Real Estate Investing in Mayfield Heights, Ohio (44124)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44124 (Mayfield 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.
No major risk flags on the data we track.
What’s happening in Mayfield Heights, OH (44124)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44124 Mayfield Heights
The 44124 ZIP in Mayfield Heights, OH is a local-operator market. Outside capital chasing a $257K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 44124 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Mayfield Heights have seen price recovery that 44124 has not matched. Cuyahoga County data supports the view that the spread is structural rather than temporary.
A durable renter share of 37% in 44124 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 44124 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 Mayfield Heights:
Property Strategy for 44124
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $107,022 | $1,220 | 8.2% | +9.1% | $107,022 |
| 2BR | $182,601 | $1,480 | 5.8% | +8.3% | $91,301 |
| 3BR | $234,057 | $1,900 | 5.8% | +7.6% | $78,019 |
| 4BR | $363,925 | $2,040 | 4.0% | +7.5% | $90,981 |
| 5BR | $747,515 | — | — | +7.8% | $149,503 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44124 Compare?
| Metric | 44124 | Mayfield Heights | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $256,698 | $256,698 | N/A | $237,530 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.4% |
| Avg Rent | $1,654 | $1,654 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
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 44124 (Mayfield 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 | $256,698 |
| Monthly Rent | $1,654 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | +26.4% ▲ |
| 3-Year CAGR | +10.2% ▲ |
| 5-Year CAGR | +8.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.0%). 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 44124
Population: 40,046
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 44124
Schools in This ZIP Code
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
How do experienced investors play Mayfield Heights, OH?
For Mayfield Heights, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What kind of vacancy should I budget for in Mayfield Heights, OH?
Expect elevated vacancy in Mayfield Heights, OH. Rents at $1,654/mo are absorbed by the tenant base without meaningful lag.
Is it easy to find good tenants in Mayfield Heights, OH?
Mayfield Heights, OH offers a stable renter base at the $1,654/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is OH a landlord-friendly state?
OH ranks as a landlord-friendly state for landlord-tenant law. Mayfield Heights generally follows the statewide framework, so landlords face reasonable operating rules.
What do rentals go for in Mayfield Heights, OH?
Mayfield Heights, OH rentals go for roughly $1,654/mo a month. That puts gross yield in solid territory relative to $257K acquisition costs.
You know 44124 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44124 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 44124 ranks in Cleveland-Elyria, OH
Every ZIP in this metro, ranked. Free.
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