The housing market in the 44109 zip code of Cleveland, OH is doing well compared to the national median value. The median value of a home in this area is $123,100, which is significantly lower than the US median value of $338,100. In terms of appreciation rate, homes in this area are appreciating at 8.35%, just slightly higher than the US average of 8.27%. These figures indicate that overall housing is stable and performing better than the national average in this Cleveland suburb.
The median home cost in Cleveland (zip 44109) is $123,100. Home appreciation the last 10 years has been 79.6%. Home Appreciation in Cleveland (zip 44109) is up 12.6%.
Average Age of Homes
- The median age of Cleveland (zip 44109) real estate is 78 years old
The Rental Market in Cleveland (zip 44109)
- Renters make up 42.3% of the Cleveland (zip 44109) population
- 2.7% of houses and apartments in Cleveland (zip 44109), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.