HousingHandbookReference data

U.S. ZIP Code · OH44040

Cuyahoga County · Cleveland, OH

Typical home value

$706,742[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.5%
5-year / yr
+6.3%
10-year / yr
+4.8%

Relative price

vs U.S.
+148.8%
vs metro
+178.9%
vs state
+223.2%
ZIP 44040 location in OH
Location of ZIP 44040 in OH

Price history

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

The typical home in 44040 is worth $706,742 — 178.9% above the Cleveland, OH median. Over the past year, values have risen 5.5%. The effective property tax rate is 1.9%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.9%[3]
Typical annual tax
$13,654[3]

#Climate risk

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

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

#Who lives here

Population
3,063[3]
Median household income
$228,942[3]

#Migration

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

Net migration
-3,403[5]
Moved in
21,862
Moved out
25,265

Schools

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

Public schools
1
Elementary
1
Middle
0
High
0
  • Gates Mills Elementary School

    Elementary · Grades K–5 · Mayfield City

    114 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$3,574
Loan principal$565,393
Down payment$141,348
Total interest paid$721,128

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.

Own : rent ratio
Monthly cost to own$5,299
Monthly rent

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
48th percentile[1]
Rental yield
[2]
Property tax
83rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 44040?
The typical home in 44040 is worth $706,742, based on the Zillow Home Value Index.
Are home values rising in 44040?
Home values in 44040 are up 5.5% over the past year, and up 6.3% a year over five years.
What is the property tax rate in 44040?
The effective property tax rate in 44040 is 1.9% — roughly $13,654 a year on a typical home.
Who lives in 44040?
ZIP code 44040 has a population of 3,063 and a median household income of $228,942.

#Comparable ZIPs

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

  • Hunting Valley, OH

    Typical home
    $593,287
    Gross yield
  • OH

    Typical home
    $503,418
    Gross yield
  • Bainbridge CDP, OH

    Typical home
    $484,607
    Gross yield
  • Valley City CDP, OH

    Typical home
    $483,871
    Gross yield
  • Avon, OH

    Typical home
    $476,648
    Gross yield
    5.3%
  • Solon, OH

    Typical home
    $460,535
    Gross yield
    6.9%

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