Real Estate Investing in Cleveland, Ohio (44115)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44115 (Cleveland, OH)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.8% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (1.5% CAGR).
- Elevated poverty: 59.0% poverty rate — can affect rent collection.
- Higher unemployment: 11.8% unemployment — tenant risk signal.
What’s happening in Cleveland, OH (44115)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44115 Cleveland
ZIP 44115 is one of those Cuyahoga County markets that does not swing much. $165K in median price, $1,695/mo in rent, and a 0.0% growth rate that stays near its long-run average.
Turning to rents, 44115 will not top anyone's high-flyer list, it rarely disappoints either. Yields near 0.0% and a 0.0% growth path are the base case, not the best case.
ZIP 44115's relationship to the Cleveland and Cuyahoga County medians is close enough that it can stand in for regional assumptions without much adjustment.
Household composition in 44115 has evolved slowly rather than dramatically, which is exactly what stable markets look like under the hood.
Long-term rentals, modest house hacks, and passive investments all fit 44115. The ZIP rewards patience and discipline more than creativity.
Here's what matters if you're considering buying a home in Cleveland:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44115 Compare?
| Metric | 44115 | Cleveland | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $165,021 | $85,662 | N/A | $237,530 |
| 5-Year CAGR | 1.5% | 3.2% | N/A | 7.4% |
| Avg Rent | $1,695 | $1,306 | N/A | - |
| Cap Rate | 8.0% | 8.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44115 (Cleveland, 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 | $165,021 |
| Monthly Rent | $1,695 |
| Price-to-Rent | 8.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.3% |
| Cap Rate | 8.0% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +1.5% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 Rent Trends
| 1-Year | +19.4% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +6.3% ▲ |
The estimated cap rate (8.0%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44115
Population: 10,389
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 44115
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Davis Aerospace & Maritime High School
Cleveland High School for the Digital Arts
East Technical High School
Joseph M Gallagher School
Tremont Montessori 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 9,386 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Cleveland, OH for investors?
Our data puts Cleveland, OH at 4.0/5 for investability. Home prices of $165K and rents around $1,695/mo create a solid backdrop for investor activity.
Are landlord laws favorable in Cleveland, OH?
Rental owners in Cleveland, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is housing expensive in Cleveland, OH?
Cleveland, OH median home values land near $165K. That is reasonable territory for investors looking at $1,695/mo-per-month rentals.
How viable is house hacking in Cleveland, OH?
The house hack math an attractive in Cleveland, OH. Owner-occupant buyers benefit from the $1,695/mo rents and $165K home values.
Where do rents currently stand in Cleveland, OH?
The typical rental in Cleveland, OH commands about $1,695/mo monthly. That rent profile steady cash flow against the $165K purchase basis.
You know 44115 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44115 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 44115 ranks in Cleveland-Elyria, OH
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