HousingHandbookReference data

U.S. ZIP Code · OH44123

Cuyahoga County · Cleveland, OH

Typical home value

$139,845[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.9%
5-year / yr
+5.8%
10-year / yr
+8.9%

Relative price

vs U.S.
-50.8%
vs metro
-44.8%
vs state
-36.1%
ZIP 44123 location in OH
Location of ZIP 44123 in OH

Price history

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

The typical home in 44123 is worth $139,845 — 44.8% below the Cleveland, OH median. Over the past year, values have risen 2.9%. Homes here rent for a typical $1,066 a month — a 9.1% gross rental yield. The effective property tax rate is 2.1%.

#Rent & investment

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

Monthly rent
$1,066[2]
Gross yield
9.1%[2]
Cap rate
5.5%[2]

#Property tax

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

Effective tax rate
2.1%[3]
Typical annual tax
$2,883[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
18,050[3]
Median household income
$55,676[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
4
Elementary
1
Middle
2
High
1
  • Euclid High School

    High · Grades 9–12 · Euclid City

    1,653 students

  • Euclid Middle School

    Middle · Grades 6–8 · Euclid City

    910 students

  • Pinnacle Academy

    Elementary · Grades K–8 · Pinnacle Academy

    730 students

  • Euclid Virtual Learning Academy

    Middle · Grades 2–8 · Euclid City

    29 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 yield9.1%
Net yield (after ~40% expenses)5.5%
Annual rent$12,790

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$707
Loan principal$111,876
Down payment$27,969
Total interest paid$142,692

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 ratio1.00
Monthly cost to own$1,064
Monthly rent$1,066

Owning and renting are roughly even.

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
25th percentile[1]
Rental yield
60th percentile[2]
Property tax
91st percentile[3]

Frequently asked

How much is a home worth in ZIP code 44123?
The typical home in 44123 is worth $139,845, based on the Zillow Home Value Index.
Are home values rising in 44123?
Home values in 44123 are up 2.9% over the past year, and up 5.8% a year over five years.
What is the typical rent in 44123?
A typical home in 44123 rents for about $1,066 a month, a gross rental yield of 9.1%.
What is the property tax rate in 44123?
The effective property tax rate in 44123 is 2.1% — roughly $2,883 a year on a typical home.
Who lives in 44123?
ZIP code 44123 has a population of 18,050 and a median household income of $55,676.

#Comparable ZIPs

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

  • Lorain, OH

    Typical home
    $139,130
    Gross yield
    9.5%
  • Garfield Heights, OH

    Typical home
    $141,120
    Gross yield
    11.8%
  • Shaker Heights, OH

    Typical home
    $136,290
    Gross yield
    10.7%
  • Cleveland, OH

    Typical home
    $134,600
    Gross yield
    11.5%
  • Kipton, OH

    Typical home
    $145,112
    Gross yield
  • Maple Heights, OH

    Typical home
    $133,934
    Gross yield
    13.3%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 44123 against any other ZIP — full side-by-side table.

Compare 44123

#Jump to section