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Rental Insights for ZIP Code 44108 (Cleveland, OH)

Housing Rentals in ZIP Code 44108 (Cleveland, OH)

44108 ZIP Code in Ohio

Learn About Housing Rentals in the ZIP Code 44108

ZIP Code 44108 is primarily located in Cleveland, OH in Cuyahoga County. This Ohio region has an estimated median housing rent of $712 per month. Approximately 53.3% of housing units in this Cuyahoga County ZIP Code are renter-occupied, and the region has an estimated rental vacancy rate of 5.1%.

The median rent in ZIP Code 44108 of $712 per month is 12% lower than the aggregate Ohio median monthly rent of $808, and is 33% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 67.6% of residents in ZIP Code 44108 pay between $500 and $999 per month for rent. That is 16% higher than in Ohio overall, in which 58.3% of total state residents pay between $500 and $999 per month for housing. Just 0.1% of renters in ZIP Code 44108 pay $3,000 or more for monthly rent.

ZIP Code 44108 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 44108

See the chart below for a comparison of monthly rental costs in ZIP Code 44108, Ohio, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 44108 along with those in the state of Ohio and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 44108

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 44108 Ohio U.S.
Less than $500 13.8% 13.5% 9.4%
$500 to $999 67.6% 58.3% 36.2%
$1,000 to $1,499 16.2% 22.3% 30.0%
$1,500 to $1,999 1.9% 4.1% 14.0%
$2,000 to $2,499 0.4% 1.0% 5.6%
$2,500 to $2,999 0.1% 0.3% 2.4%
$3,000 or more 0.1% 0.4% 2.4%

Rent Cost vs. Income in ZIP Code 44108

Renters in ZIP Code 44108 use an estimated 31.48% of their income to cover their monthly rent payments. That is about 11% higher than in Ohio overall. The estimate for Ohio overall is 28.47% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 44108 renters use about 6% more of their income to cover rent expense. Household income figures for ZIP Code 44108 come in lower than in Ohio as a whole. The median annual household income in ZIP Code 44108 of $27,595 sits approximately 51% lower than the overall Ohio median income of $56,602 and approximately 56% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 44108

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 44108, Ohio, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 44108 along with the same calculations in the state of Ohio and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 44108

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 44108 Ohio U.S.
Less than 15.0 percent 12.4% 15.9% 13.1%
15.0 to 19.9 percent 8.8% 14.5% 12.9%
20.0 to 24.9 percent 9.8% 13.0% 12.9%
25.0 to 29.9 percent 14.0% 11.7% 11.6%
30.0 to 34.9 percent 8.2% 8.4% 9.1%
35.0 percent or more 47.0% 36.4% 40.5%

Household Income in ZIP Code 44108

See the table below for the regional comparison of annual household income in ZIP Code 44108.

Income ZIP 44108 Ohio U.S.
Less than $10,000 18.4% 6.8% 6.0%
$10,000 to $14,999 9.2% 4.6% 4.3%
$15,000 to $24,999 17.1% 9.9% 8.9%
$25,000 to $34,999 14.5% 9.8% 8.9%
$35,000 to $49,999 14.6% 13.4% 12.3%
$50,000 to $74,999 10.7% 18.3% 17.2%
$75,000 to $99,999 5.6% 13.0% 12.7%
$100,000 to $149,999 6.2% 14.1% 15.1%
$150,000 to $199,999 1.6% 5.3% 6.8%
$200,000 or more 2.3% 4.9% 7.7%

Household Income in ZIP Code 44108

See the chart below for a comparison of annual household income figures in ZIP Code 44108, Ohio, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 44108 alongside the same figures for the state of Ohio and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 44108

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 44108.

ZIP 44108 Ohio U.S.
Median Housing Rent $712 $808 $1,062
Renter-Occupied Housing Units 53.3% 33.9% 36.0%
Rental Vacancy Rate 5.1% 5.3% 6.0%
Average Size of Renter-Occupied Unit 2.40 2.23 2.49
Average # of Bedrooms Per Unit 2.81 2.78 2.75
Percent of Income Spent on Rent 31.48% 28.47% 29.83%
Per Capita Income $21,891 $31,552 $34,103
Median Household Income $48,453 $76,958 $88,607
Living Below the Poverty Line 25.9% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 44108

In ZIP Code 44108 (Cleveland, OH), and estimated 53.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.1%.

The per capita income in 44108 is estimated at $21,891, which goes along with an estimated median household income of $48,453. About 25.9% of residents in this Cuyahoga County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.40 occupants, while the units have an aggregate average size of 2.81 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 31.48% of their income on housing rental costs.

Rental FAQs for ZIP Code 44108

1

What is the median monthly rent in ZIP Code 44108?

Median rent for housing in ZIP Code 44108 in Cuyahoga County in Ohio is approximately $712 per month.
2

Is it expensive to rent in ZIP Code 44108?

Rent in ZIP Code 44108 is lower than average in the state of Ohio overall. The median monthly rent of $712 in ZIP Code 44108 is approximately 12% lower than the Ohio median of $808. Additionally, median rent in this Cleveland, OH region ($712) is about 33% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 44108?

High-priced rentals are less common in ZIP Code 44108 than in Ohio overall. The percentage of rentals in ZIP Code 44108 that cost $3,000 or more per month (0.1%) is about 75% lower than the Ohio rate of 0.4% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 96% higher than the aforementioned 44108 rate of 0.1%.
4

Are affordable rentals common in ZIP Code 44108?

Affordable rentals are more common in ZIP Code 44108 than in Ohio overall. The percentage of housing rentals in ZIP Code 44108 costing $999 or less per month (81.4%) is approximately 13% higher than the Ohio rate of 71.8% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 79% lower than the previously mentioned 44108 rate of 81.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 44108?

The most common range for rental cost in ZIP Code 44108 is between $500 and $999 per month. About 67.6% of renters in 44108 pay in this range for monthly rent. In comparison, approximately 58.3% of renters in the state of Ohio fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 44108 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 44108 is lower than the rental vacancy rate in the state of Ohio overall. Rental vacancy of 5.1% in ZIP Code 44108 is about 4% lower than the Ohio rate of 5.3%. Looking more broadly, rental vacancy in this Cleveland, OH region (5.1%) is an estimated 15% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 44108? How does it compare to other Ohio regions?

Median household income in ZIP Code 44108 is lower than in the state of Ohio overall. Annual household income of $27,595 in ZIP Code 44108 is about 51% lower than the Ohio median of $56,602. Additionally, median household income in this Cleveland, OH region ($27,595) is approximately 56% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 44108 spend on housing costs?

Renters in ZIP Code 44108 spend a higher amount of their income on rent costs than do renters in Ohio overall. Renters in ZIP Code 44108 spend an estimated 31.48% of their income on rent payments, which is about 11% higher than the overall Ohio estimated rate of 28.47%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 6% lower than the ZIP Code 44108 estimated rate of 31.48%.
9

Do renters in ZIP Code 44108 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 44108 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 44108 spending 30 percent or more of their income on rent costs (55.2%) is approximately 23% higher than the Ohio rate of 44.8% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 11% lower than the aforementioned 44108 rate of 55.2%.
10

What is the average household size of renter-occupied units in ZIP Code 44108?

The average household size of renter-occupied units in ZIP Code 44108 is higher than in the state of Ohio overall. Annual household size of 2.40 in ZIP Code 44108 is about 8% higher than the Ohio median of 2.23. Additionally, median household size in this Cleveland, OH region (2.40) is approximately 4% lower than median household size of 2.49 in the U.S. as a whole.

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