Real Estate Investing in Berea, Ohio (44017)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44017 (Berea, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Berea, OH (44017)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44017 Berea
Not every below-median market is a bargain. Berea's 44017 ZIP posts signals that favor experienced operators who can absorb the risk $248K pricing implies.
For an experienced owner, 44017 can be a an appealing option for hunting ground — but the discount at $248K reflects genuine risk that outside investors often underestimate.
ZIP 44017's metrics run below Cuyahoga County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Turning to rents, 18,378 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 44017 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Berea:
Property Strategy for 44017
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $88,347 | $1,060 | 8.6% | +11.4% | $88,347 |
| 2BR | $176,299 | $1,280 | 5.2% | +8.4% | $88,149 |
| 3BR | $230,166 | $1,650 | 5.2% | +7.7% | $76,722 |
| 4BR | $283,831 | $1,760 | 4.5% | +7.6% | $70,958 |
| 5BR | $294,174 | — | — | +7.0% | $58,835 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44017 Compare?
| Metric | 44017 | Berea | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $248,129 | $248,129 | N/A | $237,530 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.4% |
| Avg Rent | $1,341 | $1,341 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44017 (Berea, OH). Anonymous, moderated, never written by AI.
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Property managers serving Cuyahoga County
Manage rentals here? List your business →Cleveland Property Management Group is a residential property manager in Northeast Ohio, assisting with property purchase, portfolio analysis, and full-service management. summary from their website
SBS Property Management provides management, maintenance, inspections, finances, and communications for Condominium and Homeowner Associations across Ohio. summary from their website
Aspire Real Estate helps sell homes quickly. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $248,129 |
| Monthly Rent | $1,341 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44017
Population: 18,378
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 44017
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is housing expensive in Berea, OH?
Homes in Berea, OH typically sell near $248K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Is Berea, OH suited for a house hack?
Berea, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,341/mo rent level.
What do rentals go for in Berea, OH?
Rent in Berea, OH is around $1,341/mo. The resulting rent-to-value relationship with $248K pricing is reasonable for most investor models.
What real estate strategy is ideal for Berea, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Berea, OH. With home values at $248K and rents near $1,341/mo, other strategies can work but produce steady rather than outsized returns.
What kind of tenants rent in Berea, OH?
The tenant pool in Berea, OH is solid, supported by local employment and population fundamentals. Rents of $1,341/mo are well-absorbed by the market.
You know 44017 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44017 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 44017 ranks in Cleveland-Elyria, OH
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