South Euclid, Cleveland Heights, OH—44121
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Euclid, Cleveland Heights, OH
As of Oct '25, the median home price in South Euclid, Cleveland Heights, OH is $172,000, with a year-over-year change of 2.4%. This indicates that home prices in South Euclid, Cleveland Heights, OH are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $172,000 | 2.4% |
| Single Family | $172,000 | 1.8% |
| Condos | $152,000 | 8.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $139,000 | 4.5% |
3 Bed | $170,000 | 2.4% |
4 Bed | $202,000 | 1.5% |
| 5 Bed | $248,000 | 2.1% |
% of Housing Stock
Rental Trends — South Euclid, Cleveland Heights, OH
As of July '25, Rentcast reports the average rent in South Euclid, Cleveland Heights, OH is $1,520, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in South Euclid, Cleveland Heights, OH is 1-bedrooms: $924, 2-bedrooms: $1,080, 3-bedrooms: $1,730, 4-bedrooms: $1,760. The most common rental property sizes in South Euclid, Cleveland Heights, OH are 2-bedroom and 3-bedroom, accounting for 34.7% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $924 |
| 2 Bed Rent | $1,080 | $1,080 |
| 3 Bed Rent | $1,650 | $1,730 |
| 4 Bed Rent | $1,790 | $1,760 |
% of Rental Stock
Property Listings — South Euclid, Cleveland Heights, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in South Euclid, Cleveland Heights, OH is 60. This is a increase of 28.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $190,000 | 8.0% |
Listing Count | 148 | -4.0% |
| Listings as % of Homes | 0.8% | -4.0% |
Days on Market | 60 | 28.0% |
Demographics — South Euclid, Cleveland Heights, OH
As of the latest ACS Survey released in 2023, South Euclid, Cleveland Heights, OH has a population of 32,700, which has decreased by -1.6% over the past 5 years. South Euclid, Cleveland Heights, OH is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 41.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,700 | -1.6% |
% Under 18 | 21.8% | -4.4% |
% Seniors | 17.3% | 12.3% |
% WFH | 15.0% | 368.8% |
% w/ College Degree | 41.2% | 9.3% |
As of the latest ACS Survey released in 2023, South Euclid, Cleveland Heights, OH is a predominantly black area, with 56.0% of the population identifying as black. The black population has grown by 7.9% in the last 5 years. The second most common race or ethnicity in South Euclid, Cleveland Heights, OH is white, making up 35.7% of the population. Foreign-born residents account for 4.9% of the population in South Euclid, Cleveland Heights, OH, and this percentage has decreased by 12.5% 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 | 35.7% | -5.1% |
% Black | 56.0% | 7.9% |
% Hispanic | 2.9% | -6.5% |
% Asian | 2.2% | -12.0% |
% Foreign Born | 4.9% | -12.5% |
Mortgage and Risk — South Euclid, Cleveland Heights, OH
According to HUD data as of 2023, there were 626 mortgage originations in South Euclid, Cleveland Heights, OH, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in South Euclid, Cleveland Heights, OH. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 626 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — South Euclid, Cleveland Heights, OH
As of 2024, the percent of homes in South Euclid, Cleveland Heights, OH under the Section 8 program is 21.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In South Euclid, Cleveland Heights, OH, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 880 |
Total Units Section 8 | 845 |
% Rentals under Section 8 | 21.2% |
% Occupied Section 8 | 86.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $205 | $895 | $1,100 |
| 2 Bedroom | $260 | $1,080 | $1,340 |
| 3 Bedroom | $70 | $1,650 | $1,720 |
| 4 Bedroom | $60 | $1,790 | $1,850 |
Affordability — South Euclid, Cleveland Heights, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $172,000 |
| Median Household Income | $75,600 |