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The Truth about Affordable Housing in Cleveland

Real Estate Agent with Russell Real Estate Services 2020009093

Across the country millennial (like myself) are being priced out of the housing market with increasing costs to build, higher interest rates, and price increases across the board for resale. 

We've seen the same thing in Cleveland and Northeast Ohio - but - our "entry level" home is still MUCH less expensive than most major metropolitan cities of similar size and demographic (even more so than our neighboring city, Columbus).

The home pictures above is of one of my listings from early 2023. This cap cod style home sold for $295,000 and is located in Ohio City - one of the trendiest and "coolest" neighborhoods in Cleveland. Where else can you find a completely renovated, 2 bed/2 full bath home for under 300k? You can look at similar home here and I would TRULY be honored to answer any specific questions you may have about Cleveland's housing market...

Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Connor - an involved and engaged local real estate professional who is knowledgeable as well as connected is an asset to those he/she represents.   Understanding the nuances of an area is powerful.  You underscore that in this post.

Dec 27, 2023 12:42 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Connor, you are right, having a remodeled 2/2 for $300k, in Denver, you may get a condo!  Welcome to ActiveRain!

Dec 27, 2023 12:56 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Welcome to the Rain. Enjoyed your blog page, and I added you as a follower. I would love the follow back. Also, then we both get 50 points. Bill

Dec 28, 2023 04:07 AM
Adam Feinberg
Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse Advisor

Impressive, a 2/2 for under $300k. It's becoming harder to find throughout much of the nation. Of course Affordable housing is relative in each local market. I have sold a lot of affordable housing - income restricted apartments, Manhattan is such a crazy market- I have sold in buildings where the income restriction is as high as $353k/year for up to a family size of 4.   

Dec 29, 2023 09:30 PM