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Cleveland, OH Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,368
Monthly Cash Flow
$497
Principal + Equity
$834
Annual Total Gain
$15,973
Cash on Cash
21.23%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$145
Occupancy Rate
57.69%
Monthly Revenue
$1,862
Monthly Cash Flow
$712
Principal + Equity
$834
Annual Total Gain
$18,552
Cash on Cash %
30.41%
Net ROI %
Market Health & Growth
Median Income
$22,883
Population
367,523
LTR Renter %
66.34%
Forecast (1 yr)
1.78%
Appreciation (1 yr)
-0.36%
Appreciation (5 yr)
44.37%
Appreciation (10 yr)
115.68%
Job Growth
0.35%
LTR Rentability
Very Low
STR Demand
45
STR Rentals
2,823
Top Public Schools
A-Menlo Park Academy
BCleveland School of Science and Medicine
B-
C
C
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
D
Overall
Top-level market grade
Places with the Lowest Cost of Living in Ohio
#397out of 728 markets
Suburbs with the Lowest Cost of Living in Ohio
#159out of 349 markets
D-
Public School
F
Crime And Safety
F
Housing
B
Nightlife
D
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Cleveland, OH.
As of September 2021, Cleveland, OH does not have specific regulations in place for short term rentals (STRs) such as those found on platforms like Airbnb or Vrbo. However, it is important for investors to be aware of potential changes in regulations and to stay informed about any developments in this area.
Investors should also consider the potential impact of STRs on the local community, including issues such as noise complaints, parking concerns, and the overall character of the neighborhood. It is important to be a responsible host and to ensure that guests are respectful of the property and the surrounding area.
Additionally, investors should be aware of any potential zoning restrictions that may apply to STRs in Cleveland. It is important to research the specific regulations in the area where the property is located and to ensure compliance with any applicable laws.
Overall, while Cleveland may not currently have specific regulations in place for STRs, it is important for investors to stay informed about any potential changes and to be responsible hosts in order to ensure a positive experience for both guests and the local community.
Market Trends Over Time
Explore 25 years of market data for Cleveland, OH, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Cleveland, OH.
The LTR Genie Score of Cleveland, OH is 61 and STR Genie Score is 72, indicating a moderate score for long-term rental and a high score for short-term rental. The low LTR Rentability and slow LTR Rent Growth Rate contribute to the lower LTR Genie Score, while the higher STR Net ROI and STR Occupancy rate boost the STR Genie Score.
Cleveland, OH is a market with a 1-Year Price Appreciation Forecast of 1.78% and an STR Revenue of 1862, making it a potentially attractive option for short-term rental investment. With a STR Genie Score of 72, real estate investors may find success in the short-term rental market in Cleveland. However, the LTR Net ROI of 56.87% also presents a compelling case for long-term rental investment in this market. Ultimately, investors may consider a diversified approach by exploring both long-term and short-term rental opportunities in Cleveland, OH.
LTR Genie Score 93
$97,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,394 sqft.🏠 SINGLE FAMILY
