Cleveland, OH
- Overview
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Key Performance Metrics
Market snapshotPerformance indicators for the Cleveland short-term rental market based on reliable data.
Listings
2248 / 5788
Reliable / Active
Cap Rate
23%
Middle-Earners Gross Yield
Revenue
$25,534
Middle-Earners Revenue
Occupancy
63%
Middle-Earners Occupancy
Home Value
$109,291
Median Home Sale Price
Top Earners
$50,888
Top-Earners Revenue
Cleveland
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Cleveland.
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Generally Investor friendly
Cleveland Regulations
Cleveland permits STRs with a clear, low-cost path (annual rental registration at $70, basic inspections, 3% TOT) and no active cap; but life‑safety requirements, a proposed separate STR license ($150), $300k insurance, guest limits, 15% block cap (not yet enacted), and county bed tax add moderate complexity and risk.
Local STR Agent
STR specialist · Cleveland, OH
About Cleveland
Cleveland, Ohio is a prominent city located on the southern shore of Lake Erie. It sits approximately 60 miles west of the Pennsylvania border and around 140 miles northeast of Columbus, the state capital. As of the most recent census, Cleveland has a population of about 383,000 residents, making it the second-largest city in Ohio.
Cleveland is characterized by its rich industrial history, cultural institutions, and vibrant arts scene. Key landmarks include the Rock and Roll Hall of Fame (rockhall.com), the Cleveland Museum of Art (clevelandart.org), and the West Side Market (westsidemarket.org). The city is also home to the Playhouse Square theater district (playhousesquare.org), the second-largest performing arts center in the United States.
For visitors seeking outdoor activities, the Cleveland Metroparks system offers extensive green spaces and trails, while the Cuyahoga Valley National Park (nps.gov/cuva/index.htm) is a short drive away, offering scenic beauty and recreational opportunities.
Cleveland’s position along major transportation routes, its diverse array of attractions and landmarks, and proximity to other major cities make it an appealing destination for short-term rentals, catering to visitors seeking both urban and natural experiences.