ZIP 44120 - 860Z200US44120 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 44120, located in the Cleveland area of Ohio, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the dynamics of this area.

Population & Households

ZIP 44120 is home to a population of 34,274 residents, making it a moderately sized community with a diverse mix of individuals and families. This area supports 16,992 households, reflecting a vibrant residential base. With 20,583 total housing units, there’s a notable spread of living arrangements, though not all units are occupied, suggesting potential opportunities for buyers or investors looking at vacancy rates. The ratio of population to households indicates an average household size of roughly 2 people, which may appeal to those seeking a balanced, community-oriented environment.

Income & Housing Costs

The median household income in ZIP 44120 stands at $46,326, positioning it as a community with moderate earning power. This income level can influence affordability and spending patterns, which are critical for businesses and investors to consider. On the housing front, the median home value is $115,700, offering a relatively accessible entry point for homebuyers compared to national averages. For renters, the median rent is $890 per month, providing a cost-effective alternative to homeownership. These figures suggest that ZIP 44120 could be an attractive option for first-time buyers or those seeking affordable rental properties.

Race & Ethnicity

The racial and ethnic composition of ZIP 44120 reflects a diverse yet predominantly Black community. Approximately 68.21% of residents identify as Black, while 21.37% identify as White, 2.16% as Asian, and 2.92% as Hispanic. This diversity shapes the cultural fabric of the area, offering unique opportunities for businesses catering to varied demographics and for residents seeking a multicultural environment. Understanding this breakdown can help stakeholders align their strategies with the community’s needs and preferences.

Key Facts

• Total population: 34,274 residents, indicating a mid-sized community.
• Total households: 16,992, supporting a strong residential presence.
• Total housing units: 20,583, with some vacancy potential for investors.
• Median household income: $46,326, reflecting moderate economic capacity.
• Median home value: $115,700, an accessible price point for buyers.
• Median rent: $890, offering affordable rental options.
• Racial composition: 68.21% Black, 21.37% White, 2.16% Asian, 2.92% Hispanic.

What This Means for You

For homebuyers, ZIP 44120 presents an opportunity to enter the housing market at a median value of $115,700, which is relatively affordable compared to many urban areas. The moderate median rent of $890 also makes this area viable for those not ready to buy. Real estate investors and agents should note the gap between total housing units (20,583) and occupied households (16,992), as it may signal vacant properties or untapped rental potential. The median income of $46,326 suggests tenants and buyers in this area prioritize affordability, so pricing strategies should reflect that reality.

For small-business owners, the diverse population of 34,274, with a significant Black majority, offers a chance to tailor products and services to cultural preferences and community needs. The moderate income levels indicate a customer base likely focused on value-driven offerings. Analysts can use these metrics to benchmark ZIP 44120 against neighboring areas, identifying trends in housing affordability or demographic shifts that could influence future growth.

Run This Study Yourself

• Visit ZipcodeGPT to access powerful tools for analyzing any ZIP code’s demographics and housing data.
• Enter ZIP 44120 or any other area of interest to generate a customized report with the latest insights.
• Use the detailed breakdowns to inform your next home purchase, investment, or business decision with confidence.