The affordable housing and rental yield investors are looking for
Discover Cleveland's Real Estate
Cleveland is often unrightfully overlooked by both travelers and investors, but it’s a true diamond in the rust for both groups. Art, music, science and a multicultural population make it one of the most welcoming cities where anyone can come and enjoy, and this doesn’t exclude investors. With some of the most affordable housing and high rental yield, Cleveland is the city you should get to know better if you want to invest in Ohio’s real estate in 2020.
Culture, History, and Business
Cleveland is a city founded in 1796 by General Moses Cleveland. It’s located on the Southern shore lake Erie and has a population of 385,525 making it the 52nd most populous city in the US and the most populous one in Ohio.
In recent years, Cleveland became a hotspot of business due to its location, which is on both lake and river shore. Various businesses operate here, mainly finance, manufacturing, healthcare, education, and biomedicals. Apart from this, Cleveland has an excellent transportation system, developed tourism due to the numerous attractions all over the city, as well as great healthcare and education.
Ohio has some of the most stunning architecture, with tall skyscrapers decorating the city skyline and creating scenic views that tourists and locals can enjoy every day.
Real Estate Appeal
Cleveland is an excellent place for real estate investment. At present, the rate of employment in Cleveland is high, which means that people have enough buying power to buy or rent properties, which helps real estate investors turn their investment into cash easier.
The rate of housing in the city is also rising, which means there will be more properties to invest in and more yield to be earned. Besides this, healthcare, education, and quality of life are improving, which attracts more and more people to the city.
These factors, along with others will be analyzed in our next articles, so stick around to find out what makes Cleveland a great place for investors.
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