ZIP 44104 - 860Z200US44104 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 44104 for a home purchase, investment opportunity, or business venture, understanding the demographic and housing landscape is essential. Located in Cleveland, Ohio, this area offers a unique profile for homebuyers, real estate investors, small-business owners, and analysts. This 2023 snapshot provides a clear, data-driven look at population, income, housing costs, and racial composition to help you make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 44104 distinct.

Population & Households

ZIP 44104 is home to a population of 19,716 residents as of 2023. This community supports 8,585 households, reflecting a mix of family and individual living arrangements. With 9,851 total housing units in the area, there’s a notable presence of both occupied and vacant properties. For those eyeing this ZIP code for residential or investment purposes, these figures suggest a moderately sized community with opportunities to engage with a diverse resident base.

Income & Housing Costs

The median household income in ZIP 44104 stands at $24,009, which is relatively low compared to national averages. This income level may influence affordability for potential homebuyers and the spending power of local consumers for business owners. On the housing front, the median house value is $60,600, indicating a market with accessible entry points for buyers or investors seeking lower-cost properties. For renters, the median rent is $654 per month, offering an affordable alternative to homeownership. These metrics highlight ZIP 44104 as a budget-friendly area, though income constraints could shape demand for goods, services, and housing.

Race & Ethnicity

The racial and ethnic composition of ZIP 44104 is predominantly Black, with 92.63% of the population identifying as such. White residents make up 3.32%, while Asian and Hispanic populations are smaller at 0.78% and 0.99%, respectively. This demographic makeup points to a largely homogenous community, which could influence cultural dynamics, business offerings, and community engagement strategies. For businesses and investors, understanding this composition can help tailor services or marketing to resonate with the majority demographic while remaining inclusive of smaller groups.

Key Facts

• Total population in ZIP 44104: 19,716 residents.
• Total households: 8,585, supporting a mix of living arrangements.
• Total housing units: 9,851, with a portion likely vacant or available.
• Median household income: $24,009, reflecting lower earning capacity.
• Median house value: $60,600, an affordable entry point for buyers.
• Median rent: $654, offering cost-effective rental options.
• Racial composition: 92.63% Black, 3.32% White, 0.78% Asian, 0.99% Hispanic.

What This Means for You

For homebuyers, ZIP 44104 presents an opportunity to enter the housing market at a low cost, with median home values at $60,600. However, consider the lower median income of $24,009 when assessing long-term affordability and neighborhood amenities. Real estate investors and agents might find value in the affordable housing stock and potential for rental income, given the $654 median rent and a significant number of housing units. Be mindful of vacancy rates and local demand when planning investments. Small-business owners can leverage the community’s size—nearly 20,000 residents—and predominantly Black demographic to offer targeted products or services, though disposable income may be limited. Finally, analysts can use this data to track trends in affordable housing markets or study demographic impacts on local economies. Across all groups, ZIP 44104 offers potential but requires careful consideration of economic constraints.

Run This Study Yourself

Want to explore ZIP 44104 or another area in greater depth? Follow these steps to uncover detailed insights tailored to your needs:

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