What is the average home price in Cleveland, MS 38732?

As of May '26, the median home price in Cleveland, MS 38732 is $141,000, based on Zillow home estimates.

How have home prices in Cleveland, MS 38732 changed over the past year?

As of May '26, home prices have decreased 5.7% over the past year, according to Zillow home estimates data.

What is the home price projection for Cleveland, MS 38732?

As of May '26, Zillow projects home prices in Cleveland, MS 38732 to decrease 4.3% in the next year.

What are the demographics of Cleveland, MS 38732?

According to the latest Census, the demographics of Cleveland, MS 38732 are 37.9% White, 54.1% Black, 1.6% Asian, 3.1% Hispanic. The population is 16,700, with 25.5% under 18 years old.

How long does it take homes to sell in Cleveland, MS 38732?

According to Realtor.com, as of May '26, the median home in Cleveland, MS 38732 is on the market for 47 days. This is a decrease of 8.0% from last year.

What is the average rent price in Cleveland, MS 38732?

The average rent price in Cleveland, MS 38732, as of the latest data, is $989. The average rent for 1 bedroom homes is $699. For 2, 3, and 4 bedroom homes, the average rent is $975, $1,500, and $1,040 respectively.

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Cleveland, MS—38732

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$141,000

5.7% YoY Growth

Household Income

$44,200

36.8% YoY Growth

Days on Market

8.0% Shorter YoY

Home Price Forecast

-4.3%

Median Rent

$950

4.1% YoY Growth

1-Bed Rent

$699

N/A

2-Bed Rent

$950

2.6% YoY Growth

3-Bed Rent

$1,500

N/A

Home Price Trends — Cleveland, MS

As of May '26, the median home price in Cleveland, MS is $141,000, with a year-over-year change of -5.7%. This indicates that home prices in Cleveland, MS are decreasing. According to Zillow, the 1-year price projection is -4.3%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$141,000	-5.7%
Single Family	$140,000	-5.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$220,000	20.0%
Listing Count	54	-22.0%
Listings as % of Homes	0.5%	-22.0%
Days on Market	47	-8.0%

Metric	Latest Census	YoY % Change
Population	16,700	-5.2%
% Under 18	25.5%	6.2%
% Seniors	14.4%	-0.7%
% WFH	2.4%	41.2%
% w/ College Degree	32.1%	15.5%

Metric	Zip Code Average
Total Loan Originations	179
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	3.0%
% Second Loans	2.0%
% Cash Out Refinance	4.0%

Total Units under HUD	521
Total Units Section 8	509
% Rentals under Section 8	N/A
% Occupied Section 8	88.1%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$51	$699	$750
2 Bedroom	$30	$950	$980
3 Bedroom	-$260	$1,500	$1,240
4 Bedroom	$260	$1,040	$1,300

Cleveland, MS—38732

Key Metrics at a Glance

Home Price Trends — Cleveland, MS

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cleveland, MS

% of Rental Stock

Property Listings — Cleveland, MS

Demographics — Cleveland, MS

Race and Ethnicity

Mortgage and Risk — Cleveland, MS

Mortgages

Rentals and Section 8 — Cleveland, MS

Section 8 Market Size

Section 8 Opportunity

Affordability — Cleveland, MS

Home Price to Income Ratio

Cleveland, MS — ZIP Code Boundary Map

Nearby ZIP Codes

Merigold, MS

Skene, MS

Mound Bayou, MS

Winstonville

Shaw, MS

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$950	$989
Studio Rent	N/A	N/A
1 Bed Rent	$699	$699
2 Bed Rent	$950	$975
3 Bed Rent	$1,500	$1,500
4 Bed Rent	$1,040	$1,040

Metric	Latest Census	5-Year % Change
% White	37.9%	-10.8%
% Black	54.1%	2.1%
% Hispanic	3.1%	19.2%
% Asian	1.6%	60.0%
% Foreign Born	3.3%	32.0%

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$141,000
Median Household Income	$44,200