The story of this market
The typical home in ZIP 44140 sells for about $415,000, or $205 per square foot.
Prices are down 26.17% from a year ago, which gives buyers more room to negotiate. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $894 a month.
ZIP 44140 — Bay Village
The residential market in 44140 is currently a seller’s market, characterized by limited inventory and competitive conditions. While median listing prices have seen significant year-over-year adjustments, the market remains very hot, with homes moving relatively quickly. The area is highly desirable due to its Lake Erie shoreline location and established suburban character.
Best suited for affluent families seeking high-performing schools, established suburban amenities, and lakefront access, as well as professionals commuting to the western suburbs of Cleveland.
Median prices moved down 26.2% year over year.
Homes spend a median of 32 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.3% · poverty 4.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 44140, Cuyahoga County, OH
Bay Village is consistently rated as one of the safer communities in the Greater Cleveland region, with crime rates significantly below state and national averages.
The area is served by the highly regarded Bay Village City School District, which is frequently cited for academic excellence and high performance ratings in Ohio.
The primary hazard posture is related to Lake Erie shoreline erosion and occasional high-wind events; flood risk is concentrated in immediate coastal zones.
Development momentum is largely infill-driven, given the built-out nature of the suburb; proximity to major employers in Westlake and downtown Cleveland remains a primary economic driver.
Property taxes are levied by a combination of school district, municipal, and Cuyahoga County authorities; the effective rate is subject to House Bill 920, which limits unvoted tax increases as values rise.
Residents primarily commute via I-90 to reach the employment hubs of Cleveland and Westlake; the average commute is approximately 23.5 minutes.
The ZIP is defined by its Lake Erie access, featuring Huntington Reservation (Cleveland Metroparks), miles of lakefront trails, and neighborhood parks.
The rental market is tight, with very limited inventory and few active listings.
The economy is integrated with the broader Cleveland-Elyria MSA, with significant access to professional, technical, and healthcare industries.
Primary transit access is via the I-90 corridor connecting to downtown Cleveland.
Focus remains on maintaining residential character, with limited large-scale commercial pipelines within the ZIP boundaries.
Parcels are subject to Bay Village municipal levies, Bay Village School District levies, and the Cuyahoga County/Metroparks tax structure.
Property insurance is influenced by the Great Lakes climate; homeowners should verify coverage for wind/hail and specific shoreline erosion risks.
Data retrieved from data.census.gov ZCTA 44140 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Scene75 Entertainment Center | Cleveland4.418.6 mi
- Urban Air Trampoline and Adventure Park4.22.3 mi
- Get Air Cleveland4.210.9 mi
- Swings-N-Things Fun Park4.18.1 mi
- Memphis Kiddie Park4.710.1 mi
- Rocket Arena4.613.2 mi
- Progressive Field4.713.3 mi
- Huntington Bank Field4.512.6 mi
- Topgolf Cleveland4.316.5 mi
- Huntington Convention Center of Cleveland4.612.9 mi
- Rock & Roll Hall of Fame4.612.9 mi
- Cleveland Metroparks Zoo4.612.3 mi
- West Side Market4.712.4 mi
- JACK Cleveland Casino3.912.9 mi
- Edgewater Park4.710.7 mi
- Rock & Roll Hall of Fame4.612.9 mi
- The Cleveland Museum of Art4.917.2 mi
- Cleveland Museum of Natural History4.517.1 mi
- House from A Christmas Story4.713.3 mi
- Great Lakes Science Center4.512.8 mi
- Edgewater Park4.710.7 mi
- Lakewood Park4.87.5 mi
- Rocky River Nature Center4.96.3 mi
- Rocky River Reservation4.86.2 mi
- Victory Sports Park4.27.8 mi
- Emerald Necklace Marina4.75.8 mi
- Whiskey Island Still & Eatery4.411.7 mi
- Shoreby Club4.718.1 mi
- Edgewater Yacht Club4.710.8 mi
- East 55th Street Marina4.515.4 mi
- Big Met Golf Course4.46.1 mi
- Mallard Creek Golf Club3.712.2 mi
- Valley of the Eagles Golf Club4.49.9 mi
- Sweetbriar Legacy Golf & Pro Shop4.33.1 mi
- SportsVille4.48.7 mi
- Crocker Park4.52 mi
- West Side Market4.712.4 mi
- Great Northern Mall4.35.3 mi
- Tower City Center412.9 mi
- Meijer4.43.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Cleveland Metroparks lakefront reservation with beach access.
Central community park featuring historical sites and recreational space.
Local retail and dining district.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).