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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 +2.4% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −0.6% YoY, is the number to watch.
The median listing price is up 2.4% YoY while the median home got down 4.6% bigger, so value per square foot is down 7.7%.
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 $163K purchase rents for $1,209/mo: 0.74% 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), 5 BR (sale only, no matching rent).
Sales here take about 22 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Townhouse (sold here, not rented).
Not shown: Condo (no rent per sq ft reported).
U.S. Census ACS characteristics for ZIP 44135 itself, not its parent county.
Renters hold 39.8% of this ZIP's 11,372 occupied households, on a median household income of $54K.
| Measure | ZIP 44135 | Cuyahoga County | Difference |
|---|---|---|---|
| Median Household Income | $54K | $64K | -$11K |
| Below Poverty Level | 26.9% | 16.1% | +10.8% |
| Median Age | 37.90 | 40.40 | -2.50 |
| Total Population | 28,022 | 1,245,873 | -- |
| Avg Household Size | 2.42 | 2.20 | +0.22 |
| Owner-Occupied | 60.2% | 59.4% | +0.9% |
| Worked From Home | 12.3% | 15.5% | -3.2% |
| Mean Commute | 21.50 | 23.30 | -1.80 |
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.