Total monthly cost of ownership
Cost to Own a Home in Cleveland, Alabama
A $165,000 home here costs
$1,370per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $848. The real number is $522 higher every month — 61% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Cleveland against Blount County and Alabama
| Measure | Cleveland | Blount County |
|---|---|---|
| Median home value | $165,200 | $169,700 |
| Median property tax | $632 | $508 |
| Effective tax rate | 0.383% | 0.299% |
| Median gross rent | $940 | $743 |
| Population | 1,366 | 59,292 |
The weather behind that power bill
Cleveland sits in Blount County, which averages a high of 90.9°F in its hottest month and a low of 32.9°F in its coldest, with 57.37" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,906 cooling and 2,862 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Blount County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Blount County
Common questions
How much does it cost to own a home in Cleveland?
A $165,000 home in Cleveland, Alabama costs approximately $1,370 per month with 20% down at 6.66%. That is $848 principal and interest, $53 property tax, $113 homeowners insurance, $219 utilities and $138 set aside for maintenance.
What is the property tax rate in Cleveland?
Cleveland has an effective property tax rate of 0.383%, based on a median home value of $165,200 and median real estate taxes of $632. That is higher than the Blount County average of 0.299%.
What is the average home price in Cleveland?
The median owner-occupied home value in Cleveland, Alabama is $165,200, against $169,700 across Blount County.
Is it cheaper to rent or buy in Cleveland?
Median gross rent in Cleveland is $940 a month, against $1,370 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cleveland — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Alabama.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.