Español

Este sitio también está en español. Leer en español

City · 10,623 residents · Bolivar County, Mississippi

Cleveland , Mississippi

In Cleveland, a typical home is worth $159,300 and typical rent is $943 a month. Compared with all of Bolivar County, typical rent is 38% higher and the typical home value is 23% higher.

WhatsApp

  • Typical home value

    $159,300

    23% above the county

    6% below Mississippi

    • Cleveland
    • Bolivar
    • Mississippi

  • Typical rent

    $943a month

    38% above the county

    About the same as Mississippi

    • Cleveland
    • Bolivar
    • Mississippi

  • Typical household income

    $44,074a year

    11% above the county

    22% below Mississippi

    • Cleveland
    • Bolivar
    • Mississippi

  • Households that own their home

    67%

    4 points above the county

    3 points below Mississippi

    • Cleveland
    • Bolivar
    • Mississippi

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$138,635
3.7% less than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Cleveland is in Bolivar County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Bolivar County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Cleveland apart

What this place has that others do not, from public data, most unusual first.

  1. Cleveland has the largest share of rent-burdened renters of the 63 cities in Mississippi with more than 5,000 people: 68%.

  2. Nearby, in Clarksdale, the typical home value is $83,900: 47% less than in Cleveland ($159,300).

  3. The typical rent in Cleveland is $943 a month, 38% more than in Bolivar County as a whole ($685).

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Cleveland fell 3.7%; in Mississippi, it rose 2.2%.

  5. Nearby, in Greenwood, the typical rent is $678: 28% less than in Cleveland ($943).

  6. The typical home in Cleveland is worth $159,300, 23% more than in Bolivar County as a whole ($130,000).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Cleveland

What homes there are in Cleveland, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Cleveland: 77% of homes, more than in Bolivar County (72%).

Year built

The typical year built in Cleveland is 1974, about the same as in Bolivar County (1977).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,247 a month

Bolivar County: $1,250 a month

Without a mortgage

$467 a month

Bolivar County: $453 a month

Owners with a mortgage

56%

Bolivar County: 47%

The typical cost for an owner with a mortgage in Cleveland is $1,247 a month, near the figure in Bolivar County ($1,250).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Cleveland rose 24%; in Bolivar County, it rose 35%.

The typical rent in Cleveland stayed about the same over that time: the difference is within the Census margin of error.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureClevelandBolivar CountyMississippiUnited States
Rental vacancy Unreliable estimateUnreliable estimate8.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate3.5%2.2%3.4%
People per household 2.272.352.492.53
Drive alone 86%86%82%69%
Carpool 11%10%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimateUnreliable estimate1%3%
Work from home Unreliable estimate2%6%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Much as in Bolivar County, a household in Cleveland has 2.27 people on average.

The car rules in Cleveland: 86% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Cleveland?

A typical home is tight for the typical income

We start with a typical home in Cleveland, worth $159,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in Cleveland, which is $44,074 a year. For that payment to be 28% of income, a household would need to earn about $55,486 a year.

The calculator's FHA and conventional loan limits are those of all of Bolivar County.

Your numbers

Local data
$

Starts at the typical home value in Cleveland. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,576 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,295

at 7.18% · 30 years

Loan amount
$156,414
Total interest
$225,043
Paid off in
November 2056

Includes $2,690 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,028 a month

  • Tight

    $1,028 to $1,322 a month

    Your payment · 35%

  • Hard

    more than $1,322 a month

Compared with the typical household income in Cleveland ($44,074 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,295
Principal & interest$1,060
Property tax$98
Home insurance$66
FHA mortgage insurance (MIP)$70

You need at least $5,576 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Cleveland and Bolivar County

Cleveland is in Bolivar County, Mississippi. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Cleveland's own numbers

Typical home value
$159,300
Typical monthly rent
$943
Typical yearly household income
$44,074
Households that own their home
67%
Effective property tax rate
0.74%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Bolivar County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$905
Price change over 5 years (FHFA)
+28%
Homes in a high flood-risk zone
12%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Bolivar County.

Everything about Bolivar County

Buying

Buying a home in Cleveland

A typical home in Cleveland is worth $159,300: 23% above the county and 6% below Mississippi. With the typical household income in Cleveland ($44,074 a year), a typical home costs 3.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Cleveland 3.6 years
  • Bolivar 3.3 years
  • Mississippi 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Bolivar County

According to FHFA’s house price index, home prices in Bolivar County rose 40% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Bolivar County.

Period County Mississippi U.S.
Last year (2025) +1.1% +3.5% +2.9%
5 years (2020–2025) +28% +42% +47%
10 years (2015–2025) +40% +62% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Cleveland next to Bolivar County, Mississippi and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Cleveland $159,300
  • Bolivar $130,000
  • Mississippi $169,800
  • United States $332,700
Typical monthly rent
  • Cleveland $943
  • Bolivar $685
  • Mississippi $954
  • United States $1,413
Typical yearly household income
  • Cleveland $44,074
  • Bolivar $39,585
  • Mississippi $56,447
  • United States $80,734
See the full table
Cleveland next to Bolivar County and Mississippi
Measure Cleveland Bolivar County Mississippi U.S.
Typical home value $159,300 $130,000 $169,800 $332,700
Typical monthly rent $943 $685 $954 $1,413
Typical yearly household income $44,074 $39,585 $56,447 $80,734
Households that own their home 67% 63% 70% 65%
Typical yearly property tax $1,185 $950 $1,215 $3,119
Effective property tax rate 0.74% 0.73% 0.72% 0.94%
Renters with high rent for their income 68% 58% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Bolivar County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Cleveland

For a typical $159,300 home in Cleveland, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cleveland's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,295a month

    Least cash to close
    Down payment
    $5,576
    Cash to close
    $10,355
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $70

  • Conventional, 5% down $1,265a month

    Down payment
    $7,965
    Cash to close
    $12,744
    Rate
    7.18%
    Mortgage insurance
    PMI · $76

  • Conventional, 20% down, no PMI $1,028a month

    Down payment
    $31,860
    Cash to close
    $36,639
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,175a month

    Down payment
    $23,895
    Cash to close
    $28,674
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Cleveland and for Bolivar County.

