Real Estate Investing in Cleveland, Ohio (44108)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44108 (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: 26.1% of homes vacant — above national norms.
- Elevated poverty: 25.1% poverty rate — can affect rent collection.
- Higher unemployment: 8.5% unemployment — tenant risk signal.
- Lower household income: $31,927 median — tenant affordability is tighter.
What’s happening in Cleveland, OH (44108)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44108 Cleveland
Investors scanning Cleveland, OH for forced-equity plays often land on the 44108 ZIP. A a solid fit for entry near $74K pairs with rents of $1,310/mo to widen the renovation window.
In 44108, the deal is made on the buy and on the capex. impressive entry prices of $74K leave room in the budget for light-to-medium renovation, with rent lift to match.
Statewide, OH value-add investors migrate toward ZIPs with 44108's profile — older stock, soft but real rent growth, and $74K pricing that keeps rehab math workable.
The 44108 ZIP's demographic trend has been one of stability with upside — population of 20,579, steady renter share, and an incoming cohort that is willing to pay for improved units.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Cleveland:
Property Strategy for 44108
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $140,681 | $1,160 | 5.9% | +8.5% | $70,340 |
| 3BR | $61,122 | $1,490 | 17.6% | +7.7% | $20,374 |
| 4BR | $68,766 | $1,600 | 16.8% | +7.3% | $17,191 |
| 5BR | $79,764 | — | — | +8.5% | $15,953 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44108 Compare?
| Metric | 44108 | Cleveland | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $73,726 | $85,662 | N/A | $237,530 |
| 5-Year CAGR | 2.4% | 3.2% | N/A | 7.4% |
| Avg Rent | $1,310 | $1,306 | N/A | - |
| Cap Rate | 13.9% | 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 44108 (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 | $73,726 |
| Monthly Rent | $1,310 |
| Price-to-Rent | 4.7:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 21.3% |
| Cap Rate | 13.9% |
| 5-Year IRR | 16.2% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | +16.1% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (13.9%) 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 44108
Population: 20,579
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 44108
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Roxboro Middle School
Shaw High School
Hannah Gibbons-Nottingham Elementary School
Mary B Martin School
Mary M Bethune
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
How strong is Cleveland, OH for real estate investors?
Cleveland, OH rates 5.0/5 for investability. With median values at $74K and rents near $1,310/mo, the market offers reasonable fundamentals for rental investors.
Which real estate strategy fits Cleveland, OH?
Investors who focus on value-add and BRRRR deals typically do well in Cleveland, OH. The numbers - $74K homes against $1,310/mo rents - support that play.
How much does a house cost in Cleveland, OH?
In Cleveland, OH the median home value sits at $74K. Against the broader OH market, that reads as reasonable for most investors.
How well does BRRRR work in Cleveland, OH?
Investors running BRRRR in Cleveland, OH see a strong outcomes. Deal flow and rehab execution matter more than the macro here.
Where do rents currently stand in Cleveland, OH?
The typical rental in Cleveland, OH commands about $1,310/mo monthly. That rent profile consistent cash flow against the $74K purchase basis.
You know 44108 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44108 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 44108 ranks in Cleveland-Elyria, OH
Every ZIP in this metro, ranked. Free.
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