Cleveland - 44103

As of October of 2024, Homes in 44103 ZIP Code have appreciated by 17.39%, with the median home value standing at $59,530, according to Zillow.

There are currently 50 active short-term rentals in 44103 ZIP Code. The average daily rate for these rentals is $107. This translates to an annual revenue of $15,105 for short-term rentals as of October of 2024.

44103 ZIP Code is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.

As of October of 2024, the average gross yield for short-term rentals in 44103 ZIP Code is 25.03%. However, potential investors should also consider the average property tax, which stands at 2.33% according to SmartAsset.

The median household income in 44103 is $58,231.

As of October of 2024, the occupancy rate for Airbnb rentals in 44103 is 51%, which is lower than the average occupancy rate for the United States.

As of October of 2024 The unemployment rate in 44103 ZIP Code is 4.1%, which is higher than the national average of 4.1%.

The most impactful amenities for short-term rentals in 44103 include a Baby monitor, Bread maker, and Pool table.

44103 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like Cleveland, OH (4.25% of all guests), Columbus, OH (4.07% of all guests), and Chicago, IL (2.60% of all guests).

The top short-term rental hosts in 44103 ZIP Code include Mark, RoomPicks and Michael. These hosts have an average rating of 4.94, 4.53 and 4.96 respectively.

The most popular property types in 44103 ZIP Code are 2-bedroom units, with an average daily rate of $107 and an annual revenue of $15,943.

The average booking lead time for short-term rentals in 44103 ZIP Code is 48 days.