Property tax

Effective rate in Cleveland

0.74%of the home’s value each year

$1,185 a year for the typical owner in Cleveland.

  • Cleveland 0.74%
  • Bolivar 0.73%
  • Mississippi 0.72%

What Mississippi publishes Regular homestead exemption (Tier 1) (Mississippi Department of Revenue)

Exemptions and deadlines in Mississippi

Flood risk in Bolivar County

FEMA does not publish these numbers by city: they are for all of Bolivar County.

Homes in the high-risk zone
12%
1,899
Of those, with NFIP insurance
15%
County Mississippi U.S.
Homes in the high-risk zone 12% 7.6% 3.5%
Of those, with NFIP insurance 15% 33% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Cleveland

Typical rent in Cleveland is $943 a month: 38% above the county. In Cleveland, 68% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Bolivar County, by unit size. To pay the 2-bedroom one ($905 a month) without spending more than 30% of your income, you would need to earn $17.40 an hour working full time.

HUD fair market rent for all of Bolivar County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $687 $13.21 $27,480
1 bedroom $692 $13.31 $27,680
2 bedrooms $905 $17.40 $36,200
3 bedrooms $1,185 $22.79 $47,400
4 bedrooms $1,189 $22.87 $47,560

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Cleveland

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cleveland has 2 ZIP codes with their own.

For 2 bedrooms it is $960 in all of them.

2 of the 2 are above the fair market rent for Bolivar County ($905).

  • 38732 $960$1,260
  • 38733 $960$1,260

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Cleveland when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Cleveland

HUD lists 13 buildings with rents for lower incomes in Cleveland. These are the largest.

  • Sunset Village 900 White St, Cleveland 38732 136 low-income homes · For families (662) 843-9823
  • Eastgate Redevelopment 1100 Cross St, Cleveland 38732 116 low-income homes · 3 bd: 53 · 4 bd: 63 · In service since 2018
  • Camellia Apartments 1300 Cross St, Cleveland 38732 72 low-income homes · 1 bd: 60 · 2 bd: 12 · In service since 2018 · For older adults (601) 843-9933
  • Carpenter Estates 312 W Carpenter St, Cleveland 38732 72 low-income homes · 2 bd: 40 · 3 bd: 32 · In service since 2005 · For people with disabilities, families
  • Bolivar Homes 1009 Elm St, Cleveland 38732 65 low-income homes · 3 bd: 65 · In service since 2008

See all 28 buildings in Bolivar County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Cleveland

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Bolivar County. The nearest ones are below; many serve by phone or online.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Cleveland

No down payment, repair or rent-help program on our list is for Cleveland or Bolivar County. The ones below are statewide in Mississippi: they work in Cleveland the same as in the rest of the state.

Which programs do I qualify for? All programs in Mississippi

  • Smart7 Mortgage Program

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $7,000 for the down payment or closing costs as a 0% second mortgage, repaid when you sell, refinance, stop living in the home or pay off the mortgage; no first-time buyer requirement. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Easy8

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $8,000 at 0% as a second mortgage for the down payment, closing costs or prepaid expenses, repaid when you sell, refinance, stop living in the home or pay off the mortgage; for first-time buyers, except in designated areas and for veterans. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Home4All

    Statewide in Mississippi

    Mississippi state corporation forgivable grant, with federal HOME funds, of up to $25,000 for the down payment, closing costs or to reduce the principal; for first-time buyers with incomes under 80% of the area median and a fixed-rate mortgage; if you sell before 5 or 10 years (depending on the amount), you may repay part of it. Offered by Mississippi Home Corporation (MHC).

    Grant

    See the program Official page

Housing counselors near Cleveland

The HUD-approved agencies closest to the center of Cleveland, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Southern Bancorp Community Partners

    875 S State St, Clarksdale · 32 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    662-624-5776-3112

  • Tunica Co. Community Dev. Coalition

    1097 Antioch St, Tunica · 68 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (662) 357-5990

  • North Mississippi Rural Legal Services

    493 Ryland Way, Oxford · 83 miles away · Spanish

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 2 more
    (662) 234-8731

All counseling agencies in Mississippi

Help in Spanish near Cleveland

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Cleveland

In HUD’s record, no housing authority with an office in Bolivar County is named for Cleveland or Bolivar County.

2 other authorities have an office in Bolivar County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Cleveland, with the typical home value.

Everything about Bolivar County Housing in Mississippi

Neighboring counties

If Bolivar County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Cleveland.

All guides
A family roasts marshmallows over a campfire at a forest campsite.

Questions

Housing questions about Cleveland

Short answers with the numbers for Cleveland and all of Bolivar County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Cleveland?

The typical home value in Cleveland is $159,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Bolivar County it is $130,000.

How much does it cost to rent in Cleveland?

Typical rent in Cleveland is $943 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Bolivar County is $905.

What is the FHA loan limit in Cleveland?

Cleveland uses the FHA limit for all of Bolivar County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Cleveland?

The typical homeowner in Cleveland pays $1,185 a year, according to the U.S. Census Bureau. That is 0.74% of the home’s value; in Bolivar County, the rate is 0.73%.

Where can I find free help to buy or rent in Cleveland?

We found no HUD-approved counseling agencies with an office in Bolivar County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).