Overview

Founded in 1796, Cleveland is the second largest city in Ohio. It has a population of 455,138 in 2007, registering a decline of 4.90 percent since 2000. Located in northeastern Ohio on the southern shore of Lake Erie, it is also the 33rd largest city in the United States. The city’s businesses are now dominated by the service economy, including the financial services, insurance, and health care sectors. Cleveland is home to Case Western Reserve University, an institution of international repute. The city also occupies an important position in health care and health sciences. Cleveland Clinic is one of America's best hospitals as tabulated by U.S. News & World Report. It has hot, humid summers and cold, snowy winters.

Cleveland Real Estate

Cleveland is not an expensive city to live in. Its cost of living is 15.50% lower compared to the rest of the United States. In Cleveland, the median home cost is $99,100. Home appreciation has been -0.90% over the previous year. The median age of real estate in the city is 64 years. People living in rented houses make up 45.51% of the city’s population, while 11.71% of houses and apartments in Cleveland are unoccupied.

How to buy or rent a house

If you are willing to settle in Cleveland, you have to first rent or buy a house in a suitable neighborhood of the city. Your budget will play a key role in determining the quality of the house. The price of a house will vary according to its size, location and other facilities offered. However, buying or renting a house in Cleveland may not be as easy as your morning stroll in the park. So it will be better if you hire an experienced real estate agent and entrust the job to him/her. Once you brief the agent about your budget, preferred location etc. the agent will use all his/her experience and skills to arrive at a favorable deal for you. The agent will accept a commission for his/her efforts.

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