Real Estate Investing in University Heights, Ohio (44118)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44118 (University Heights, 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: 8.6% vacancy may signal weakening demand.
What’s happening in University Heights, OH (44118)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44118 University Heights
Investors eyeing 44118 need to respect the fundamentals at play. Home values of $251K come alongside slower price movement and elevated management overhead.
In practical terms, the numbers look inviting — $251K purchase price, 0.0% nominal cap — the work to hit that pro forma in 44118 is substantial and deserves full respect.
Within OH, ZIP 44118 trails on several market indicators that neighboring Cuyahoga County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Resident income in 44118 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 44118 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 University Heights:
Property Strategy for 44118
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $62,653 | $1,230 | 14.1% | +9.2% | $62,653 |
| 2BR | $144,284 | $1,490 | 7.4% | +8.7% | $72,142 |
| 3BR | $217,054 | $1,920 | 6.4% | +8.7% | $72,351 |
| 4BR | $274,210 | $2,050 | 5.4% | +8.5% | $68,552 |
| 5BR | $352,275 | — | — | +8.2% | $70,455 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44118 Compare?
| Metric | 44118 | University Heights | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $251,314 | $251,314 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.4% |
| Avg Rent | $1,505 | $1,505 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44118 (University Heights, 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 | $251,314 |
| Monthly Rent | $1,505 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 44118
Population: 40,389
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 44118
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Monticello Middle School
Roxboro Middle School
Shaw High School
Rowland Elementary School
Sunbeam
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
Where do rents currently stand in University Heights, OH?
Expect rents around $1,505/mo per month in University Heights, OH. With home values at $251K, the yield math works out to reasonable levels for rental investors.
Are landlord laws favorable in University Heights, OH?
University Heights, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Should investors worry about vacancy in University Heights, OH?
University Heights, OH carries elevated vacancy risk. Expect measured absorption at market rents of $1,505/mo.
Is the tenant base reliable in University Heights, OH?
University Heights, OH offers a steady renter base at the $1,505/mo rent level. Tenant turnover is reasonable for well-managed properties.
What approach is best for University Heights, OH real estate?
For University Heights, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 44118 now. You don’t know where it ranks.
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How 44118 ranks in Cleveland-Elyria, OH
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