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Discover Cleveland Real Estate | Where and Why to Invest in Cleveland?
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Situated on the shores of Lake Erie, Cleveland is the most populous city in Ohio. It is a developing business hotspot, with a multicultural population of 385,000. The economy is highly affected by the city’s location, the Port of Cleveland being the main contributor.
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The economic stability is provided by such sectors, as trade, manufacturing, finance, and tourism
Numerous attractions, quality healthcare, and education attract thousands of visitors to Cleveland
The real estate market is accessible, with rising housing rates and demand
The price range is diverse, featuring properties with that cost as little as $50,000
and as much as $2.5M
The average house price being around $85,000, Cleveland is affordable compared to other US cities
Due to increasing demand, properties are selling for more and faster than ever
The rental market holds great potential, thanks to 50% of the residents renting
With apartments costing from $800 to $2,280/month, average rent rates rise by 3% every year
Airbnbs provide higher income - $1,872, while the median rental income in the city is $1,219
Detroit-Shoreway – An thriving neighborhood popular among millennials. The median property price is $163,000, expected to surge in coming the years
Downtown Cleveland – The city’s most expensive and most profitable area. The average household price is $230,000, expected to increase by 3% in 2020
Tremont – An investment-worthy neighborhood with great potential for rentals. Airnbnbs are especially profitable, with high occupancy rates (61.6%) and $2,713/monthly cash-on-cash returns
With a growing property market
featuring affordable prices and rising yields
Cleveland is a BUY
For more videos, check out our
The economic stability is provided by such sectors, as trade, manufacturing, finance, and tourism
Numerous attractions, quality healthcare, and education attract thousands of visitors to Cleveland
The real estate market is accessible, with rising housing rates and demand
The price range is diverse, featuring properties with that cost as little as $50,000
and as much as $2.5M
The average house price being around $85,000, Cleveland is affordable compared to other US cities
Due to increasing demand, properties are selling for more and faster than ever
The rental market holds great potential, thanks to 50% of the residents renting
With apartments costing from $800 to $2,280/month, average rent rates rise by 3% every year
Airbnbs provide higher income - $1,872, while the median rental income in the city is $1,219
Detroit-Shoreway – An thriving neighborhood popular among millennials. The median property price is $163,000, expected to surge in coming the years
Downtown Cleveland – The city’s most expensive and most profitable area. The average household price is $230,000, expected to increase by 3% in 2020
Tremont – An investment-worthy neighborhood with great potential for rentals. Airnbnbs are especially profitable, with high occupancy rates (61.6%) and $2,713/monthly cash-on-cash returns
With a growing property market
featuring affordable prices and rising yields
Cleveland is a BUY
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