Central, Cleveland, OH
According to HUD data as of 2023, there were 18 mortgage originations in Central, Cleveland, OH, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Central, Cleveland, OH. Investor activity is low, as 11.0% 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 | 18 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 11.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Central, Cleveland, OH
Central, Cleveland, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2,229 |
Total Units Section 8 | 1,726 |
% Rentals under Section 8 | 35.6% |
% Occupied Section 8 | 92.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,330 | $1,140 |
| 2 Bedroom | -$370 | $1,750 | $1,380 |
| 3 Bedroom | -$230 | $2,000 | $1,770 |
| 4 Bedroom | N/A | N/A | $1,900 |
Affordability — Central, Cleveland, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $162,000 |
| Median Household Income | $21,300 |