Cleveland-Elyria, OH · Ohio
Medina County
ZIP 44253
183,049 residents435 permits TTM$92,660 median HHI13 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$268,000
ACS 5-Year
Cap rate proxy
5.4%
FMR × 0.65 ÷ Home Value
Rent-to-income
14.1%
HUD FMR ÷ ACS HHI
Net migration
+1.94%
IRS SOI
Permits (TTM)
435
Census BPS
Climate risk
69.0
FEMA NRI (0–100)
ZIP 44253
Median home value
—
Gross yield
—
Cap rate
3.5%
Rent gap
7.6%
Affordability
P/I: 4.1R/I: —
Section 8 detail
SAFMR: $1,180Rent: $1,090Gap: 8.3%
ZIP code breakdown13 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 44215 | — | — | — | 6.4% | 13.5% |
| 44274 | — | — | — | 4.9% | 11.4% |
| 44251 | — | — | — | 4.9% | 39.8% |
| 44254 | — | — | — | 5.4% | -4.8% |
| 44275 | — | — | — | 4.2% | 11.4% |
Ranked by composite score
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Demographics
Owner-occupied
80.0%
Census ACS
Vacancy rate
4.2%
Census ACS
Bachelor's degree +
36.2%
Census ACS
Rent burdened
40.2%
Census ACS (>30% income)
Median age
43.1
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026