Real Estate Investing in Euclid, Ohio (44117)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44117 (Euclid, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
- Lower household income: $35,264 median — tenant affordability is tighter.
What’s happening in Euclid, OH (44117)?
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Market Analysis: 44117 Euclid
ZIP 44117 in Euclid, OH carries a robust set of headwinds. Home values near $171K and rents of $1,437/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 44117 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader OH picture, 44117 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 44117 includes headwinds that any investor should price in. Income distribution skews lower than Euclid averages, and tenant stability requires active management.
Distressed ZIPs reward experience. solid returns are possible in 44117, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Euclid:
Property Strategy for 44117
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $107,133 | $1,080 | 7.3% | +9.6% | $53,567 |
| 3BR | $165,679 | $1,390 | 6.0% | +8.2% | $55,226 |
| 4BR | $185,309 | $1,490 | 5.8% | +7.5% | $46,327 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44117 Compare?
| Metric | 44117 | Euclid | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $170,518 | $156,072 | N/A | $237,530 |
| 5-Year CAGR | 6.3% | 5.7% | N/A | 7.4% |
| Avg Rent | $1,437 | $1,334 | N/A | - |
| Cap Rate | 6.6% | 6.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44117 (Euclid, 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 | $170,518 |
| Monthly Rent | $1,437 |
| Price-to-Rent | 9.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.1% |
| Cap Rate | 6.6% |
| 5-Year IRR | 12.9% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.6%). 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 44117
Population: 9,350
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 44117
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Euclid Schools Early Learning Village
Euclid Middle School
Hannah Gibbons-Nottingham Elementary School
Arbor Elementary School
Bluestone Elementary School
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
Frequently Asked Questions
Is Euclid, OH a good place for real estate investing?
Euclid, OH rates 3.0/5 for investability. With median values at $171K and rents near $1,437/mo, the market offers reasonable fundamentals for rental investors.
How much is rent in Euclid, OH?
The typical rental in Euclid, OH commands about $1,437/mo monthly. That rent profile measured cash flow against the $171K purchase basis.
What is the rental occupancy rate in Euclid, OH?
Euclid, OH carries elevated vacancy risk. Expect reliable absorption at market rents of $1,437/mo.
Does house hacking work in Euclid, OH?
The house hack math a challenging in Euclid, OH. Owner-occupant buyers benefit from the $1,437/mo rents and $171K home values.
How strong is tenant demand in Euclid, OH?
Tenant demand in Euclid, OH is solid. The local workforce $1,437/mo rents across most rental classes.
You know 44117 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44117 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 44117 ranks in Cleveland-Elyria, OH
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