Market Overview
Home Prices in Cleveland, MS
The median home value in Cleveland, MS is $141,309 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.7% compared to a year ago and down 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cleveland are priced66% below average. Cleveland is part of the Cleveland, MS metro area.
Over the past five years, Cleveland home values have fallen by approximately8.9%, reflecting softening conditions in this market.
Price History
Cleveland Home Price Trend
City Comparison
Cleveland vs. National Median
At $141,309, homes in Cleveland cost 66% below the national median of $410,000. This makes Cleveland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cleveland?
20% Down Payment
$28,262
on $141,309
Monthly P&I
$737/mo
30-yr @ 6.8%
Total Monthly Est.
~$936/mo
incl. taxes & insurance
Income Needed
$37,440
gross annual (30% rule)
10% Down Option
$14,131
+ PMI applies
Loan Amount (20% dn)
$113,047
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cleveland, MS?
The median home value in Cleveland is $141,309 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.7% year-over-year.
How much have home prices changed in Cleveland?
Over the past year, home values in Cleveland have decreased by 5.7%. Over five years, prices have fallen approximately 8.9%.
How much do I need to earn to buy a home in Cleveland?
To comfortably afford the median home price of $141,309 with a 20% down payment ($28,262) at today's rates (6.8%), you'd need a gross annual income of approximately $37,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Cleveland compare to the national average home price?
The national median home value is approximately $410,000. At $141,309, homes in Cleveland are 66% below the national average.
What metro area is Cleveland part of?
Cleveland is part of the Cleveland, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.