JeffCroweCRE

Housing market/Ohio/ZIP 44124

ACS 2023 · FY2027 SAFMR

ZIP 44124 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
40,046
Households
19,014
Median HH income
$78,895
Renter share
36.1%
Median gross rent
$1,132
Vacancy
5.2%
Pop. change
+6.1%
2BR SAFMR
$1,470
SAFMR / rent
1.299×
2–49 unit stock
2,431
LIHTC proj / units
1 / 191
HUD assisted MF
5 / 555

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 44124 · OH — sent to you.

ZIP 44124 · OH

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ACS rent vs 2BR SAFMR

ZIP 44124 — Cleveland, OH HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,132
2BR SAFMR$1,470
90% floor$1,323
110% ceiling$1,617

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

Housing stock

ACS 2023 units-in-structure · ZCTA 44124

  • 1-unit detached13,11965.4%
  • 1-unit attached4582.3%
  • 2–4 units2791.4%
  • 5–49 units2,15210.7%
  • 50+ units4,04020.1%
  • Mobile160.1%
TypeUnitsShare
1-unit detached13,11965.4%
1-unit attached4582.3%
2 units (duplex)690.3%
3–4 units2101.0%
5–9 units9244.6%
10–19 units3661.8%
20–49 units8624.3%
50+ units4,04020.1%
Mobile160.1%

2–4 unit share 1.4% · 5–49 unit share 10.7% · combined 2–49 12.1%.

Units by bedrooms

Studio
336
1BR
2,759
2BR
4,637
3BR
7,625
4BR
3,855
5+
852

Rent burden

Rent ≥30% of income39.2%
Rent ≥50% of income17.6%
  • ACS median gross rent $1,132 (all bedrooms, occupied rentals).
  • Median contract rent $1,033.
  • Renters paying ≥30% of income 39.2%; ≥50% 17.6%.
  • FY2027 2BR SAFMR $1,470 (1.299× ACS median gross rent).

Population

40,046 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +6.1%.

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

Assisted inventory

  • LIHTC: 1 projects, 191 units.
  • HUD project-based assisted MF: 5 properties, 555 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 44124 36.1% of occupied households are renters; vacancy is 5.2%; ACS median gross rent is $1,132; population increased +6.1% between the 2018 and 2023 ACS vintages; the housing stock includes 279 units in 2–4-unit structures and 2,152 units in 5–49-unit structures; 1 LIHTC projects totaling 191 units; FY2027 2BR SAFMR is $1,470 versus ACS median gross rent of $1,132. 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 44124 is a Census / HUD profile for Cleveland, OH. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 44124 — 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 44124?

ZIP 44124 (Cleveland, OH HUD Metro FMR Area) has 40,046 residents, 19,014 households, a renter share of 36.1%, median household income of $78,895, and ACS 2023 median gross rent of $1,132. Vacancy is 5.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 44124?

ACS counts 69 units in 2-unit buildings, 210 in 3–4 unit buildings, 924 in 5–9, 366 in 10–19, and 862 in 20–49. Combined 2–49 unit stock is 2,431 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 44124?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,470. See the full schedule and 90–110% payment-standard band on the ZIP 44124 — Cleveland, OH HUD Section 8 Payment Standards / SAFMR.

Does this Ohio ZIP profile include Georgia listings?

No. ZIP 44124 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.