Real Estate Investing in Cleveland, Ohio (44103)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44103 (Cleveland, OH)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 27.1% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.4% CAGR).
- Elevated poverty: 33.0% poverty rate — can affect rent collection.
- Higher unemployment: 7.8% unemployment — tenant risk signal.
What’s happening in Cleveland, OH (44103)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44103 Cleveland
Homes in the 44103 ZIP trade near $74K, a discount that has historically rewarded investors willing to renovate. Rent comps near $1,092/mo support the pro forma.
ZIP 44103 favors investors with a contractor on speed dial. From a cash-flow lens, the turnkey yield looks ordinary, a renovated unit pulls stronger rent than the unrenovated $1,092/mo average.
Across Cleveland, pockets like 44103 represent the last affordable rungs of a rising ladder. The state-level data shows those rungs thinning.
Residents in 44103 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
The sturdy opportunity in 44103 is buying the worst house on the block, fixing it, and renting it at the top of the local band. That is the strategy, repeated.
Here's what matters if you're considering buying a home in Cleveland:
Property Strategy for 44103
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $53,515 | $1,070 | 14.4% | +5.0% | $26,758 |
| 3BR | $67,833 | $1,380 | 14.6% | +2.1% | $22,611 |
| 4BR | $65,856 | $1,470 | 16.1% | +5.7% | $16,464 |
| 5BR | $76,171 | — | — | +4.8% | $15,234 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44103 Compare?
| Metric | 44103 | Cleveland | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $73,599 | $85,662 | N/A | $237,530 |
| 5-Year CAGR | 0.4% | 3.2% | N/A | 7.4% |
| Avg Rent | $1,092 | $1,306 | N/A | - |
| Cap Rate | 11.6% | 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 44103 (Cleveland, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 44103 (Cleveland, OH)?
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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 | $73,599 |
| Monthly Rent | $1,092 |
| Price-to-Rent | 5.6:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 17.8% |
| Cap Rate | 11.6% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +0.4% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 Rent Trends
| 1-Year | -8.4% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (11.6%) 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 44103
Population: 13,776
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 44103
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Roxboro Middle School
Davis Aerospace & Maritime High School
Cleveland High School for the Digital Arts
East Technical High School
Franklin D. Roosevelt
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
Where do home prices stand in Cleveland, OH?
Cleveland, OH median home values land near $74K. That is reasonable territory for investors looking at $1,092/mo-per-month rentals.
Is it possible to hit the 1% rule in Cleveland, OH?
Yes, many Cleveland, OH properties clear the 1% rule. The rent-to-price ratio averages 1.48%, supported by $1,092/mo rents.
How much rent can I charge in Cleveland, OH?
Rents in Cleveland, OH run near $1,092/mo. Compared with median home prices of $74K that produces solid gross yields for typical rentals.
Are there BRRRR deals in Cleveland, OH?
Cleveland, OH is a strong for BRRRR. Acquiring below market, rehabbing, and leasing at $1,092/mo produces solid refinance appraisals against $74K values.
Does house hacking make sense in Cleveland, OH?
House hacking works an attractive in Cleveland, OH. Rents of $1,092/mo against $74K acquisition make the strategy solid for owner-occupants.
You know 44103 now. You don’t know where it ranks.
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How 44103 ranks in Cleveland-Elyria, OH
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