Industrial Valley, Cleveland, OH—44127
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Industrial Valley, Cleveland, OH
As of Oct '25, the median home price in Industrial Valley, Cleveland, OH is $53,000, with a year-over-year change of -5.4%. This indicates that home prices in Industrial Valley, Cleveland, OH are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $53,000 | -5.4% |
| Single Family | $53,000 | -8.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $45,000 | -4.3% |
3 Bed | $51,000 | -10.5% |
4 Bed | $62,000 | -10.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Industrial Valley, Cleveland, OH
As of July '25, Rentcast reports the average rent in Industrial Valley, Cleveland, OH is $1,220, with a year-over-year rent change of 22.0%. Per bedroom, the median rent as of July '25 in Industrial Valley, Cleveland, OH is 1-bedrooms: $975, 2-bedrooms: $925, 3-bedrooms: $1,400, 4-bedrooms: $1,560. The most common rental property sizes in Industrial Valley, Cleveland, OH are 2-bedroom and 3-bedroom, accounting for 47.0% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $975 | $975 |
| 2 Bed Rent | $850 | $925 |
| 3 Bed Rent | $1,470 | $1,400 |
| 4 Bed Rent | $1,560 | $1,560 |
% of Rental Stock
Property Listings — Industrial Valley, Cleveland, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Industrial Valley, Cleveland, OH is 44. This is a decrease of -11.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $60,000 | -2.0% |
Listing Count | 21 | -31.0% |
| Listings as % of Homes | 0.3% | -31.0% |
Days on Market | 44 | -11.0% |
Demographics — Industrial Valley, Cleveland, OH
As of the latest ACS Survey released in 2023, Industrial Valley, Cleveland, OH has a population of 4,400, which has remained stable by 0.5% over the past 5 years. Industrial Valley, Cleveland, OH is a popular place for families, as children make up 29.6% of the population. The area has a poorly educated workforce, with 10.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,400 | 0.5% |
% Under 18 | 29.6% | 9.6% |
% Seniors | 11.5% | 18.6% |
% WFH | 10.1% | 197.1% |
% w/ College Degree | 10.4% | 48.6% |
As of the latest ACS Survey released in 2023, Industrial Valley, Cleveland, OH is a predominantly black area, with 51.9% of the population identifying as black. The black population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Industrial Valley, Cleveland, OH is white, making up 31.3% of the population. Foreign-born residents account for 6.4% of the population in Industrial Valley, Cleveland, OH, and this percentage has increased by 220.0% 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 | 31.3% | -17.0% |
% Black | 51.9% | -0.4% |
% Hispanic | 7.9% | -15.1% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 6.4% | 220.0% |
Mortgage and Risk — Industrial Valley, Cleveland, OH
According to HUD data as of 2023, there were 31 mortgage originations in Industrial Valley, Cleveland, OH, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Industrial Valley, Cleveland, OH. Investor activity is high, as 29.0% 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 | 31 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 29.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Industrial Valley, Cleveland, OH
As of 2024, the percent of homes in Industrial Valley, Cleveland, OH under the Section 8 program is 19.8%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Industrial Valley, Cleveland, OH, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 280 |
Total Units Section 8 | 230 |
% Rentals under Section 8 | 19.8% |
% Occupied Section 8 | 87.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$145 | $975 | $830 |
| 2 Bedroom | $150 | $850 | $1,000 |
| 3 Bedroom | -$170 | $1,470 | $1,300 |
| 4 Bedroom | -$180 | $1,560 | $1,380 |
Affordability — Industrial Valley, Cleveland, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $53,000 |
| Median Household Income | $33,000 |