44440, Mineral Ridge, OH

The 44440 zip code of Mineral Ridge, OH has a median home value of $128,000. This is significantly lower than the statewide median home value of $181,500. The 44440 zip code also has a much lower percentage of homes with a mortgage than the statewide average of 57%. This indicates that more homes in this zip code are owned outright or are paid off in full.

Despite these lower values, there is still a significant demand for homes in the 44440 zip code. The average list price per square foot is $104 which is above the statewide average but still below some other desirable areas around Cleveland.

One reason for this demand may be that Mineral Ridge offers many amenities not typically found in other parts of Cleveland. For example, it has a high percentage of single-family homes and a low percentage of apartments or condos. Additionally, it has access to many excellent schools and recreational opportunities.

Overall, despite the lower median home values and mortgage rates in the 44440 zip code, there is still strong demand for homes here. This suggests that homeownership rates may continue to decline in this area while prices remain relatively stable or even increase slightly over time due to strong demand from buyers who appreciate these unique qualities about the area