Real Estate Investing in Cleveland, Ohio (44113)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44113 (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: 15.8% of homes vacant — above national norms.
- Elevated poverty: 27.1% poverty rate — can affect rent collection.
What’s happening in Cleveland, OH (44113)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44113 Cleveland
The 44113 ZIP covers a section of Cleveland that demands careful diligence. Prices near $314K look accessible, but the work to make a deal cash flow is real.
On balance, the numbers look inviting — $314K purchase price, 0.0% nominal cap — the work to hit that pro forma in 44113 is substantial and deserves full respect.
ZIP 44113'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.
Who lives in 44113 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 44113 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 44113
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $172,209 | $1,590 | 6.6% | -0.1% | $172,209 |
| 2BR | $300,447 | $1,920 | 4.6% | +2.2% | $150,223 |
| 3BR | $365,835 | $2,470 | 4.9% | +4.2% | $121,945 |
| 4BR | $285,200 | $2,640 | 6.7% | +3.8% | $71,300 |
| 5BR | $261,204 | — | — | +3.7% | $52,241 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44113 Compare?
| Metric | 44113 | Cleveland | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $314,362 | $85,662 | N/A | $237,530 |
| 5-Year CAGR | 2.1% | 3.2% | N/A | 7.4% |
| Avg Rent | $1,734 | $1,306 | N/A | - |
| Cap Rate | 4.3% | 8.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44113 (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 | $314,362 |
| Monthly Rent | $1,734 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 Rent Trends
| 1-Year | +9.5% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +5.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 44113
Population: 19,619
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 44113
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Davis Aerospace & Maritime High School
Charles A Mooney School
Cleveland High School for the Digital Arts
Lincoln West School Of Global Studies
Facing History High School@Charles Mooney
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 much is rent in Cleveland, OH?
Rents in Cleveland, OH run near $1,734/mo. Compared with median home prices of $314K that produces solid gross yields for typical rentals.
What kind of vacancy should I budget for in Cleveland, OH?
Occupancy in Cleveland, OH runs measured with elevated vacancy. Well-priced units at $1,734/mo lease on reasonable timelines.
What is the investability score for Cleveland, OH?
Cleveland, OH posts an investability rating of 3.0/5, with median home values near $314K and average rents around $1,734/mo. That combination puts it in the healthy tier for investor interest.
What is the typical home price in Cleveland, OH?
Homes in Cleveland, OH typically sell near $314K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Can I live-in-and-rent in Cleveland, OH?
The house hack math a challenging in Cleveland, OH. Owner-occupant buyers benefit from the $1,734/mo rents and $314K home values.
You know 44113 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44113 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 44113 ranks in Cleveland-Elyria, OH
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