ZIP 44102 - 860Z200US44102 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 44102, located in Cleveland, Ohio, this demographic and housing snapshot offers a clear picture of the area in 2023. With a diverse population, affordable housing, and a range of household dynamics, this ZIP code presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing in 44102.

Population & Households

ZIP 44102 is home to a population of 40,178 residents as of 2023, making it a moderately sized community within the Cleveland area. These residents are distributed across 19,189 households, indicating a mix of family and individual living arrangements. With 22,984 total housing units in the area, there’s a notable number of vacant or potentially available properties—about 16% of units are unoccupied. This could signal opportunities for buyers or investors looking to enter the market, or it may reflect local economic or mobility trends worth exploring further.

Income & Housing Costs

The median household income in ZIP 44102 stands at $40,303, which is below the national average but reflects the affordability of the area. For homebuyers or renters, this income level suggests a community where cost of living may be more manageable compared to higher-income ZIP codes. Housing costs align with this affordability: the median house value is $99,300, offering a relatively low entry point for potential homeowners or real estate investors. Meanwhile, the median rent is $911 per month, which could appeal to renters seeking reasonable costs or landlords assessing rental income potential. These figures position 44102 as a budget-friendly option in the Cleveland region.

Race & Ethnicity

The demographic makeup of ZIP 44102 is notably diverse, reflecting a blend of cultural backgrounds that can enrich community life and business opportunities. White residents make up 49.33% of the population, followed by Hispanic or Latino residents at 25.4%, and Black or African American residents at 17.89%. Asian residents account for 1.46% of the population. This diversity can be a draw for businesses aiming to serve varied customer bases or for families seeking a multicultural environment. It also underscores the importance of inclusive marketing and community engagement for small-business owners or investors in this area.

Key Facts

• Total population: 40,178 residents in 2023, a mid-sized community in Cleveland.
• Total households: 19,189, reflecting a mix of family and solo living.
• Total housing units: 22,984, with approximately 16% unoccupied.
• Median household income: $40,303, indicating an affordable cost of living.
• Median house value: $99,300, a budget-friendly option for buyers.
• Median rent: $911 per month, attractive for renters and landlords.
• Racial diversity: 49.33% White, 25.4% Hispanic, 17.89% Black, 1.46% Asian.

What This Means for You

For homebuyers, ZIP 44102 offers an affordable entry into homeownership with a median house value of $99,300. The lower median income and rent costs suggest you can stretch your budget further here compared to pricier areas, though it’s wise to assess neighborhood-specific amenities and growth potential. Real estate investors and agents may find value in the surplus of housing units—potentially vacant properties could be flipped or rented out, especially given the reasonable median rent of $911. However, understanding vacancy reasons (economic or otherwise) will be key to minimizing risk.

For small-business owners, the diverse population of 40,178 offers a broad customer base, but the median income of $40,303 suggests focusing on value-driven products or services. Tailoring offerings to the cultural diversity (notably the significant Hispanic and Black communities) could build loyalty and trust. Analysts can use these metrics to benchmark 44102 against nearby ZIP codes, identifying trends in housing availability or demographic shifts that might influence future market dynamics.

Run This Study Yourself

Want to dive deeper into ZIP 44102 or compare it with other areas? Follow these simple steps to uncover detailed insights tailored to your needs:

• Visit ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code, including 44102, to generate a comprehensive report with the latest data.
• Use the insights to inform your homebuying, investment, or business decisions with confidence.