44109, Cleveland, OH

The 44109 zip code of Cleveland, OH has a population of over 330,000 people and is home to many different types of households. In this zip code, there are a total of 1,827 homes for sale and an average home price of $128,000. The majority (86%) of homes in this zip code are single family homes while the remaining 14% are condos or apartments.

Home equity is one important factor to consider when purchasing a home in the 44109 zip code. Home equity is the difference between what a homeowner owes on their mortgage and the value of their home. In this zip code, the average homeowner has $87,000 in home equity. This means that homeowners have more than enough money to cover any unexpected costs associated with owning their home such as repairs or upgrades.

Another important factor to consider when purchasing a home in the 44109 zip code is the current market conditions. The current market conditions will determine how much money homeowners can borrow against their home equity to purchase a new or existing home. In this zip code, borrowers can typically borrow up to 80% of theirhome's value which makes it an affordable option for buyers looking for a starter or secondary residence.