HousingHandbookReference data

U.S. ZIP Code · OH44053

Lorain County · Cleveland, OH

Typical home value

$240,573[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.0%
5-year / yr
+6.8%
10-year / yr
+6.8%

Relative price

vs U.S.
-15.3%
vs metro
-5.1%
vs state
+10.0%
ZIP 44053 location in OH
Location of ZIP 44053 in OH

Price history

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

The typical home in 44053 is worth $240,573 — 5.1% below the Cleveland, OH median. Over the past year, values have risen 4.0%. Homes here rent for a typical $921 a month — a 4.6% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

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

Monthly rent
$921[2]
Gross yield
4.6%[2]
Cap rate
2.8%[2]

#Property tax

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

Effective tax rate
1.2%[3]
Typical annual tax
$2,833[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
21,084[3]
Median household income
$67,484[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
2
Elementary
1
Middle
1
High
0
  • Lorain Preparatory Academy

    Elementary · Grades K–8 · Lorain Preparatory Academy

    457 students

  • Durling Middle School

    Middle · Grades 5–8 · Clearview Local

    447 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 yield4.6%
Net yield (after ~40% expenses)2.8%
Annual rent$11,055

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$1,216
Loan principal$192,458
Down payment$48,115
Total interest paid$245,470

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 ratio1.79
Monthly cost to own$1,654
Monthly rent$921

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
81st percentile[1]
Rental yield
2nd percentile[2]
Property tax
22nd percentile[3]

Frequently asked

How much is a home worth in ZIP code 44053?
The typical home in 44053 is worth $240,573, based on the Zillow Home Value Index.
Are home values rising in 44053?
Home values in 44053 are up 4.0% over the past year, and up 6.8% a year over five years.
What is the typical rent in 44053?
A typical home in 44053 rents for about $921 a month, a gross rental yield of 4.6%.
What is the property tax rate in 44053?
The effective property tax rate in 44053 is 1.2% — roughly $2,833 a year on a typical home.
Who lives in 44053?
ZIP code 44053 has a population of 21,084 and a median household income of $67,484.

#Comparable ZIPs

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

  • Berea, OH

    Typical home
    $243,202
    Gross yield
    6.0%
  • Middleburg Heights, OH

    Typical home
    $237,344
    Gross yield
    6.3%
  • Roaming Shores, OH

    Typical home
    $246,467
    Gross yield
  • Cleveland Heights, OH

    Typical home
    $247,008
    Gross yield
    7.4%
  • Madison, OH

    Typical home
    $231,621
    Gross yield
  • Pepper Pike, OH

    Typical home
    $252,194
    Gross yield
    7.5%

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