dynamic.RE
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A cash-flow-lean market. Rents carry the return here rather than price growth.
What would change this read: price growth (median +14.2% YoY) outrunning rents would pull rent-to-price back under 0.8%/mo and weaken the cash-flow case. inventory, +44.4% YoY, is the number to watch.
The median listing price is up 14.2% YoY while the median home got up 13.8% bigger, so value per square foot is up 6.3%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $100K purchase rents for $1,050/mo: 1.05% of price per month against the 1% rule's 1.00%.
Not shown: 1 BR (rent only, no matching sale price), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Rentals here take about 28 days longer to find a tenant than sales take to go under contract (median across 3 property types).
Not shown: Apartment (rented here, not sold), Condo (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 44104 itself, not its parent county.
Renters hold 70.6% of this ZIP's 8,051 occupied households, on a median household income of $24K.
| Measure | ZIP 44104 | Cuyahoga County | Difference |
|---|---|---|---|
| Median Household Income | $24K | $64K | -$40K |
| Below Poverty Level | 53.9% | 16.1% | +37.8% |
| Median Age | 31.70 | 40.40 | -8.70 |
| Total Population | 18,902 | 1,245,873 | -- |
| Avg Household Size | 2.31 | 2.20 | +0.11 |
| Owner-Occupied | 29.4% | 59.4% | -30.0% |
| Worked From Home | 3.4% | 15.5% | -12.1% |
| Mean Commute | 28.10 | 23.30 | +4.80 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.3% to 1,245,873: residents under 18 are down 1.0% and those 65 and over are up 2.2%.
County median household income is $64K, 16.1% of residents are below the poverty level, 15.5% work from home.