Real Estate Investing in Cleveland, Ohio (44119)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44119 (Cleveland, OH)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.5% vacancy may signal weakening demand.
What’s happening in Cleveland, OH (44119)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44119 Cleveland
ZIP 44119 inside Cuyahoga County looks affordable on the surface — median value of $137K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 44119 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 44119'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.
Resident income in 44119 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 44119 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Cleveland:
Property Strategy for 44119
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $106,792 | $1,180 | 8.0% | +8.0% | $53,396 |
| 3BR | $136,460 | $1,520 | 8.0% | +7.3% | $45,487 |
| 4BR | $154,768 | $1,620 | 7.5% | +6.5% | $38,692 |
| 5BR | $180,787 | — | — | +5.6% | $36,157 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44119 Compare?
| Metric | 44119 | Cleveland | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $137,055 | $85,662 | N/A | $237,530 |
| 5-Year CAGR | 5.0% | 3.2% | N/A | 7.4% |
| Avg Rent | $1,080 | $1,306 | N/A | - |
| Cap Rate | 6.2% | 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 44119 (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 | $137,055 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 10.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.5% |
| Cap Rate | 6.2% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | -7.7% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.2%). 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 44119
Population: 13,495
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 44119
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
Bluestone Elementary School
Chardon Hills 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
What are home prices like in Cleveland, OH?
In Cleveland, OH the median home value sits at $137K. Against the broader OH market, that reads as reasonable for most investors.
What approach is best for Cleveland, OH real estate?
Cleveland, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($137K prices, $1,080/mo rents) make it a reasonable choice.
Do landlords face vacancy issues in Cleveland, OH?
Occupancy in Cleveland, OH runs stable with elevated vacancy. Well-priced units at $1,080/mo lease on reasonable timelines.
Does house hacking work in Cleveland, OH?
The a challenging house-hack environment in Cleveland, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What kind of tenants rent in Cleveland, OH?
Tenant demand in Cleveland, OH is solid. The local workforce $1,080/mo rents across most rental classes.
You know 44119 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44119 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 44119 ranks in Cleveland-Elyria, OH
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