Real Estate Investing in Bay Village, Ohio (44140)
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Should you buy in 44140 (Bay Village, 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 Bay Village, OH (44140)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44140 Bay Village
ZIP 44140 in Bay Village, OH carries a durable set of headwinds. Home values near $427K and rents of $2,700/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $427K asset, 44140 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 44140 and stronger Bay Village ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 44140 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 44140 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Bay Village:
Property Strategy for 44140
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $270,393 | $1,750 | 4.7% | +8.3% | $135,197 |
| 3BR | $341,608 | $2,250 | 4.7% | +7.8% | $113,869 |
| 4BR | $500,044 | $2,410 | 3.5% | +8.1% | $125,011 |
| 5BR | $622,007 | — | — | +8.3% | $124,401 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44140 Compare?
| Metric | 44140 | Bay Village | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $427,340 | $427,340 | N/A | $237,530 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.4% |
| Avg Rent | $2,700 | $2,700 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
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 44140 (Bay Village, 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 | $427,340 |
| Monthly Rent | $2,700 |
| Price-to-Rent | 13.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 4.9% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). 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 44140
Population: 15,992
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 44140
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Lee Burneson Middle School
Dover Intermediate School
Westlake Elementary School
Westlake High School
Westlake Academy
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 2,728 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Bay Village, OH stack up for property investment?
Bay Village, OH records an investability rating of 3.0/5, with median home values near $427K and average rents around $2,700/mo. That combination puts it in the notable tier for investor interest.
What strategy should investors use in Bay Village, OH?
A careful cash-flow rentals with hands-on management strategy Bay Village, OH best. The market produces predictable results for that approach at the $427K price point.
What is the median home value in Bay Village, OH?
Expect median prices around $427K in Bay Village, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
How landlord-friendly is Bay Village, OH?
The landlord environment in Bay Village, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the average monthly rent in Bay Village, OH?
Rent in Bay Village, OH is around $2,700/mo. The resulting rent-to-value relationship with $427K pricing is reasonable for most investor models.
You know 44140 now. You don’t know where it ranks.
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How 44140 ranks in Cleveland-Elyria, OH
Every ZIP in this metro, ranked. Free.
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