ZIP 44108 - 860Z200US44108 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 44108 in Cleveland, Ohio, as a place to live, invest, or start a business, understanding the local demographics and housing landscape is essential. This snapshot, based on 2023 data, offers a clear picture of the community’s population, income levels, housing costs, and racial composition. Whether you’re a homebuyer seeking affordability, an investor eyeing opportunities, or a small-business owner evaluating market potential, these insights will help you make informed decisions about ZIP 44108.

Population & Households

ZIP 44108 is home to a population of 20,579 residents. This community supports 8,924 households, indicating a mix of family and individual living arrangements. With 11,798 total housing units in the area, there’s a notable difference between occupied and available units, which could signal opportunities for buyers or investors looking to enter the market. Understanding the balance between population size and household distribution can help gauge the demand for housing and services in this area.

Income & Housing Costs

The median household income in ZIP 44108 stands at $32,530, reflecting a community with modest earning levels compared to national averages. For homebuyers, this income context is crucial when assessing affordability and mortgage qualifications. Housing costs align with this economic profile, with a median house value of $62,000—potentially attractive for first-time buyers or investors seeking lower entry points. Meanwhile, the median rent is $910 per month, offering a sense of rental market dynamics for landlords or tenants. These figures highlight ZIP 44108 as a potentially budget-friendly area, though income constraints may shape purchasing power and business customer bases.

Race & Ethnicity

The racial and ethnic makeup of ZIP 44108 is predominantly Black, with 88.05% of residents identifying as such. White residents account for 6.43% of the population, while Hispanic individuals make up 1.31%, and Asian residents represent just 0.27%. This demographic composition reflects a largely homogenous community, which can influence cultural dynamics, local businesses, and community services. For investors and business owners, understanding this breakdown is key to tailoring offerings or marketing strategies to resonate with the majority demographic while remaining inclusive of smaller groups.

Key Facts

• Total population: 20,579 residents in ZIP 44108 as of 2023.
• Total households: 8,924, supporting a diverse range of living situations.
• Total housing units: 11,798, with a mix of occupied and vacant properties.
• Median household income: $32,530, indicating a lower-to-moderate income community.
• Median house value: $62,000, suggesting affordable homeownership opportunities.
• Median rent: $910 per month, reflecting a reasonable rental market.
• Racial composition: 88.05% Black, 6.43% White, 1.31% Hispanic, 0.27% Asian.

What This Means for You

For homebuyers, ZIP 44108 offers a chance to enter the housing market at a median value of $62,000, which is significantly lower than many urban areas. This affordability could be ideal for first-time buyers, though it’s wise to consider the median household income of $32,530 when planning finances. Investors and real estate agents might find potential in the gap between total housing units (11,798) and occupied households (8,924), suggesting vacant properties or room for development. However, low median income levels may impact rental yields or resale values, so careful market analysis is recommended. Small-business owners can leverage the community’s size (20,579 residents) and predominantly Black demographic (88.05%) to create targeted products or services that meet local needs, while keeping pricing aligned with income realities. Analysts can use this data as a baseline to track trends in housing affordability or demographic shifts over time in ZIP 44108, providing deeper insights for clients or stakeholders.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 44108? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make data-driven decisions for buying, investing, or launching a business in any area of interest.