Cleveland offers excellent profitability for your investments.
Advantageous house purchase prices, rental profitability between 10 and 15%, pleasing economic indicators : in recent years, Cleveland has become one of the most popular cities for real estate investors.
Signs of a developing Cleveland
The average price of a house in Cleveland in the first half of 2020 is $ 68,757. The national average value is four times higher.
The average rental value is $ 878.
The purchase / rental price ratio is among the highest in the United States and allows for yields between 10 and 15%.
According to the Fortune Builders website, the median home value in Cleveland rose 2.3% in 2019. Other sources say the figure is 8%.
According to the Home Builders Association, there is a shortage in housing construction. As the supply fails to meet the demand, houses are rented much more quickly and easily.
Cleveland’s economy is the 28th largest in the country and the largest in Ohio, according to the Federal Bureau of Economic Analysis.
Cleveland has 10 Fortune 500 companies
The cost of living is 9% lower than the national average.
In the past 12 years, the city has invested more than 430 million in the development of its economy and its housing stock.
With nearly 400,000 residents, Cleveland is the 45th largest city in the United States.