Market Snapshot
- Median listing price
- $92K
- Median rent
- $1,150/mo
- Days on market
- 352 days
- Gross rental yield
- 14.96%
- STR vs LTR
- $2,309/mo STR · $1,150/mo LTR
The median listing price in Cleveland, OH ZIP 44108 is $92,250 as of June 2026.
The median market rent in Cleveland, OH ZIP 44108 is $1,150/month as of June 2026.
The median days on market in Cleveland, OH ZIP 44108 is 352 days as of June 2026. The market is currently neutral.
At a median list price of $92,250 and a median rent of $1,150/month, the gross rental yield in Cleveland, OH ZIP 44108 is 14.96% as of June 2026.
In Cleveland, OH ZIP 44108, median Airbnb revenue is $2,309/month compared to median long-term rent of $1,150/month as of June 2026.
Cleveland, OH 44108 Real Estate Market Report
ZIP Code: 44108
Report Date: June 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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Cleveland, OH, are averaging approximately 6.63% to 6.87% as of June 2026, reflecting a market where rates remain elevated compared to recent historical lows.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market signal is the median sold price of $86,000, which represents the most reliable indicator of realized value and recent transaction activity in 44108; this suggests pricing is supported at or near that level despite higher asking expectations. representative recent sale
- There is a notable gap between the median listing price of $92,250 and the median sold price of $86,000, which may indicate listing-side pricing friction and that sellers’ expectations exceed recent transaction levels. pricing friction
- Long time-to-contract is evident from the median days on market of 352, which points to slower sales velocity and suggests buyers are taking longer to transact even as prices show support. slower sales velocity
- Market context shows prices and rents are trending up and the market temperature is neutral, while interest rate pressure is moderate (30-year rates ~6.63%–6.87%), a combination that may keep transaction activity balanced rather than sharply favoring buyers or sellers. up
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 above market average
Sold above market average
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
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, 6.53% rate, 1.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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