Real Estate Investing in Cleveland, Ohio (44135)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44135 (Cleveland, 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 poverty: 20.9% poverty rate — can affect rent collection.
What’s happening in Cleveland, OH (44135)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44135 Cleveland
Not every below-median market is a bargain. Cleveland's 44135 ZIP comes in at signals that favor experienced operators who can absorb the risk $161K pricing implies.
For an experienced owner, 44135 can be a a strong candidate for hunting ground — but the discount at $161K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Cleveland have seen price recovery that 44135 has not matched. Cuyahoga County data supports the view that the spread is structural rather than temporary.
The demographic picture in 44135 includes headwinds that any investor should price in. Income distribution skews lower than Cleveland averages, and tenant stability requires active management.
New investors are better served looking at Cleveland's stable or hybrid ZIPs before stepping into 44135. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Cleveland:
Property Strategy for 44135
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $120,473 | $1,280 | 7.6% | +9.9% | $60,237 |
| 3BR | $161,025 | $1,650 | 7.4% | +8.5% | $53,675 |
| 4BR | $175,189 | $1,760 | 7.2% | +7.9% | $43,797 |
| 5BR | $192,177 | — | — | +8.2% | $38,435 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44135 Compare?
| Metric | 44135 | Cleveland | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $160,532 | $85,662 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 3.2% | N/A | 7.4% |
| Avg Rent | $1,530 | $1,306 | N/A | - |
| Cap Rate | 7.4% | 8.7% | - | - |
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 44135 (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 | $160,532 |
| Monthly Rent | $1,530 |
| Price-to-Rent | 8.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.4% |
| Cap Rate | 7.4% |
| 5-Year IRR | 13.8% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 Rent Trends
| 1-Year | +9.1% ▲ |
| 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 (7.4%). 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 44135
Population: 27,591
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 44135
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
What is the rental occupancy rate in Cleveland, OH?
Occupancy in Cleveland, OH runs stable with elevated vacancy. Well-priced units at $1,530/mo lease on reasonable timelines.
What is the renter demographic in Cleveland, OH?
Tenant quality in Cleveland, OH ranks as solid. Landlords generally report even-keeled occupancy at market rents of $1,530/mo.
What are rental rates like in Cleveland, OH?
Average rent in Cleveland, OH is approximately $1,530/mo per month. Against $161K home values that yields a reasonable rent-to-price ratio.
What is the smart move for investors in Cleveland, OH?
Most investors in Cleveland, OH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Cleveland in OH worth investing in?
Investors tracking Cleveland, OH will find a 3.0/5 rating supported by $161K median home values and $1,530/mo rents. That profile suits long-term holders targeting steady returns.
You know 44135 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44135 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 44135 ranks in Cleveland-Elyria, OH
Every ZIP in this metro, ranked. Free.
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