Real Estate Investing in Cleveland, Ohio (44114)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44114 (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: 21.3% of homes vacant — above national norms.
- Declining values: -1.8% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 11.2% in the last year.
What’s happening in Cleveland, OH (44114)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44114 Cleveland
This part of Cuyahoga County is not an easy win. The 44114 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 44114 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 44114 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A healthy renter share of 93% in 44114 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 44114 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Cleveland:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44114 Compare?
| Metric | 44114 | Cleveland | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $206,758 | $85,662 | N/A | $237,530 |
| 5-Year CAGR | N/A | 3.2% | N/A | 7.4% |
| Avg Rent | $1,577 | $1,306 | N/A | - |
| Cap Rate | 6.0% | 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 44114 (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 | $206,758 |
| Monthly Rent | $1,577 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | 4.1% |
📈 Home Appreciation
| 1-Year | -11.2% ▼ |
| 3-Year CAGR | -3.8% ▼ |
| 5-Year CAGR | -1.8% ▼ |
| 10-Year CAGR | -0.2% ▼ |
🏠 Rent Trends
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.0%). 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 44114
Population: 7,472
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 44114
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Joseph M Gallagher School
Tremont Montessori School
Marion-Sterling Elementary School
Mary B Martin School
George Washington Carver
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?
Yes - Cleveland, OH a 3.0/5 investability score. With $207K home prices against $1,577/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the tenant pool like in Cleveland, OH?
Tenant quality in Cleveland, OH ranks as solid. Landlords generally report predictable occupancy at market rents of $1,577/mo.
Is Cleveland, OH better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in Cleveland, OH. With home values at $207K and rents near $1,577/mo, other strategies can work but produce consistent rather than outsized returns.
What are vacancy rates like in Cleveland, OH?
Expect elevated vacancy in Cleveland, OH. Rents at $1,577/mo are absorbed by the tenant base without meaningful lag.
What is it like being a landlord in Cleveland, OH?
Rental owners in Cleveland, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 44114 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44114 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 44114 ranks in Cleveland-Elyria, OH
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