Cleveland, OH Rental Market

Estimated LTR Rent $1,377 and STR $1,814

Overview

The LTR Genie Score of Cleveland, OH is 65, indicating a moderate level of attractiveness for long-term rental investment. The low LTR Rentability suggests that it may be challenging to find tenants for long-term rentals in this market. However, the LTR Net ROI of 59.45% is relatively high, indicating a potentially profitable investment opportunity for those willing to take on the risk.

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LTR Genie Score

STR Genie Score

Est. Rent LTR$1,377

Est. Rent STR$1,814

LTR Monthly Cash Flow

STR Monthly Cash Flow

LTR Annual Total Gain

STR Annual Total Gain

Appreciation8.99%

Job Growth0%

Population367,523

Properties for sale in Cleveland, OH, USA.

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Best Places to Live Ranking

Most Diverse Cities in America: ranked 78 out of 229 markets
Best Cities for Outdoor Activities in America: ranked 95 out of 229 markets
Cities with the Lowest Cost of Living in America: ranked 20 out of 229 markets

OverallC
Public SchoolD
Crime And SafetyD-
HousingC-
NightlifeA-
Good For FamiliesC
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute

Key Informations

Discover top real estate data on rental performance, market growth, and public schools. Ideal for investors and buyers aiming to evaluate suburbs, spot trends, and make smart, data-driven property decisions.

Short-Term Rental (STR) Regulations

In Cleveland, OH, Short Term Rental (STR) regulations are primarily governed by the city's zoning code and the Division of Neighborhood Services. Here are some key points that an investor should be aware of before investing in purchasing a property for Short Term Rental in Cleveland:

1. Zoning regulations: Cleveland's zoning code dictates where Short Term Rentals are allowed to operate within the city. Investors should carefully review the zoning regulations to ensure that the property they are considering purchasing is located in a zone that permits Short Term Rentals.

2. Licensing requirements: In Cleveland, Short Term Rental operators are required to obtain a Short Term Rental license from the Division of Neighborhood Services. This license must be renewed annually and operators must comply with all licensing requirements, including safety and health standards.

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Market Trends Over Time

Explore market trends, pricing patterns, rentals, and insights

Explore 25 years of comprehensive market data, including median property prices, long-term rental prices, and days on market. Our in-depth analysis highlights price trends, rental performance, and market activity, revealing long-term patterns and cycles. Investors, property managers, and analysts can leverage these insights to identify growth opportunities, assess market stability, and make informed decisions. Understand how market dynamics have evolved to optimize rental strategies and property investments with confidence.

Median Price

Median Rent

Days on Market

Nearest Markets

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Similar Markets

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Cleveland, OH Rental Market

Overview

Properties for sale in Cleveland, OH, USA.

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Best Places to Live Ranking

Key Informations

Short-Term Rental (STR) Regulations

Market Trends Over Time

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