Cleveland Heights, Ohio Housing Market Prices
Cleveland Heights Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 17% above the Ohio median$163,355
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Median rent 18% above the Ohio median$1,215
Housing Market Overview
| Metric | Cleveland Heights | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $163,355 | $139,044 | $248,835 |
| Price Trend (Annual %) | 7.7% | 6.7% | 7.5% |
| Median Gross Rent | $1,215 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cleveland Heights is about 17% higher than in Ohio. Rent is about 18% higher than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cleveland Heights, up about 7.7% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Cleveland Heights rose about 42.0% between 2015 and 2024, from $855 to $1,215. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Cleveland Heights.
Buying the median-priced home in Cleveland Heights costs roughly 11.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cleveland Heights. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Cleveland Heights | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $163,355 | $139,044 | $248,835 |
| Median Household Income | $71,444 | $71,509 | $80,455 |
| Price-to-Income Ratio | 2.3 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cleveland Heights rose about 70.0%, while median household income rose about 41.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cleveland Heights | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.4% | 61.7% | 58.5% |
| Rental Rate | 37.8% | 30.1% | 31.2% |
| Vacancy Rate | 9.8% | 8.1% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Cleveland Heights has a homeownership rate of 52.4%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 9.8%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Cleveland Heights | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1943 | 1970 | 1978 |
| Median Number of Rooms | 6.6 | 5.9 | 5.5 |
The typical housing unit in Cleveland Heights was built around 1943. On average, 2.3 people live in a home with about 6.6 rooms, staying for about 13.0 years on average.
Cleveland Heights, OH Housing Compared With Nearby Cities
How Cleveland Heights, OH compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cleveland Heights, OH | 44,352 | $163,355 #1/3 | $1,215 #2/3 | 58.1% #3/3 |
| Shaker Heights, OH | 28,870 | $155,000 | $1,168 | 60.4% |
| South Euclid, OH | 21,544 | $135,904 | $1,367 | 81.7% |
Frequently Asked Questions
Common questions about the housing market in Cleveland Heights, Ohio.
What is the median home price in Cleveland Heights, Ohio?
The median home price in Cleveland Heights, Ohio is $163,355, higher than the Ohio average of $139,044.
What is the average home price in Cleveland Heights, Ohio?
The typical home price in Cleveland Heights, Ohio, reported as the median sale price, is $163,355. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cleveland Heights, Ohio?
The median gross rent in Cleveland Heights, Ohio is $1,215 per month, higher than the Ohio average of $1,033.
What was the median gross rent in Cleveland Heights in 2020?
In 2020, the median gross rent in Cleveland Heights, Ohio was $1,005 per month.
What is the price-to-rent ratio in Cleveland Heights, Ohio?
The price-to-rent ratio in Cleveland Heights, Ohio is about 11.2, meaning it would take roughly 11.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cleveland Heights.
Are home prices or rent rising faster in Cleveland Heights, Ohio?
Both home prices and rent are rising in Cleveland Heights, up about 7.7% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cleveland Heights, Ohio?
52.4% of households in Cleveland Heights, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Cleveland Heights, Ohio?
The housing vacancy rate in Cleveland Heights, Ohio is 9.8%, higher than the Ohio average of 8.1%.
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