Real Estate Investing in Cleveland, Ohio (44106)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44106 (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.
- High vacancy: 17.9% of homes vacant — above national norms.
- Lower household income: $39,878 median — tenant affordability is tighter.
What’s happening in Cleveland, OH (44106)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44106 Cleveland
ZIP 44106 in Cleveland, OH carries a healthy set of headwinds. Home values near $194K and rents of $1,581/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 44106 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 44106'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.
The 44106 ZIP's population of 24,704 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Experienced landlords with local relationships tend to find 44106 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 Cleveland:
Property Strategy for 44106
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $116,394 | $1,200 | 7.4% | +3.8% | $116,394 |
| 2BR | $211,814 | $1,450 | 4.9% | +4.5% | $105,907 |
| 3BR | $152,498 | $1,870 | 8.8% | +5.2% | $50,833 |
| 4BR | $157,304 | $2,000 | 9.2% | +5.2% | $39,326 |
| 5BR | $331,639 | — | — | +7.0% | $66,328 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44106 Compare?
| Metric | 44106 | Cleveland | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $193,649 | $85,662 | N/A | $237,530 |
| 5-Year CAGR | 3.2% | 3.2% | N/A | 7.4% |
| Avg Rent | $1,581 | $1,306 | N/A | - |
| Cap Rate | 6.4% | 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 44106 (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 | $193,649 |
| Monthly Rent | $1,581 |
| Price-to-Rent | 10.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.8% |
| Cap Rate | 6.4% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | +17.6% ▲ |
| 3-Year CAGR | +9.2% ▲ |
| 5-Year CAGR | +8.3% ▲ |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44106
Population: 24,704
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 44106
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Shaw High School
Canterbury Elementary School
East Technical High School
Fairfax Elementary 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
Does Cleveland, OH make sense for an investment property?
Investors tracking Cleveland, OH will find a 3.0/5 rating supported by $194K median home values and $1,581/mo rents. That profile suits long-term holders targeting predictable returns.
What are home prices like in Cleveland, OH?
Expect median prices around $194K in Cleveland, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
How much rent can I charge in Cleveland, OH?
The typical rental in Cleveland, OH commands about $1,581/mo monthly. That rent profile predictable cash flow against the $194K purchase basis.
Which real estate strategy fits Cleveland, OH?
In Cleveland, OH the durable play is typically careful cash-flow rentals with hands-on management. The combination of $194K prices and $1,581/mo rents suits that approach.
How high is vacancy risk in Cleveland, OH?
Cleveland, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 44106 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44106 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 44106 ranks in Cleveland-Elyria, OH
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