dynamic.RE
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A middling-yield market with real competition. Neither rent nor appreciation dominates the case.
What would change this read: a price correction (median already −20.4% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +5.8% YoY, is the number to watch.
The median listing price is down 20.4% YoY while the median home got down 16.1% bigger, so value per square foot is down 1.6%.
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 $276K purchase rents for $1,800/mo: 0.65% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 6 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Rentals here take about 4 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), Land (sold here, not rented), Townhouse (sold here, not rented).
U.S. Census ACS characteristics for ZIP 44124 itself, not its parent county.
Renters hold 35.6% of this ZIP's 19,281 occupied households, on a median household income of $82K.
| Measure | ZIP 44124 | Cuyahoga County | Difference |
|---|---|---|---|
| Median Household Income | $82K | $64K | +$18K |
| Below Poverty Level | 6.2% | 16.1% | -9.9% |
| Median Age | 43.80 | 40.40 | +3.40 |
| Total Population | 39,779 | 1,245,873 | -- |
| Avg Household Size | 2.03 | 2.20 | -0.17 |
| Owner-Occupied | 64.4% | 59.4% | +5.0% |
| Worked From Home | 19.9% | 15.5% | +4.4% |
| Mean Commute | 22.50 | 23.30 | -0.80 |
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.