East Cleveland, OH Real Estate & Homes For Sale

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East Cleveland Real Estate Market Facts

$58,500Median home price
56% lower than Ohio
$575Median rent asked
23% lower than Ohio
32.7%Home owners
50% lower than Ohio
2.1People per home
11% lower than Ohio

Above, you will see a summary of real estate in East Cleveland, OH. On average, homes in East Cleveland, OH cost $58,500, a value that is 56% lower than the average in Ohio. In general terms, this results in East Cleveland, OH real estate being more affordable than Ohio real estate. On average, people who rent houses in East Cleveland, OH pay $575; this value is 23% lower than the average amount renters pay in Ohio. 32.7% of East Cleveland, OH residents own their own homes and, on average, each of the homes has 2.1 occupants. East Cleveland, OH real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in East Cleveland, OH is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

East Cleveland Home Affordability

$58,500Median home price
56% lower than Ohio
$19,953Median home income
61% lower than Ohio
2.9xHome price to income ratio
13% higher than Ohio

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in East Cleveland, OH. To estimate home affordability, one method is to use the ratio of home price to median household income. The East Cleveland, OH’s median home price stands at $58,500 while $19,953 is the value of the average household income. The resulting home price to income ratio, which is 2.9x, differs from the Ohio average as the ratio is 13% higher than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in East Cleveland, OH are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in East Cleveland, OH.

East Cleveland Affordability Calculator

You can afford a home up to:

Debt-to-income ratio

Monthly income breakdown

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Monthly payment
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Income taxes
Remainder

Are you looking for real estate in East Cleveland, OH? Be careful not to purchase a home outside of your budget. A home affordability calculator lets you input your income, down payment, and debts to figure out how much you can afford to spend on your new home. If you know further information, such as mortgage term and rate or insurance, taxes, and HOA dues, you can input that as well to get a better estimate of the total cost. The calculator will show you the maximum amount you can afford to spend on a home. With that number in mind, you can start looking for a home in East Cleveland, OH and avoid homes that don’t fit in your budget to guard yourself from an emotional, yet costly, decision. Thanks to the home affordability calculator, you can also create a stronger budget plan. Once you know your housing costs, you can figure out how much money you should spend and how much money you can save.

East Cleveland Mortgage Calculator

Your monthly payment will be:

Monthly payment breakdown

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PMI fees
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HOA dues

What will I pay monthly if I buy real estate in East Cleveland, OH? Determining the monthly payment amount of a home is based on a number of different factors. Obviously, the most significant variable is the overall price of the house, but there are also other considerations to make such as homeowners insurance, the interest rate, amount of the down payment, property taxes, private mortgage insurance (PMI), and even home owner's association dues. A great way to eliminate the PMI is by paying 20% of the cost of the house as a down payment. The mortgage calculator is filled out with default values for these variables, but they can be reset to give you a more accurate payment amount. The best rule when it comes to house payments is that you want to keep your debt to income ratio at no more than 36%. This means paying no more than 36% of your monthly income on your housse and all other debt payments.

East Cleveland Demographics

17,413Population
5,643People / sq mile
43.9Median age
0.9:1Male/Female ratio

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Linndale, OH	125	$54,000	71%
Newburgh Heights, OH	1,869	$65,700	64%
Cleveland, OH	389,165	$67,500	63%
Maple Heights, OH	22,685	$71,800	61%
Garfield Heights, OH	28,207	$73,600	60%
East Cleveland, OH	17,413	$58,500	68%

Cities with similar population

City, State	Population	Home Price	National Avg.
New Philadelphia, OH	17,412	$107,300	42%
Concord, MO	17,415	$184,700	= 100
North Canton, OH	17,422	$136,600	26%
Mattoon, IL	17,399	$80,300	57%
Santa Fe Springs, CA	17,436	$371,400	101%
East Cleveland, OH	17,413	$58,500	68%

Source: The East Cleveland, OH housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).