Real Estate Investing in North Olmsted, Ohio (44070)
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Should you buy in 44070 (North Olmsted, OH)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
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 North Olmsted, OH (44070)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44070 North Olmsted
The 44070 ZIP in North Olmsted, OH is a local-operator market. Outside capital chasing a $282K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $282K asset, 44070 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in North Olmsted have seen price recovery that 44070 has not matched. Cuyahoga County data supports the view that the spread is structural rather than temporary.
Demographically, 44070 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 44070 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in North Olmsted:
Property Strategy for 44070
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $87,242 | $1,120 | 9.2% | +13.8% | $87,242 |
| 2BR | $164,289 | $1,350 | 5.9% | +9.6% | $82,144 |
| 3BR | $257,681 | $1,740 | 4.9% | +8.4% | $85,894 |
| 4BR | $319,991 | $1,860 | 4.2% | +8.1% | $79,998 |
| 5BR | $342,520 | — | — | +7.9% | $68,504 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44070 Compare?
| Metric | 44070 | North Olmsted | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $281,902 | $281,902 | N/A | $237,530 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.4% |
| Avg Rent | $1,796 | $1,796 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
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 44070 (North Olmsted, 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 | $281,902 |
| Monthly Rent | $1,796 |
| Price-to-Rent | 13.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 5.0% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.0%). 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 44070
Population: 32,031
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 44070
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Lee Burneson Middle School
Dover Intermediate School
Olmsted Falls Middle School
Westlake Elementary School
Westlake High School
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
Investor Insight: With 2,728 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for North Olmsted, OH real estate?
Investors usually favor careful cash-flow rentals with hands-on management in North Olmsted, OH. With home values at $282K and rents near $1,796/mo, other strategies can work but produce steady rather than outsized returns.
Are renters plentiful in North Olmsted, OH?
North Olmsted, OH offers a measured renter base at the $1,796/mo rent level. Tenant turnover is reasonable for well-managed properties.
What are rental rates like in North Olmsted, OH?
The typical rental in North Olmsted, OH commands about $1,796/mo monthly. That rent profile steady cash flow against the $282K purchase basis.
How strong is North Olmsted, OH for real estate investors?
The 3.0/5 investability rating in North Olmsted, OH reflects its $282K prices and $1,796/mo rents. Investors generally consider it a solid option within OH.
Is North Olmsted, OH landlord-friendly?
North Olmsted, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 44070 now. You don’t know where it ranks.
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How 44070 ranks in Cleveland-Elyria, OH
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