Real Estate Investing in Cleveland, Ohio (44105)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44105 (Cleveland, OH)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.2% of homes vacant — above national norms.
- Elevated poverty: 26.1% poverty rate — can affect rent collection.
- Higher unemployment: 8.9% unemployment — tenant risk signal.
- Lower household income: $34,141 median — tenant affordability is tighter.
What’s happening in Cleveland, OH (44105)?
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Market Analysis: 44105 Cleveland
In Cleveland's 44105 ZIP, the arithmetic favors hands-on owners. Median home values comes in at $75K, leaving spread for capex-heavy BRRRR or reposition strategies.
The worth a close look for angle here is forced equity, not market equity. ZIP 44105 rewards investors who can execute on scope, timeline, and tenant turnover.
The worth a close look for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 44105 has not.
Stepping back, incomes in 44105 sit below the county median, the tenant pool is deep and the demand for upgraded rental stock consistently outruns supply.
Value-add plays pencil in 44105 when three things line up: a sub-median purchase, a realistic rehab budget, and a post-rehab rent comp that stands up. All three are present in this ZIP.
Here's what matters if you're considering buying a home in Cleveland:
Property Strategy for 44105
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $59,022 | $1,070 | 13.1% | +9.7% | $29,511 |
| 3BR | $70,889 | $1,380 | 14.0% | +8.4% | $23,630 |
| 4BR | $78,380 | $1,470 | 13.5% | +8.2% | $19,595 |
| 5BR | $85,263 | — | — | +9.1% | $17,053 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44105 Compare?
| Metric | 44105 | Cleveland | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $74,714 | $85,662 | N/A | $237,530 |
| 5-Year CAGR | 4.2% | 3.2% | N/A | 7.4% |
| Avg Rent | $1,219 | $1,306 | N/A | - |
| Cap Rate | 12.7% | 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 44105 (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 | $74,714 |
| Monthly Rent | $1,219 |
| Price-to-Rent | 5.1:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 19.6% |
| Cap Rate | 12.7% |
| 5-Year IRR | 17.0% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +9.7% ▲ |
| 5-Year CAGR | N/A |
The estimated cap rate (12.7%) 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 44105
Population: 33,358
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 44105
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
Investor Insight: With 9,386 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Cleveland, OH?
Median home price in Cleveland, OH is near $75K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
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 1.63%, supported by $1,219/mo rents.
How strong is Cleveland, OH for real estate investors?
Cleveland, OH rates 5.0/5 for investability. With median values at $75K and rents near $1,219/mo, the market offers reasonable fundamentals for rental investors.
Is Cleveland, OH a viable BRRRR market?
BRRRR viability in Cleveland, OH is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
Is Cleveland, OH a good market for FHA house hackers?
Cleveland, OH is a an attractive market for house hackers. FHA or conventional owner-occupant buyers find the $75K price point reasonable to enter.
You know 44105 now. You don’t know where it ranks.
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How 44105 ranks in Cleveland-Elyria, OH
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