44132, Euclid, OH

The 44132 zip code of Euclid, OH has a population of around 25,000 people. The median household income in this zip code is $60,000 which is considerably lower than the national median household income of $59,000. The homeownership rate in this zip code is just over 60%, which is significantly higher than the nationwide homeownership rate of just over 50%.

One reason why the homeownership rate in the 44132 zip code is so high may be because there are a limited number of available homes for sale in this area. In fact, according to Zillow’s Home Price Index data from August 2018, the median home price in this zip code was $157,500. This means that even if you were to purchase a home in this zip code for only $100,000 it would still be worth more than two-thirds of your annual gross income!

Another factor that may contribute to the high homeownership rate in the 44132 zip code is that there are relatively few households that are rent-to-own or rent-to-be-owned. According to Zillow’s Rent Index data from August 2018, only 2% of households in this zipcode are rent-to-own or rent-to-be-owned. This means that most households here have either owned their homes outright or are currently living within reach of doing so.