Market Snapshot
- Median listing price
- $118K
- Median rent
- $1,300/mo
- Days on market
- 231 days
- Gross rental yield
- 13.28%
- STR vs LTR
- $1,226/mo STR · $1,300/mo LTR
The median listing price in Cleveland, OH ZIP 44128 is $117,500 as of June 2026.
The median market rent in Cleveland, OH ZIP 44128 is $1,300/month as of June 2026.
The median days on market in Cleveland, OH ZIP 44128 is 231 days as of June 2026. The market is currently hot.
At a median list price of $117,500 and a median rent of $1,300/month, the gross rental yield in Cleveland, OH ZIP 44128 is 13.28% as of June 2026.
In Cleveland, OH ZIP 44128, median Airbnb revenue is $1,226/month compared to median long-term rent of $1,300/month as of June 2026.
Cleveland, OH 44128 Real Estate Market Report
ZIP Code: 44128
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 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.
Key Findings
- The neighborhood's median sold price is 104,500, which should be treated as the primary indicator of realized market value and recent transaction activity; despite a higher median listing price of 117,500, this pricing gap suggests pricing friction between seller expectations and closed transactions and may indicate selective negotiation or staged pricing strategies.
- Recent indicators show the market is hot and prices are trending up, with the price year-over-year trend labeled up; combined with a hot market temperature, this suggests sustained upward pressure on realized prices even as asking prices run ahead of sales.
- Liquidity signals are mixed: the median days on market is 231, which points to slower sales velocity and extended marketing time for closed deals; this longer time-to-close may indicate more selective buyer behavior or transaction friction despite upward price momentum.
- Rental and macro pressure context: the median market rent is 1,300 and rent year-over-year trend is up, while interest rate pressure is elevated; investors and owner-occupiers should weigh improving rent income against affordability headwinds from higher rates.
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, 6.50% 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
Get personalized market intelligence
Unlock deeper property intel in Cleveland, OH valuations, rent comps, operating costs, and pro-forma breakdowns.