How much is a home worth in ZIP code 44039?

The typical home in 44039 is worth $326,650, based on the Zillow Home Value Index.

Are home values rising in 44039?

Home values in 44039 are up 4.9% over the past year, and up 6.4% a year over five years.

What is the typical rent in 44039?

A typical home in 44039 rents for about $1,959 a month, a gross rental yield of 7.2%.

What is the property tax rate in 44039?

The effective property tax rate in 44039 is 1.4% — roughly $4,583 a year on a typical home.

ZIP code 44039 has a population of 36,780 and a median household income of $96,485.

HousingHandbookReference data

…

U.S. ZIP Code · OH44039

Lorain County · Cleveland, OH

Typical home value

$326,650^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.9%
5-year / yr: +6.4%
10-year / yr: +6.6%

Relative price

vs U.S.: +15.0%
vs metro: +28.9%
vs state: +49.4%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 44039 is worth $326,650 — 28.9% above the Cleveland, OH median. Over the past year, values have risen 4.9%. Homes here rent for a typical $1,959 a month — a 7.2% gross rental yield. The effective property tax rate is 1.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,959^[2]
Gross yield: 7.2%^[2]
Cap rate: 4.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.4%^[3]
Typical annual tax: $4,583^[3]

#Climate risk

FEMA National Risk Index ratings for Lorain County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Very Low
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Low
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 36,780^[3]
Median household income: $96,485^[3]

#Migration

Household moves in and out of Lorain County over a year, from IRS tax-return data.

Net migration: +547^[5]
Moved in: 6,861
Moved out: 6,314

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 2
Middle: 2
High: 1

North Ridgeville Academic Center
Middle · Grades 3–8 · North Ridgeville City
1,864 students
North Ridgeville High School
High · Grades 9–12 · North Ridgeville City
1,263 students
Liberty Elementary School
Elementary · Grades 1–2 · North Ridgeville City
597 students
North Ridgeville Early Childhood Learning Community
Elementary · Grades PK–K · North Ridgeville City
501 students
Ranger High Tech Academy
Middle · Grades 2–8 · North Ridgeville City
294 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield7.2%

Net yield (after ~40% expenses)4.3%

Annual rent$23,507

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,652

Loan principal$261,320

Down payment$65,330

Total interest paid$333,299

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.18

Monthly cost to own$2,305

Monthly rent$1,959

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 53rd percentile^[1]
Rental yield: 47th percentile^[2]
Property tax: 48th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 44039?: The typical home in 44039 is worth $326,650, based on the Zillow Home Value Index.
Are home values rising in 44039?: Home values in 44039 are up 4.9% over the past year, and up 6.4% a year over five years.
What is the typical rent in 44039?: A typical home in 44039 rents for about $1,959 a month, a gross rental yield of 7.2%.
What is the property tax rate in 44039?: The effective property tax rate in 44039 is 1.4% — roughly $4,583 a year on a typical home.
Who lives in 44039?: ZIP code 44039 has a population of 36,780 and a median household income of $96,485.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

44273 vs 44039 →
Seville, OH
Typical home
$325,683
Gross yield
—
44275 vs 44039 →
Spencer, OH
Typical home
$324,210
Gross yield
—
44065
OH
Typical home
$319,226
Gross yield
—
44212
Brunswick, OH
Typical home
$317,242
Gross yield
5.9%
44281
Wadsworth, OH
Typical home
$315,607
Gross yield
6.5%
44131
Independence, OH
Typical home
$314,884
Gross yield
—

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#Jump to section

U.S. ZIP Code · OH44039

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