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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
91%
10%
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 Market68
Sale-to-List Ratio0.9%
Price Drops0.0%
Homes Sold1
Active Inventory2
Price Per Sq Ft$204

Ownership & Stock

Owner-Occupied90.5%
Renter-Occupied9.5%
Homeownership Rate90.5%
Total Housing Units273
Median Year Built1973
Rent Burden38.8%