Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cleveland, Ohio.
Pre-filled with Cleveland median home price and Ohio tax/insurance rates. Adjust for your property.
Estimated closing costs based on Ohio rates and fees applied to Cleveland prices.
The median home price in Cleveland is $115,000, 47% below the Ohio state median of $215,000. With a population of 372,624, Cleveland is a mid-size city where home prices tend to be more accessible than in many parts of Ohio.
Property taxes in Ohio average 1.56% annually. This higher-than-average tax rate means a $115,000 home in Cleveland would carry roughly $150/month in property taxes alone — plan accordingly. Homeowners insurance in Ohio runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Cleveland is $950/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Cleveland over the long term.
Cleveland offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Ohio's OHFA Grants for Grads program.