University Circle

Cleveland, OH

Neighborhood Market Analysis

Q3 2025 Report
$520,000 (May 2025)
Median Home Price
Very high (Walk Score: 85–90)
Walkability Score
Public schools are average; private and specialty schools are highly regarded.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by East 105th Street (east), Chester Avenue (north), Euclid Avenue (south), and Martin Luther King Jr. Drive (west).

Zip Codes

44106

Market Data Summary

Price Range$400,000–$650,000+ (recent sales)
Price per Sq Ft$248 (up 0.8% YoY)
Inventory LevelsLow to moderate; new multifamily supply expected in 2025, but absorption remains strong.

Property Characteristics

Home Types & Architecture

Home Types

CondominiumsTownhomesMid-rise apartmentsHistoric single-family homes

Architectural Styles

Contemporary urbanHistoric brickModern infill

Property Details

Typical Lot SizesUrban, small to mid-sized lots; multifamily and mixed-use dominate.
Home Age RangeEarly 1900s to new construction (2020s)
Construction QualityGenerally high, with significant recent investment in new and renovated buildings.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a large student, medical, and academic population; significant international presence due to nearby universities and hospitals.

Community Vibe

Vibrant, intellectual, and urban; strong arts, culture, and medical presence.

Typical Residents

  • Students
  • Medical professionals
  • University faculty/staff
  • Young professionals
  • Empty nesters

Family Friendly

Moderately family-friendly; more oriented toward students, professionals, and academics, but some family amenities.

Amenities & Lifestyle

Parks & Recreation

  • Wade Oval
  • Cleveland Botanical Garden
  • Cleveland Museum of Art
  • Cleveland Museum of Natural History

Dining Options

  • Upscale restaurants
  • Casual cafes
  • Ethnic eateries
  • Food trucks

Shopping Centers

  • Uptown District
  • Little Italy retail corridor

Local Businesses

  • Coffee shops
  • Bookstores
  • Boutique retail
  • Fitness studios

Education & Schools

Public schools are average; private and specialty schools are highly regarded.
Overall School Rating

Elementary Schools

  • Sunbeam PreK-8 School

Middle Schools

  • Sunbeam PreK-8 School

High Schools

  • John Hay Campus (nearby)

Private Schools

  • The Montessori School at University Circle
  • Hathaway Brown (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • RTA Red Line (Little Italy–University Circle Station)
  • Multiple bus routes

Major Roads

  • Euclid Avenue
  • Chester Avenue
  • Martin Luther King Jr. Drive

Commute & Walkability

Commute Times10–15 minutes to Downtown Cleveland; 20–30 minutes to most East Side suburbs.
WalkabilityExcellent; most amenities within walking distance.
ParkingLimited street parking; most new developments include structured parking.

Marketing Intelligence

Target Buyer Types

  • Medical professionals
  • University staff
  • Graduate students
  • Investors
  • Empty nesters seeking urban amenities

Key Selling Points

  • Walkable to world-class museums and hospitals
  • Strong rental and resale demand
  • Modern and historic housing options

Pricing Considerations

Price competitively but allow for some negotiation (average sale 2% below list); highlight value vs. other urban neighborhoods.

Common Objections & Response Strategies

Objection: Higher prices compared to other Cleveland neighborhoods

Response Strategy:

Emphasize unique amenities, walkability, and strong appreciation potential.

Objection: Limited parking

Response Strategy:

Highlight proximity to transit and walkability; note included parking in newer developments.

Objection: Urban noise and activity

Response Strategy:

Point out soundproofing in newer buildings and quieter side streets.

Objection: School ratings

Response Strategy:

Discuss access to private and specialty schools; proximity to cultural/educational enrichment.

Investment Insights

Investment Potential

Appreciation Potential

High; 40%+ YoY price growth in 2025, driven by institutional demand and limited supply.

Rental Demand

Very strong, especially for students, medical staff, and visiting academics.

Buyer Competition

Moderate; some multiple-offer situations but not as intense as other hot markets.

Best For

  • Investors seeking appreciation and rental income
  • Medical/academic professionals
  • Buyers seeking walkable, urban lifestyle

Potential Concerns

  • Rising prices may limit affordability
  • Limited single-family inventory
  • Parking constraints

Professional Recommendations

1

Leverage institutional connections (hospitals, universities) for referrals.

2

Highlight walkability, amenities, and cultural access in all marketing.

3

Educate buyers on competitive pricing and negotiation strategies.

4

Stay informed on new development pipelines and zoning changes.

5

Stage listings to appeal to urban professionals and academics.

6

Prepare for objections about price and parking with data and solutions.

Competitive Analysis

Comparable Markets

  • Ohio City
  • Tremont
  • Downtown Cleveland
  • Shaker Heights

Market Positioning

Premium urban neighborhood with institutional anchors and high walkability.

Competitive Advantages

  • Proximity to major hospitals/universities
  • Cultural amenities unmatched in region
  • Strong rental demand year-round

Price Comparison

Significantly higher than Cleveland average ($520K vs. $113K citywide); similar to Ohio City, below Shaker Heights luxury segment.

Investment Metrics

4.5–5.5% (multifamily, 2025)
Cap Rates
5–6% gross yield typical for well-located units
Rental Yields
18–20 (reflects strong appreciation and rental demand)
Price-to-Rent
Moderate; best for appreciation and stable occupancy, not high cash flow.
Cash Flow
Continued above-average growth expected through 2026, but pace may moderate.
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to high prices; best suited for those with strong income or family support.

Move-Up Buyers

Attractive for those seeking urban amenities and proximity to work/culture.

Downsizers

Appealing for empty nesters seeking walkability and low-maintenance living.

Investors

Strong rental demand and appreciation; focus on newer or well-located multifamily.

Relocators

Ideal for medical/academic professionals moving to Cleveland.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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