Cleveland offers headline-grabbing rent-to-price ratios, but the market is bifurcated — Class-A submarkets are vastly different operationally from sub-$100k tiers.
Median Price
$130,000
Cap Rate
9.00%
Yield
11.50%
Vacancy
8.50%
What investors should underwrite for
Only invest in Cleveland through experienced local management. Stick to Lakewood, Shaker Heights, and Westlake — avoid sub-$80k pricing.
Next step
Use our rental ROI calculator with Cleveland-specific rents and taxes to run a complete deal-level analysis on any property you are considering.