The typical owner-occupied home in Cloverdale is worth about $79,300, 63% below the Ohio median of $214,800 and 76% below the national median of $332,700. Owners pay a median $936 a year in property taxes, about 1.18% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $45,833 a year, so the median home costs 1.7 times the median income (3.0 times for Ohio). 87% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Cloverdale at a glance
| Cloverdale | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $79,300 | $214,800 | $332,700 |
| Median property tax paid per year | $936 | $2,822 | $3,119 |
| Property tax as a share of value | 1.18% | 1.31% | 0.94% |
| Median household income | $45,833 | $71,389 | $80,734 |
| Homes lived in by their owners | 87% | 67% | 65% |
| Owner homes with a mortgage | 58% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $900 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 20.0% | 18.6% | 21.0% |
| Median rent | – | $1,034 | $1,413 |
| Median year homes were built | 1978 | 1970 | 1980 |
| Vacant homes | 14.8% | 8.1% | 10.1% |
| Population | 108 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Cloverdale
At this week's average 30-year rate of 7.11%, buying the median Cloverdale home of $79,300 with 20% down costs about $538 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $670, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $23,048 for the 20%-down payment. That payment is 14% of the median Cloverdale household income of $45,833; at that income and 20% down, the 28% guideline points to a home of about $158,000.
| Down payment | $15,860 |
|---|---|
| Loan amount | $63,440 |
| Principal and interest | $427 |
| Property taxes (1.18% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| PMI | $0 |
| Total per month | $538 |
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| Down payment | $2,776 |
|---|---|
| Loan amount | $77,864 |
| Principal and interest | $524 |
| Property taxes (1.18% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| FHA mortgage insurance | $35 |
| Total per month | $670 |
Change the numbers in the calculator
Questions about home buying in Cloverdale
What is the median home value in Cloverdale?
About $79,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cloverdale?
Homeowners pay a median $936 a year, which is about 1.18% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Cloverdale?
For the median home with 20% down at 7.11%, the payment is about $538 a month. Keeping that under 28% of gross income takes about $23,048 a year.
More about Cloverdale
- Mortgage Refinance in Cloverdale
- Debt Relief in Cloverdale
- Home Equity Loans in Cloverdale
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data