East Cleveland, Ohio Real Estate & Housing Market

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East Cleveland Housing Information

Index	East Cleveland	Ohio	National
Median home price	$58,500	$131,900	$184,700
Median rent asked	$575	$743	$949
Avg. people per household	2.1	2.4	2.6
Owner occupied households	32.7%	66.0%	63.6%
Renter occupied households	67.3%	34.0%	36.4%

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

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.

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).