Cleveland - OH vs Jacksonville - FL: 2026 Housing Comparison

What this means for buyers

Jacksonville - FL is roughly 40% more expensive than Cleveland - OH in typical home value. Homes sit on market longer in Jacksonville - FL (49 days vs 13), suggesting more buyer leverage there.

Cleveland vs Jacksonville: what the numbers say

At today's 7.24% average 30-year rate with 20% down, the typical home would cost about $1,363 a month in principal and interest in Cleveland and $1,911 in Jacksonville, a gap of $548 a month.

Typical rent runs $1,440 in Cleveland and $1,680 in Jacksonville, so the mortgage payment alone is 0.9 times rent in Cleveland and 1.1 times rent in Jacksonville, before taxes and insurance.

Home prices are 14.5 years of rent in Cleveland and 17.4 in Jacksonville; the lower ratio in Cleveland means buying there is cheaper relative to renting.

Over the last 23 months typical values moved +8.4% in Cleveland and -3.3% in Jacksonville; over just the last three months the change was +1.0% in Cleveland and +0.1% in Jacksonville.

Homes sell for 100.1% of list price in Cleveland and 96.8% in Jacksonville, after 13 and 49 days on the market, with price cuts on 26% and 29% of listings. All three signs point the same way: buyers have more room to negotiate in Jacksonville.

The number of homes for sale is up 16% on a year ago in Cleveland and down 13% on a year ago in Jacksonville.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-29), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.