Market Snapshot
- Median listing price
- $200K
- Median rent
- $1,700/mo
- Days on market
- 30 days
- Gross rental yield
- 10.20%
The median listing price in Cleveland Heights, OH ZIP 44121 is $200,000 as of July 2026.
The median market rent in Cleveland Heights, OH ZIP 44121 is $1,700/month as of July 2026.
The median days on market in Cleveland Heights, OH ZIP 44121 is 30 days as of July 2026. The market is currently hot.
At a median list price of $200,000 and a median rent of $1,700/month, the gross rental yield in Cleveland Heights, OH ZIP 44121 is 10.20% as of July 2026.
Cleveland Heights, OH 44121 Real Estate Market Report
ZIP Code: 44121
Report Date: July 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Cleveland Heights, OH are approximately 6.6% compared to the 2026 year-to-date low of 5.98%, reflecting a market trend of rising borrowing costs for property owners.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood's primary market indicator is the median sold price — $186,000 — which signals realized market value from recent transactions and underpins pricing decisions for SFR and condominium sellers and appraisers.
- There is a persistent gap between the median listing price and the median sold price — $200,000 listing vs $186,000 sold — which may indicate pricing friction or seller optimism above transaction-level valuations and suggests buyers are achieving modest concessions or negotiation leverage.
- Liquidity appears relatively brisk: the median days on market is 30 days and the market is characterized as hot with a price year-over-year trend described as up, which together suggest faster turnover for move-in-ready homes despite a relatively constrained active supply in the analyzed sample.
- Market fundamentals show a median price per square foot of $119 and median market rent of $1,700; however, rent year-over-year is down and interest rate pressure is moderate (caution), which may temper investor appetite even as purchase prices trend upward.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Quick sale indicating strong buyer demand and competitive market conditions.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.55% rate, 2.4% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/19/2026
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