Market Snapshot
- Median listing price
- $90K
- Median rent
- $1,100/mo
- Days on market
- 428 days
- Gross rental yield
- 14.67%
- STR vs LTR
- $2,313/mo STR · $1,100/mo LTR
The median listing price in Cleveland, OH ZIP 44108 is $89,950 as of July 2026.
The median market rent in Cleveland, OH ZIP 44108 is $1,100/month as of July 2026.
The median days on market in Cleveland, OH ZIP 44108 is 428 days as of July 2026. The market is currently neutral.
At a median list price of $89,950 and a median rent of $1,100/month, the gross rental yield in Cleveland, OH ZIP 44108 is 14.67% as of July 2026.
In Cleveland, OH ZIP 44108, median Airbnb revenue is $2,313/month compared to median long-term rent of $1,100/month as of July 2026.
Cleveland, OH 44108 Real Estate Market Report
ZIP Code: 44108
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 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 6.5%, which is higher than the 2026 low of 6.09%, indicating that property owners who secured loans earlier this year likely locked in more favorable terms.
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, the median sold price, is $90,000 — this representative recent sale level, together with a neutral market temperature, suggests stabilized valuations with modest upward momentum as actual transactions anchor local value expectations (price year-over-year trend: up).
- The median listing price is $89,950, which is closely aligned with the median sold price and indicates balanced pricing expectations between seller asks and completed transactions rather than large ask-to-sale discrepancies.
- The median days on market is 428, signaling slower transaction velocity and more pricing friction; this extended marketing period may require sellers to be flexible on terms or price to preserve liquidity in the near term.
- The median market rent is $1,100 and rent year-over-year trend is up, supporting rental demand, but elevated interest rate pressure (current average 30-year fixed ~6.5%, above the 2026 low of 6.09%) is a headwind for purchase affordability and may keep some buyers cautious — together these factors suggest mixed incentives for owner-occupiers versus renters.
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
Sold above market average
Sold above market average
Sold above market average
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, 6.49% 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: 7/10/2026
Get personalized market intelligence
Unlock deeper property intel in Cleveland, OH valuations, rent comps, operating costs, and pro-forma breakdowns.