Real Estate Investing in Cleveland, Ohio (44111)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44111 (Cleveland, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
What’s happening in Cleveland, OH (44111)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44111 Cleveland
ZIP 44111 inside Cuyahoga County looks affordable on the surface — median value of $164K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 44111 can be a a solid fit for hunting ground — but the discount at $164K reflects genuine risk that outside investors often underestimate.
Looking more closely, 44111 offers a low basis, the region around Cleveland has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 44111 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 44111 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Cleveland:
Property Strategy for 44111
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $124,919 | $1,180 | 6.8% | +8.3% | $62,459 |
| 3BR | $160,580 | $1,520 | 6.8% | +7.6% | $53,527 |
| 4BR | $191,788 | $1,620 | 6.1% | +8.0% | $47,947 |
| 5BR | $216,283 | — | — | +8.0% | $43,257 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44111 Compare?
| Metric | 44111 | Cleveland | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $163,613 | $85,662 | N/A | $237,530 |
| 5-Year CAGR | 5.6% | 3.2% | N/A | 7.4% |
| Avg Rent | $1,244 | $1,306 | N/A | - |
| Cap Rate | 5.9% | 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 44111 (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 | $163,613 |
| Monthly Rent | $1,244 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | +0.5% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44111
Population: 39,950
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 44111
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
How high is vacancy risk in Cleveland, OH?
Cleveland, OH carries elevated vacancy risk. Expect measured absorption at market rents of $1,244/mo.
How strong is tenant demand in Cleveland, OH?
Working renters make up the core of the Cleveland, OH tenant base. The pool is reasonable for investors targeting long-term holds.
Is Cleveland, OH a smart market for rental property?
The 3.0/5 investability rating in Cleveland, OH reflects its $164K prices and $1,244/mo rents. Investors generally consider it a solid option within OH.
Which investment style suits Cleveland, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Cleveland, OH. With home values at $164K and rents near $1,244/mo, other strategies can work but produce even-keeled rather than outsized returns.
How much rent can I charge in Cleveland, OH?
Cleveland, OH rentals go for roughly $1,244/mo a month. That puts gross yield in solid territory relative to $164K acquisition costs.
You know 44111 now. You don’t know where it ranks.
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How 44111 ranks in Cleveland-Elyria, OH
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