ZIP 44124 - 860Z200US44124 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 44124, located in the Greater 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 homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re looking for a family-friendly neighborhood or a market with growth potential, understanding ZIP 44124’s profile is the first step.

Population & Households

ZIP 44124 is home to a population of 40,046 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 19,014 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 20,064, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters seeking options in this area, as well as a stable base for businesses catering to local needs.

Income & Housing Costs

The median household income in ZIP 44124 is $78,895, which positions this area as a relatively affluent community compared to national averages. This income level supports a comfortable lifestyle for many residents and signals purchasing power for local businesses. On the housing front, the median home value is $210,600, offering a range of options for prospective buyers looking for mid-priced properties. For renters, the median rent is $1,132 per month, which aligns with the income levels and suggests a balanced rental market. These figures provide a solid foundation for understanding affordability and investment potential in this ZIP code.

Race & Ethnicity

The demographic makeup of ZIP 44124 reflects a diverse yet predominantly white community. Approximately 69.44% of residents identify as white, followed by 14.61% as Black, 6.02% as Asian, and 3.98% as Hispanic. This diversity contributes to a culturally rich environment, which can be a draw for families and businesses alike. For investors and business owners, this mix indicates a varied customer base with different needs and preferences, while homebuyers may appreciate the inclusive atmosphere when choosing a place to settle.

Key Facts

• Total population: 40,046 residents, offering a substantial community for engagement.
• Total households: 19,014, indicating a strong residential base.
• Total housing units: 20,064, with some availability for new occupants.
• Median household income: $78,895, reflecting solid economic stability.
• Median home value: $210,600, appealing to mid-range buyers and investors.
• Median rent: $1,132, providing affordable options for renters.
• Racial composition: 69.44% white, 14.61% Black, 6.02% Asian, 3.98% Hispanic, showcasing diversity.

What This Means for You

For homebuyers, ZIP 44124 presents a promising opportunity with median home values at $210,600 and a slight surplus of housing units. This suggests you may have room to negotiate or find a property that fits your budget, especially with a median household income of $78,895 supporting a stable local economy. The area’s diversity and population size also point to a vibrant community for families or individuals seeking connection.

For real estate investors and agents, the data highlights potential in both buying and renting markets. With 20,064 housing units and a median rent of $1,132, there’s a steady demand for rentals alongside opportunities for property appreciation in a mid-priced market. The income levels suggest tenants and buyers with reliable financial capacity.

For small-business owners, the population of 40,046 and diverse demographic profile mean a broad customer base. The median income indicates disposable income for goods and services, while the suburban setting could be ideal for retail, dining, or professional services catering to local households.

For analysts, these metrics provide a baseline for deeper market studies, whether you’re assessing housing trends, economic health, or community needs in ZIP 44124. The balance of income, housing costs, and diversity offers a nuanced view of this area’s potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 44124? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to inform your next home purchase, investment decision, or business strategy with confidence.