JeffCroweCRE

Housing market/Ohio/ZIP 44115

ACS 2023 · FY2027 SAFMR

ZIP 44115 Cleveland, Ohio

Cleveland, OH HUD Metro FMR Area · Ohio. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
10,389
Households
5,106
Median HH income
$21,293
Renter share
91.7%
Median gross rent
$850
Vacancy
10.3%
Pop. change
+25.4%
2BR SAFMR
$1,630
SAFMR / rent
1.918×
2–49 unit stock
1,616
LIHTC proj / units
12 / 2,552
HUD assisted MF
13 / 1,674

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 44115 · OH — sent to you.

ZIP 44115 · OH

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ACS rent vs 2BR SAFMR

ZIP 44115 — Cleveland, OH HUD Section 8 Payment Standards / SAFMR →
ACS median rent$850
2BR SAFMR$1,630
90% floor$1,467
110% ceiling$1,793

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 44115

  • 1-unit detached4568.0%
  • 1-unit attached5329.3%
  • 2–4 units2203.9%
  • 5–49 units1,39624.5%
  • 50+ units3,08754.2%
TypeUnitsShare
1-unit detached4568.0%
1-unit attached5329.3%
2 units (duplex)731.3%
3–4 units1472.6%
5–9 units59810.5%
10–19 units1933.4%
20–49 units60510.6%
50+ units3,08754.2%
Mobile00.0%

2–4 unit share 3.9% · 5–49 unit share 24.5% · combined 2–49 28.4%.

Units by bedrooms

Studio
793
1BR
2,261
2BR
1,209
3BR
1,114
4BR
272
5+
42

Rent burden

Rent ≥30% of income38.8%
Rent ≥50% of income24.3%
  • ACS median gross rent $850 (all bedrooms, occupied rentals).
  • Median contract rent $758.
  • Renters paying ≥30% of income 38.8%; ≥50% 24.3%.
  • FY2027 2BR SAFMR $1,630 (1.918× ACS median gross rent).

Population

10,389 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +25.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 12 projects, 2,552 units.
  • HUD project-based assisted MF: 13 properties, 1,674 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,117 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 44115 91.7% of occupied households are renters; vacancy is 10.3%; ACS median gross rent is $850; population increased +25.4% between the 2018 and 2023 ACS vintages; the housing stock includes 220 units in 2–4-unit structures and 1,396 units in 5–49-unit structures; 12 LIHTC projects totaling 2,552 units; FY2027 2BR SAFMR is $1,630 versus ACS median gross rent of $850. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Ohio research

ZIP 44115 is a Census / HUD profile for Cleveland, OH. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 44115 — Cleveland, OH HUD Section 8 Payment Standards / SAFMR·Ohio ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
44001Cleveland, OH HUD Metro FMR Area12.4%$947$1,19044011Cleveland, OH HUD Metro FMR Area11.8%$1,446$1,84044012Cleveland, OH HUD Metro FMR Area17.8%$1,500$1,85044017Cleveland, OH HUD Metro FMR Area26.8%$981$1,27044021Cleveland, OH HUD Metro FMR Area19.2%$926$1,15044022Cleveland, OH HUD Metro FMR Area8.5%$1,446$1,83044023Cleveland, OH HUD Metro FMR Area12.9%$2,396$1,91044024Cleveland, OH HUD Metro FMR Area13.0%$1,022$1,34044026Cleveland, OH HUD Metro FMR Area10.3%$884$1,53044028Cleveland, OH HUD Metro FMR Area8.9%$1,438$1,87044033Cleveland, OH HUD Metro FMR Area——$1,25044035Cleveland, OH HUD Metro FMR Area36.9%$871$1,150

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Ohio research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 44115?

ZIP 44115 (Cleveland, OH HUD Metro FMR Area) has 10,389 residents, 5,106 households, a renter share of 91.7%, median household income of $21,293, and ACS 2023 median gross rent of $850. Vacancy is 10.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 44115?

ACS counts 73 units in 2-unit buildings, 147 in 3–4 unit buildings, 598 in 5–9, 193 in 10–19, and 605 in 20–49. Combined 2–49 unit stock is 1,616 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 44115?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,630. See the full schedule and 90–110% payment-standard band on the ZIP 44115 — Cleveland, OH HUD Section 8 Payment Standards / SAFMR.

Does this Ohio ZIP profile include Georgia listings?

No. ZIP 44115 is Census / HUD research for Cleveland, OH HUD Metro FMR Area. Jeff Crowe CRE does not list Ohio property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.