Home Insurance in Cleveland, Ohio

Homes in Cleveland carry a median value of $102,000 - 48% lower than the Cuyahoga County median.

Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Cleveland was built around 1941. About 71% of homes were built before 1960, about 15 points above Cuyahoga County's 56%.

In Cleveland, the housing stock is 54% single-family homes and 26% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.

In Cleveland, about 52% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

The vacancy rate is 16%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 42% of occupied homes in Cleveland are owner-occupied.

In Cleveland, 78% of homes are primarily heated with natural gas.

Cuyahoga County's top FEMA-rated hazard is tornado (Very High), per FEMA's National Risk Index. Cuyahoga County had 1,221 active NFIP flood policies as of September 2026. See the full Cuyahoga County home insurance overview for all FEMA hazard ratings and flood coverage details.

The statewide average premium for a standard HO-3 homeowners policy in Ohio is $1,116 per year, according to the NAIC homeowners insurance report (2023 data).

Key figures

Median home value$102,000
Median year built1941
Owner-occupied share42%
Share of owner-occupied homes with a mortgage52%
Top county hazardTornado (Very High)
Active NFIP policies in Cuyahoga County1,221
Home insurance premium$1,116 - statewide average (NAIC, 2023 data)
Key home insurance figures for Cleveland, OH

Nearby towns

Sources

Data last updated: 2026-09-29