Compare with
A cash-flow-lean market. Rents carry the return here rather than price growth.
What would change this read: price growth (median −10.4% YoY) outrunning rents would pull rent-to-price back under 0.8%/mo and weaken the cash-flow case. inventory, −0.5% YoY, is the number to watch.
The median listing price is down 10.4% YoY while the median home got up 5.8% bigger, so value per square foot is down 14.2%.
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 $1,099/mo: 1.10% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 1 BR (rent only, no matching sale price), 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 59 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 44108 itself, not its parent county.
Renters hold 47.4% of this ZIP's 8,794 occupied households, on a median household income of $35K.
| Measure | ZIP 44108 | Cuyahoga County | Difference |
|---|---|---|---|
| Median Household Income | $35K | $64K | -$30K |
| Below Poverty Level | 30.9% | 16.1% | +14.8% |
| Median Age | 38.80 | 40.40 | -1.60 |
| Total Population | 19,381 | 1,245,873 | -- |
| Avg Household Size | 2.19 | 2.20 | -0.01 |
| Owner-Occupied | 52.6% | 59.4% | -6.7% |
| Worked From Home | 9.8% | 15.5% | -5.7% |
| Mean Commute | 24.00 | 23.30 | +0.70 |
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.