How much is a home worth in ZIP code 44116?

The typical home in 44116 is worth $400,698, based on the Zillow Home Value Index.

Are home values rising in 44116?

Home values in 44116 are up 6.3% over the past year, and up 6.8% a year over five years.

What is the typical rent in 44116?

A typical home in 44116 rents for about $1,402 a month, a gross rental yield of 4.2%.

What is the property tax rate in 44116?

The effective property tax rate in 44116 is 1.8% — roughly $7,351 a year on a typical home.

ZIP code 44116 has a population of 21,532 and a median household income of $93,799.

HousingHandbookReference data

…

U.S. ZIP Code · OH44116

Cuyahoga County · Cleveland, OH

Typical home value

$400,698^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +6.3%
5-year / yr: +6.8%
10-year / yr: +6.5%

Relative price

vs U.S.: +41.1%
vs metro: +58.1%
vs state: +83.2%

Price history

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

The typical home in 44116 is worth $400,698 — 58.1% above the Cleveland, OH median. Over the past year, values have risen 6.3%. Homes here rent for a typical $1,402 a month — a 4.2% gross rental yield. The effective property tax rate is 1.8%.

#Rent & investment

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

Monthly rent: $1,402^[2]
Gross yield: 4.2%^[2]
Cap rate: 2.5%^[2]

#Property tax

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

Effective tax rate: 1.8%^[3]
Typical annual tax: $7,351^[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: 21,532^[3]
Median household income: $93,799^[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: 5
Elementary: 2
Middle: 1
High: 1

Rocky River High School
High · Grades 9–12 · Rocky River City
825 students
Kensington Intermediate Elementary School
Elementary · Grades 3–5 · Rocky River City
593 students
Goldwood Primary Elementary School
Elementary · Grades K–2 · Rocky River City
572 students
Rocky River Middle School
Middle · Grades 6–8 · Rocky River City
552 students
Rocky River Early Childhood Center at Beach School
Prekindergarten · Grades PK · Rocky River City
54 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 yield4.2%

Net yield (after ~40% expenses)2.5%

Annual rent$16,828

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$2,026

Loan principal$320,558

Down payment$80,140

Total interest paid$408,854

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 ratio2.12

Monthly cost to own$2,971

Monthly rent$1,402

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: 80th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 77th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 44116?: The typical home in 44116 is worth $400,698, based on the Zillow Home Value Index.
Are home values rising in 44116?: Home values in 44116 are up 6.3% over the past year, and up 6.8% a year over five years.
What is the typical rent in 44116?: A typical home in 44116 rents for about $1,402 a month, a gross rental yield of 4.2%.
What is the property tax rate in 44116?: The effective property tax rate in 44116 is 1.8% — roughly $7,351 a year on a typical home.
Who lives in 44116?: ZIP code 44116 has a population of 21,532 and a median household income of $93,799.

#Comparable ZIPs

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

44028 vs 44116 →
OH
Typical home
$400,727
Gross yield
—
44253 vs 44116 →
OH
Typical home
$388,241
Gross yield
—
44149
Strongsville, OH
Typical home
$385,851
Gross yield
—
44140
Bay Village, OH
Typical home
$418,966
Gross yield
6.3%
44145
Westlake, OH
Typical home
$419,560
Gross yield
5.6%
44256
Medina, OH
Typical home
$379,314
Gross yield
6.0%

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Pit ZIP 44116 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OH44116

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