Performance indicators for the Cleveland short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Cleveland.
Loading top listings...
Very Investor friendly
Short‑term rentals are permitted with minimal oversight; state tax obligations are clear, no local caps or costly municipal permits have been identified, and the city tone is permissive while legal precedent generally favors STR rights (see HOA case).
Local STR Agent
STR specialist · Cleveland, OK
Cleveland is a small city in northeastern Oklahoma that serves as the county seat of Pawnee County. With a population of approximately 3,000 residents, it carries the unhurried character of a rural county seat surrounded by rolling prairie, scattered woodlands, and the waters of Keystone Lake just to its south. The community has a quiet, outdoorsy feel, shaped by ranching, lake recreation, and proximity to the larger Tulsa metropolitan area to its southeast, about 35 miles away. Cleveland functions as a useful base for travelers who want to enjoy lake country, frontier-era history, and the open landscapes of the Osage region without the cost or congestion of staying in a big city.
Just a few minutes south of town, Keystone Lake stretches across the Arkansas River and offers some of the most accessible water recreation in the region. Managed by the U.S. Army Corps of Engineers, the lake is known for sailing, fishing for striped bass and catfish, and a string of well-maintained public campgrounds and picnic areas along its wooded shores. Visitors can launch boats at several marinas close to Cleveland, and the sandstone bluffs and coves around the upper ends of the reservoir make it especially popular in the warmer months.
About fifteen minutes west on Highway 64, the neighboring town of Pawnee offers a glimpse into Oklahoma's territorial and Native American history. The community sits on lands associated with the Pawnee Nation, and the area's heritage is reflected in local museums, cultural events, and historic buildings downtown. A short drive further west brings travelers to the Pawnee Bill Ranch, once the showpiece spread of entertainer Gordon "Pawnee Bill" Lillie, featuring a stately 1910 ranch home, a working blacksmith shop, and a substantial collection of Western artifacts preserved by the Oklahoma Historical Society.
Day-trippers can also reach the greater Tulsa area in well under an hour, where the Gilcrease Museum and the Philbrook Museum of Art provide substantial cultural anchors. Back closer to Cleveland, the surrounding countryside lends itself to scenic drives, birding along the lake's migratory flyways, and exploring the small, characterful towns that dot the region.
Cleveland's appeal as a short-term-rental market lies in this combination of small-town quiet, immediate lake access, and short hops to both historic Pawnee and the amenities of Tulsa. Guests looking for a relaxed, nature-forward stay that still keeps museums, restaurants, and a major airport within easy reach tend to find this corner of Pawnee County a comfortable and convenient place to settle in for a few nights.