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Gates Mills, OH

Full City Profile · Ohio · Cuyahoga County County

4.2 /5.0
A Great
2,192 Population 244/sq mi density
$175,833 Median Income $125,823 per capita
$651,600 Home Value $741,547 Zillow
$2,000 Median Rent 22.0% income on rent
50°F Avg Temperature 275 sunny days/yr
A
Overall
4.2 / 5.0
Strong
A+
Economy
4.9 / 5.0
$175,833 median income, 2.4% unemployment
A+
Affordability
4.6 / 5.0
$651,600 home value, $2,000/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
74.5% bachelor's degree or higher

Housing Overview

Median Home Value
$651,600
131% above
US avg: $281,900
Median Rent
$2,000/mo
72% above
US avg: $1,163/mo
Homeownership Rate
94.3%
44% above US avg (65.4%)
Total Housing Units
849
Median year built: 1964

Home Value by Source

Census Median
$651,600
Zillow (ZHVI)
$741,547
Median Sale Price
$475,000
Median List Price
$1,900,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

94.3%
Owner-Occupied
5.7%
Renter-Occupied
94%
6%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$873/mo
2 Bedroom
$1,092/mo
3 Bedroom
$1,388/mo
4 Bedroom
$1,550/mo
Census median rent: $2,000/mo

Market Indicators (Redfin)

Median Days on Market
5 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
28.6%
of listings with price reduction
Price Per Sq Ft
$272
Active Inventory
7
homes for sale

Affordability & Housing Stock

Rent Burden
22.0%
of renters spending 30%+ of income on housing
29% below US avg (31.0%)
Median Year Built
1964
Average age of housing stock: 62 years
Homeownership Rate
94.3%

Complete Housing Data

Home Values

Census Median Value$651,600
Zillow Home Value (ZHVI)$741,547
Median Sale Price$475,000
Median List Price$1,900,000
Price Per Sq Ft$272

Rent

Census Median Rent$2,000
FMR Studio$816
FMR 1-Bedroom$873
FMR 2-Bedroom$1,092
FMR 3-Bedroom$1,388
FMR 4-Bedroom$1,550

Market

Days on Market5
Sale-to-List Ratio1.0%
Price Drops28.6%
Homes Sold1
Active Inventory7
Price Per Sq Ft$272

Ownership & Stock

Owner-Occupied94.3%
Renter-Occupied5.7%
Homeownership Rate94.3%
Total Housing Units849
Median Year Built1964
Rent Burden22.0%