44221, Cuyahoga Falls, OH

The 44221 zip code of Cuyahoga Falls, OH has a population of approximately 30,000 people. The median household income in this zip code is $60,000. The median home value in this zip code is $183,500.

The 44221 zip code has a homeownership rate of 69%. This means that 69% of households in this zip code own their homes. The average home value in the 44221 zip code is $183,500 which is higher than the national average of $161,600. This high home value may be due to the close proximity to Cleveland and Akron which are both large cities with a high demand for housing. Additionally, the area around Cuyahoga Falls has been growing rapidly over the past few years and may continue to do so in the future.

Despite these positive factors, there are some challenges facing homeowners in the 44221 zip code. One challenge is that interest rates have been low for a long time which makes it difficult for people to get mortgages or take out HELOCs (home equity lines of credit). Additionally, there has been an increase in foreclosures over the past few years which could lead to decreased home values if more homes are sold at auction or through short sales. However, overall homeownership rates have remained relatively stable over recent years so it's unclear how much impact these events will have on home prices over time.