Market Snapshot
- Median listing price
- $145K
- Median rent
- $1,108/mo
- Days on market
- 241 days
- Gross rental yield
- 9.17%
- STR vs LTR
- $1,122/mo STR · $1,108/mo LTR
The median listing price in Cleveland, OH ZIP 44109 is $145,000 as of June 2026.
The median market rent in Cleveland, OH ZIP 44109 is $1,108/month as of June 2026.
The median days on market in Cleveland, OH ZIP 44109 is 241 days as of June 2026. The market is currently neutral.
At a median list price of $145,000 and a median rent of $1,108/month, the gross rental yield in Cleveland, OH ZIP 44109 is 9.17% as of June 2026.
In Cleveland, OH ZIP 44109, median Airbnb revenue is $1,122/month compared to median long-term rent of $1,108/month as of June 2026.
Cleveland, OH 44109 Real Estate Market Report
ZIP Code: 44109
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
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
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 6.63%, which is 0.36% lower than the 6.89% national average observed at this time last year.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price: $129,000 is the primary indicator of recent transaction value and suggests modest price appreciation in the area, with web-index trend showing prices are up year-over-year.
- median listing price: $145,000 sits above the median sold price and may indicate a pricing gap that suggests some seller-side optimism versus completed transactions.
- median days on market: 241 is materially long and signals slower sales velocity, which may indicate pricing friction or extended negotiation timelines despite a balanced market temperature.
- median market rent: $1,108 combined with a median price per square foot of $106 reflects ongoing rent growth (rent up) and supports steady rental demand even as interest rate pressure is elevated (30-year average ~6.63%).
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 below 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, 6.53% rate, 1.8% 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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