Real Estate Investing in Cleveland, Ohio (44127)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44127 (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.
- High vacancy: 17.5% of homes vacant — above national norms.
- 1-year downturn: Values declined 3.3% in the last year.
- Elevated poverty: 25.2% poverty rate — can affect rent collection.
- Lower household income: $30,285 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cleveland, OH (44127)?
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Market Analysis: 44127 Cleveland
ZIP 44127 inside Cleveland, OH leans into a value-add thesis. Home values near $55K sit below the state median, and rents of $873/mo leave room for forced-equity plays.
The a viable market for angle here is forced equity, not market equity. ZIP 44127 rewards investors who can execute on scope, timeline, and tenant turnover.
Regionally, 44127 sits on the affordable end of the Cuyahoga County map. In practical terms, the absolute numbers are modest, the spread between acquisition price and post-rehab value is wider than in turnkey ZIPs.
A renter-heavy, wage-earner demographic anchors 44127. Value-add players rely on that mix — the 58% share is both the tenant source and the buyer pool for future owner-occupied exits.
ZIP 44127 fits investors who can swing a hammer — or pay someone to swing one well. BRRRR, fix-and-flip, and fix-and-hold all work when the rehab scope is matched to the rent lift.
Here's what matters if you're considering buying a home in Cleveland:
Property Strategy for 44127
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $45,162 | $970 | 15.5% | +11.8% | $22,581 |
| 3BR | $50,950 | $1,250 | 17.7% | +9.2% | $16,983 |
| 4BR | $62,027 | $1,340 | 15.6% | +7.9% | $15,507 |
Market Trends
Home Value History (with trend line)
📊 How Does 44127 Compare?
| Metric | 44127 | Cleveland | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $54,663 | $85,662 | N/A | $237,530 |
| 5-Year CAGR | 4.8% | 3.2% | N/A | 7.4% |
| Avg Rent | $873 | $1,306 | N/A | - |
| Cap Rate | 12.5% | 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 44127 (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 | $54,663 |
| Monthly Rent | $873 |
| Price-to-Rent | 5.2:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 19.2% |
| Cap Rate | 12.5% |
| 5-Year IRR | 17.3% |
📈 Home Appreciation
| 1-Year | -3.3% ▼ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (12.5%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44127
Population: 4,399
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 44127
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Cleveland Metro Remote School K-12
East Technical High School
John Adams College & Career Academy
Joseph M Gallagher School
Tremont Montessori 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
Investor Insight: With 9,386 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Cleveland, OH for investors?
Cleveland, OH shows an investability rating of 5.0/5, with median home values near $55K and average rents around $873/mo. That combination puts it in the substantial tier for investor interest.
What monthly rent should investors expect in Cleveland, OH?
The typical rental in Cleveland, OH commands about $873/mo monthly. That rent profile consistent cash flow against the $55K purchase basis.
How should investors approach Cleveland, OH?
For Cleveland, OH, value-add and BRRRR deals is the standard investor playbook. The market structure makes it a reasonable default approach.
Does a duplex house hack pencil in Cleveland, OH?
House hacking in Cleveland, OH is an attractive. With home values around $55K and rents at $873/mo, owner-occupants can offset a meaningful share of PITI.
Does rental property in Cleveland, OH pass the 1% rule?
The median property in Cleveland, OH ($55K at $873/mo rent) a 1.60% rent-to-price figure. Pure 1% deals require disciplined offer pricing.
You know 44127 now. You don’t know where it ranks.
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How 44127 ranks in Cleveland-Elyria, OH
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