Cleveland, NC—27013
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cleveland, NC
As of Nov '25, the median home price in Cleveland, NC is $301,000, with a year-over-year change of 0.9%. This indicates that home prices in Cleveland, NC 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 | $301,000 | 0.9% |
| Single Family | $302,000 | 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 | $327,000 | 2.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cleveland, NC
As of July '25, Rentcast reports the average rent in Cleveland, NC is $1,820, with a year-over-year rent change of 9.0%. Per bedroom, the median rent as of July '25 in Cleveland, NC is 1-bedrooms: $1,800, 3-bedrooms: $1,820. The most common rental property sizes in Cleveland, NC are 2-bedroom and 3-bedroom, accounting for 62.0% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,800 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,800 | $1,820 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cleveland, NC
As of Nov '25, Realtor.com reports that the median days on market for a home in Cleveland, NC is 135. This is a increase of 68.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $455,000 | 22.0% |
Listing Count | 19 | 37.0% |
| Listings as % of Homes | 0.4% | 37.0% |
Days on Market | 135 | 68.0% |
Demographics — Cleveland, NC
As of the latest ACS Survey released in 2023, Cleveland, NC has a population of 6,980, which has increased by 13.7% over the past 5 years. Cleveland, NC is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 15.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,980 | 13.7% |
% Under 18 | 24.1% | 2.6% |
% Seniors | 14.0% | -0.7% |
% WFH | 7.4% | 196.0% |
% w/ College Degree | 15.4% | 12.4% |
As of the latest ACS Survey released in 2023, Cleveland, NC is a predominantly white area, with 72.7% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Cleveland, NC is black, making up 16.8% of the population. Foreign-born residents account for 5.2% of the population in Cleveland, NC, and this percentage has increased by 44.4% 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 | 72.7% | -0.1% |
% Black | 16.8% | -13.8% |
% Hispanic | 7.5% | 56.2% |
% Asian | 1.4% | 180.0% |
% Foreign Born | 5.2% | 44.4% |
Mortgage and Risk — Cleveland, NC
According to HUD data as of 2023, there were 45 mortgage originations in Cleveland, NC, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Cleveland, NC. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 45 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Rentals and Section 8 — Cleveland, NC
Cleveland, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$830 | $1,800 | $970 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | -$310 | $1,800 | $1,490 |
| 4 Bedroom | N/A | N/A | $1,850 |
Affordability — Cleveland, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $301,000 |
| Median Household Income | $67,400 |