2019 MARKET OVERVIEW

Cleveland, Ohio

Metro population:

2.1 M

Median Home Income:

$52,000

Unemployment rate:

6.4%

Median House Price:

$104,000

Median monthly rent:

$1,168

Cleveland Real Estate Market Overview

Cleveland, Ohio is located on the southern shore of Lake Erie, about 60 miles west of the Pennsylvania border. Downtown Cleveland has experienced a renaissance over the past five years, with an estimated $ 19 billion in development completed or planned since 2010. Occupancy rates are at an astonishing 98% and home sales are up 12% year after year.

A Few More Reasons To Love Cleveland:

  • Fastest growing healthcare economy in US (and home to world renowned Cleveland Clinic)
  • Nation's first Global Center for Health and Innovation as well as a new medical convention center
  • 10 Fortune 500 company headquarters, including: Goodyear Tire, Cliffs, Natural Resources, FirstEnergy, Sherwin Williams, Eaton Corporation, Travel Centers of America, Aleris, Parker Hannifin, Progressive Insurance, and KeyCorp
  • Has the 2nd largest live theater district in the US, second only to New York City
  • Home to three major sports teams that bring billions of dollars to the area every year
  • It's easy to buy B neighborhood properties for as low as $ 70,000 and turn that into $ 800 a month; Properties remain well below mid-2000 prices in most areas

Why invest here?

Cleveland also offers great opportunities for investors, especially for those looking for an affordable investment, solid monthly cash flow, and consistent equity growth, without too much risk.
  • “# 1 City to Buy Home for Best Rental Return” - CNBC
  • “# 4 City Where Your Paycheck Will Go the Furthest” - Forbes
  • “# 10 Best City for First Time Home Buyers” - Business Insider
  • Cleveland Real Estate Market Trends Movoto
  • “Ohio Best State for Start-Up” - Forbes
  • “Relocating to Cleveland Guide” - The Schuman Team
  • “# 84 Best Place to Live” - US News
The Transaction Stage Rises - A Unique Technology System Developed Over a Year and We Register

Known primarily for its annual balloon fiesta and as part of AMC's performance show "Breaking Bad," Albuquerque, New Mexico, is a metropolitan area rich in culture and naturally beautiful. Albuquerque is also one of the major cities in the southwest of the city, with a diverse population and some of the leading high-tech research enterprises in the country, including National Sandia Laboratories, Intel and the University of New Mexico. At the same time, its cultural traditions continue to be an integral part of daily life in the city. With one foot in the past, one foot in the present and two eyes for the future, Albuquerque is a fascinating place to visit and an even better place to call home. (Source: (https://www.visitalbuquerque.org/about-abq/history/)

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Lior Lustig

Lior Lustig Chief Executive - The Realestate Investor Forum

Lior Lustig has been an experienced real estate investor active in the field in Israel and the US since 2007. Lior has extensive experience in the acquisition and management of single and multifamily properties.
Lior currently runs The Real Estate Investor Forum, which owns a real estate brand and interest, the Facebook group and the “Real Estate Forum USA” site. Lior is versatile in a wide variety of investment markets in the United States and provides solutions to investors through the company.