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Cleveland city, OH

ZIP 44115 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 44115

Median Home Value
$151,300
Median Rent
$758
Affordability Snapshot
$42,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$972/mo PITI).

43%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

7.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

16.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 44115 in Cleveland city, OH, a household would need roughly $42,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $972. That is about 97% above the local median household income ($21,293), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
8.3%-87% vs US avg
x
Vacancy Rate
10.3%-0% vs US avg
x
Broadband Access
74.6%-14% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
2.5%-63% vs US avg
x
Rent Burden >30%
24.3%-51% vs US avg
x
Mortgage-Free
26.8%-30% vs US avg
x
$151,300
Home Value
$758
Rent
1961
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached8.0%
  • 1-unit attached9.3%
  • 2-9 units14.4%
  • 10+ units68.3%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$151,300
Median rent$758
Owner-occupied8.3%
Vacant10.3%
Price-to-income7.1x
Est. income to buy$42,000