Cleveland Real Estate Market 2026: A Score of 88 at $241,000

PropertyIQ has scored hundreds of U.S. metros. Very few combine an 88 out of 100 score with a sub-$250,000 median listing price and negative overvaluation.

Cleveland, Ohio is one of them.

PropertyIQ scores Cleveland an 88 out of 100 as of February 28, 2026.

The Market Is Undervalued

Cleveland is approximately 29% below fundamental value as of February 2026. The income needed to buy at current prices is approximately $64,115. The median household income is $68,507 (2023 Census). A median-income household in Cleveland can qualify to buy at median price. That is rare in 2026.

Demand Is High

Cleveland's demand score is 88.6 out of 100 as of February 2026 — one of the highest in the country. The pending-to-active ratio is 0.7442. The sale-to-list ratio is 100%: sellers receive exactly asking price.

Inventory Is Constrained

Only 2,827 homes for sale as of February 2026. New listings fell 2.44% year over year. Supply is not coming to relieve demand pressure, which is what keeps the score elevated.

The Price Picture

Prices are essentially flat year over year, down 0.21% as of February 2026. But Zillow forecasts 3.4% appreciation as of December 2025 — among the strongest near-term forecasts in the country. The 5-year home value gain is 27.02%.

The Cash Flow Angle

Average rent is approximately $1,382/month as of December 2025. With a Zillow median home value of approximately $238,501 as of January 2026, the monthly rent-to-price ratio is roughly 0.58%. Cleveland consistently appears among the top cash flow markets in national rankings for this reason.

The Caveat

Cleveland's job growth was -1.25% as of June 2025. Population decline is an ongoing concern. These factors limit appreciation upside and are why the score is 88 rather than higher. Investors should underwrite with conservative vacancy assumptions and factor in property management costs for out-of-state ownership.

PropertyIQ score as of February 28, 2026. Listing and inventory data as of February 1, 2026. Rent and forecast data as of December 2025. All data for informational purposes only.