Puritas-Longmead, Cleveland, OH—44135
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Puritas-Longmead, Cleveland, OH
As of Oct '25, the median home price in Puritas-Longmead, Cleveland, OH is $152,000, with a year-over-year change of 5.2%. This indicates that home prices in Puritas-Longmead, Cleveland, OH are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $152,000 | 5.2% |
| Single Family | $152,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $120,000 | 3.4% |
3 Bed | $161,000 | 5.2% |
4 Bed | $175,000 | 5.4% |
| 5 Bed | $192,000 | 5.5% |
% of Housing Stock
Rental Trends — Puritas-Longmead, Cleveland, OH
As of July '25, Rentcast reports the average rent in Puritas-Longmead, Cleveland, OH is $1,150, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in Puritas-Longmead, Cleveland, OH is studios: $844, 1-bedrooms: $814, 2-bedrooms: $1,110, 3-bedrooms: $1,450, 4-bedrooms: $1,640. The most common rental property sizes in Puritas-Longmead, Cleveland, OH are 2-bedroom and 3-bedroom, accounting for 35.1% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,150 |
| Studio Rent | $725 | $844 |
| 1 Bed Rent | $775 | $814 |
| 2 Bed Rent | $1,100 | $1,110 |
| 3 Bed Rent | $1,350 | $1,450 |
| 4 Bed Rent | $1,550 | $1,640 |
% of Rental Stock
Property Listings — Puritas-Longmead, Cleveland, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Puritas-Longmead, Cleveland, OH is 47. This is a increase of 9.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $158,000 | -3.0% |
Listing Count | 77 | 0.0% |
| Listings as % of Homes | 0.6% | 0.0% |
Days on Market | 47 | 9.0% |
Demographics — Puritas-Longmead, Cleveland, OH
As of the latest ACS Survey released in 2023, Puritas-Longmead, Cleveland, OH has a population of 27,600, which has remained stable by -0.2% over the past 5 years. Puritas-Longmead, Cleveland, OH is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 18.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,600 | -0.2% |
% Under 18 | 23.2% | 4.5% |
% Seniors | 14.4% | 2.1% |
% WFH | 11.2% | 409.1% |
% w/ College Degree | 18.1% | 17.5% |
As of the latest ACS Survey released in 2023, Puritas-Longmead, Cleveland, OH is a predominantly white area, with 53.4% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Puritas-Longmead, Cleveland, OH is hispanic, making up 20.9% of the population. Foreign-born residents account for 7.8% of the population in Puritas-Longmead, Cleveland, OH, and this percentage has decreased by 16.1% 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 | 53.4% | -3.8% |
% Black | 16.0% | -30.4% |
% Hispanic | 20.9% | 46.2% |
% Asian | 4.1% | -2.4% |
% Foreign Born | 7.8% | -16.1% |
Mortgage and Risk — Puritas-Longmead, Cleveland, OH
According to HUD data as of 2023, there were 541 mortgage originations in Puritas-Longmead, Cleveland, OH, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Puritas-Longmead, Cleveland, OH. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 541 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Puritas-Longmead, Cleveland, OH
As of 2024, the percent of homes in Puritas-Longmead, Cleveland, OH under the Section 8 program is 20.4%. 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 Puritas-Longmead, Cleveland, 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 | 1,554 |
Total Units Section 8 | 1,502 |
% Rentals under Section 8 | 20.4% |
% Occupied Section 8 | 89.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $215 | $775 | $990 |
| 2 Bedroom | $100 | $1,100 | $1,200 |
| 3 Bedroom | $190 | $1,350 | $1,540 |
| 4 Bedroom | $110 | $1,550 | $1,660 |
Affordability — Puritas-Longmead, Cleveland, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $152,000 |
| Median Household Income | $48,900 |