Cleveland, TX—77328
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cleveland, TX
Cleveland, TX lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $260,000 | 0.9% |
| Single Family | $260,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $221,000 | 2.8% |
3 Bed | $244,000 | -1.2% |
4 Bed | $287,000 | -0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cleveland, TX
As of July '25, Rentcast reports the average rent in Cleveland, TX is $1,850, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Cleveland, TX is 1-bedrooms: $1,250, 2-bedrooms: $1,300, 3-bedrooms: $1,780, 4-bedrooms: $2,040. The most common rental property sizes in Cleveland, TX are 3-bedroom and 2-bedroom, accounting for 51.0% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,250 |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $1,700 | $1,780 |
| 4 Bed Rent | $1,940 | $2,040 |
% of Rental Stock
Property Listings — Cleveland, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Cleveland, TX is 51. This is a decrease of -20.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $279,000 | 0.0% |
Listing Count | 111 | -3.0% |
| Listings as % of Homes | 1.1% | -3.0% |
Days on Market | 51 | -20.0% |
Demographics — Cleveland, TX
As of the latest ACS Survey released in 2023, Cleveland, TX has a population of 17,800, which has increased by 11.9% over the past 5 years. Cleveland, TX is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 9.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,800 | 11.9% |
% Under 18 | 24.5% | -14.3% |
% Seniors | 14.9% | 3.5% |
% WFH | 6.0% | 122.2% |
% w/ College Degree | 9.8% | -3.0% |
As of the latest ACS Survey released in 2023, Cleveland, TX is a predominantly white area, with 61.2% of the population identifying as white. The white population has shrunk by 17.5% in the last 5 years. The second most common race or ethnicity in Cleveland, TX is hispanic, making up 33.3% of the population. Foreign-born residents account for 17.9% of the population in Cleveland, TX, and this percentage has increased by 86.5% 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 | 61.2% | -17.5% |
% Black | 2.4% | 60.0% |
% Hispanic | 33.3% | 48.7% |
% Asian | 0.9% | 200.0% |
% Foreign Born | 17.9% | 86.5% |
Mortgage and Risk — Cleveland, TX
According to HUD data as of 2023, there were 224 mortgage originations in Cleveland, TX, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Cleveland, TX. Investor activity is low, as 1.0% 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 | 224 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Cleveland, TX
As of 2024, the percent of homes in Cleveland, TX under the Section 8 program is 0.0%. 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. In Cleveland, TX, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$240 | $1,250 | $1,010 |
| 2 Bedroom | -$120 | $1,300 | $1,180 |
| 3 Bedroom | -$130 | $1,700 | $1,570 |
| 4 Bedroom | -$90 | $1,940 | $1,850 |
Affordability — Cleveland, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $260,000 |
| Median Household Income | $57,700 |