Cleveland, MN
Full City Profile · Minnesota · Le Sueur County County
3.7
/5.0
B+
Good
622
Population
1,131/sq mi density
$83,281
Median Income
$33,621 per capita
$204,200
Home Value
$370,940 Zillow
$735
Median Rent
38.8% income on rent
44°F
Avg Temperature
270 sunny days/yr
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$83,281 median income, 2.3% unemployment
A+
Affordability
5.0 / 5.0
$204,200 home value, $735/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C+
Education
2.7 / 5.0
20.8% bachelor's degree or higher
Housing Overview
Median Home Value
$204,200
28% below
US avg: $281,900
Median Rent
$735/mo
37% below
US avg: $1,163/mo
Homeownership Rate
90.5%
38% above US avg (65.4%)
Total Housing Units
273
Median year built: 1973
Home Value by Source
Census Median
$204,200
Zillow (ZHVI)
$370,940
Median Sale Price
$225,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
90.5%
Owner-Occupied
9.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$735/mo
Market Indicators (Redfin)
Median Days on Market
68 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$204
Active Inventory
2
homes for sale
Affordability & Housing Stock
Rent Burden
38.8%
of renters spending 30%+ of income on housing
25% above US avg (31.0%)
Median Year Built
1973
Average age of housing stock: 53 years
Homeownership Rate
90.5%
Complete Housing Data
Home Values
| Census Median Value | $204,200 |
| Zillow Home Value (ZHVI) | $370,940 |
| Median Sale Price | $225,000 |
| Price Per Sq Ft | $204 |
Rent
| Census Median Rent | $735 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 68 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Active Inventory | 2 |
| Price Per Sq Ft | $204 |
Ownership & Stock
| Owner-Occupied | 90.5% |
| Renter-Occupied | 9.5% |
| Homeownership Rate | 90.5% |
| Total Housing Units | 273 |
| Median Year Built | 1973 |
| Rent Burden | 38.8% |
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