ZIP 44040 vs ZIP 44022

44040 is one of 52 ZIP codes that lie mostly in Cuyahoga County, OH.

Shaded by typical home value, it ranks 1 of the 39 nearby ZIPs shown.

1 school location in 44040: 1 elementary.

In alphabetical order: Gates Mills Elementary School. Locations only — no ratings are shown here.

44022 is one of 52 ZIP codes that lie mostly in Cuyahoga County, OH — 73% of its own area is in the county.

Shaded by typical home value, it ranks 2 of the 39 nearby ZIPs shown.

5 school locations in 44022: 1 elementary, 2 middle, 1 high, 1 other.

In alphabetical order: Chagrin Falls High School, Chagrin Falls Intermediate Elementary School, Chagrin Falls Middle School, Chagrin Falls Virtual School, and more on the ZIP page. Locations only — no ratings are shown here.

In January 2000 the typical home in 44040 was worth $359,095.

Values peaked at $740,668 in August 2026. The latest reading is the peak.

As of August 2026: $740,668, +5.4% over twelve months.

Start with the typical home: $740,668. Put 20% down and borrow $592,534 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $4,103 a month in principal and interest.

The median household here earns $166,579 a year, $13,882 a month. So the payment takes 29.6% of income — rated “stretched” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 14.3% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $2,150.

In December 2020, with rates at 2.68%, it was $1,656.

By August 2026, at 6.67%, it was $3,811 — +130% since December 2020, while the home's value moved +45%.

Reported values rose +106% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $708,711. So the real change is +5%, not +106%.

44040: +106% since January 2000.

Cuyahoga County: +107% since January 2000.

Ohio: +133% since January 2000 — 44040 ran behind it by 27 points.

Owning the typical home costs about $4,843 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,513 a month.

Price divided by a year's rent: 24.6. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In January 2000 the typical home in 44022 was worth $282,111.

Values peaked at $619,028 in August 2026. The latest reading is the peak.

As of August 2026: $619,028, +7.2% over twelve months.

Start with the typical home: $419,000. This calculation prices the home with Lotvox's affordability series as of August 2026, so it differs from the latest monthly value above ($619,028). Put 20% down and borrow $335,200 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,321 a month in principal and interest.

The median household here earns $152,213 a year, $12,684 a month. So the payment takes 18.3% of income — rated “affordable” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 12.3% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $1,689.

In December 2020, with rates at 2.68%, it was $1,312.

By August 2026, at 6.67%, it was $3,185 — +143% since December 2020, while the home's value moved +53%.

Reported values rose +119% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $556,775. So the real change is +11%, not +119%.

44022: +119% since January 2000.

Cuyahoga County: +107% since January 2000.

Ohio: +133% since January 2000 — 44022 ran behind it by 14 points.

Owning the typical home costs about $2,740 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,550 a month.

Price divided by a year's rent: 13.7. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Homes sold: about 5 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 5 — so sales ran at 100% of it, and below it in 16 of the last 24 months.

Across Cuyahoga County, builders pulled permits for 1,896 new homes in 2025.

Of those, 40% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 31 a month (Redfin, 3-month rolling data through August 2026). That is 72% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 65. That is 37% of the 2015–2019 level for the same months.

Going out — closed sales: about 31 a month. That is 77% of the 2015–2019 level for the same months.

The ladder: homes for sale ÷ monthly sales = 2.1 months of supply — below the 4–6 month range Lotvox treats as balanced. In the basin, that is the water level against the shaded balanced band.

The net reading: about 0 more homes sold than came on each month, so inventory is shrinking. The basin is draining.

Homes sold: about 31 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 31 — so sales ran at 100% of it, and below it in 18 of the last 24 months.

Across Cuyahoga County, builders pulled permits for 1,896 new homes in 2025.

Of those, 40% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Cuyahoga County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 9,796 moved in. Among the ten receiving the most, 12,251 moved out.

Net across those counties: −2,455 households. Beside it, homes for sale in this ZIP: 24 in June 2026.

Most arrivals came from Lorain, OH (2,213 households); most departures went to Lorain, OH (2,947).

This ZIP sits in Cuyahoga County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 9,796 moved in. Among the ten receiving the most, 12,251 moved out.

Net across those counties: −2,455 households. Beside it, homes for sale in this ZIP: 65 in June 2026.

Most arrivals came from Lorain, OH (2,213 households); most departures went to Lorain, OH (2,947).

County assessor records list 661 properties with a market value here. Their average assessed market value is $334,800; the typical home value is $419,000.

The assessor average sits −20.1% from the market figure — an average against a typical value, so treat it as a check, not a verdict.