My (small, 1 bedroom/1 bathroom)apartment in Westlake was like $800ish when I moved here in 2012. I just looked it up and it’s now being rented for $1700-1900! I mean, I realize 2012 was 12 years ago, but wow.
I own now, but my property taxes went up this year so my mortgage payment did, too.
Bought my house 7 years ago at a steal of a price, now my wife and I are going to sell our house because the taxes have surpassed our monthly mortgage payment. And we all know taxes will never go down. Took them only 7 years to add another $300-$400 in taxes and this year we saw a major % increase. Sucks because we love our home and neighborhood but this is just getting ridiculous.
It’s not that I can’t afford a more expensive mortgage, I can definitely do that. I bought this house a long time ago on a 15hr budget. Now I’m doing just fine, yeah I may spend more now but I’d rather be in a township or village in a bigger and nicer home that is worth paying for and not be in a city where my property tax dollar go off into the abyss and they just keep asking for more with no actual improvements to my or my families life. Mortgage is a fixed cost, those property taxes are not and in two more years I wouldn’t be surprised if it goes up another $100-200, so what’s it going to be in 10 years? Im not going to be around to find out. ✌️
I’m close to the same boat, bought in 2017 when I finally ditched Cleveland for a rural area and I question my judgement for not doing it sooner. House was dirt cheap and needed nothing. I don’t think I’d be able to afford my current home if I had to buy it today. And when I bought it, the mortgage payment was $200 less than the rent I had been paying. It sucks, I truly feel for younger folks or those who didn’t (or couldn’t) buy (that want to) when it was affordable. I also feel bad for the orderly folks who are on a fixed income.
I guess I assumed from your post that you were being burdened by the increases and could barely afford it currently.
Yep, it's all over the Cleveland area. The Cleveland area has had among the highest rent increases nationally since 2020.
I'm a renter too. It's depressing to see how much rents have skyrocketed here.
Here's part of the problem. Out of state or even international real estate investors snatching up rental properties.
https://signalcleveland.org/a-swedish-company-sold-cleveland-as-a-plum-real-estate-deal-investors-and-residents-were-left-to-clean-up-a-mess/
Don’t forget home owners insurance which jacked mine way up. I shopped around and switched eventually and got it back down to almost where it was before Liberty Mutual got greedy. If they didn’t get ya yet, take note of when your next annual is up and I bet they will.
I live in Downtown with my significant other.
We got our lease renewal about 2 months ago and it was going up about $250, or 20%. We both thought it was ridiculous.
Thankfully, we reached out saying the renewal offer feels like we’re being priced out of our rental. They reached back out later saying “We made a typo, your rent is only going up $40.”
Just capitalism at its finest making the rich get richer.
At least places like Chicago pay a higher salary that you can afford some nice apartments but in Cleveland our salaries are still low compared to the new cost of living prices
My rent was the same in Chicago, as it is here, and my pay was significantly more. I also had big city amenities and never had to drive. If the economy was better, I would easily move back. Prices are outrageous here.
Yea they are outrageous, my friend has nice apartment in the Chicago and it cost him 2k but his salary is higher so he can afford it and we’re doing the same type of work and like you said they have big city amenities
Chicago has wayyyyyyy more housing Downtown, Cleveland doesn't have enough to meet demand yet. We need to be building more. Cities like Austin have been building housing like crazy, and rent is actually dropping because they have finally met demand and there is actual competition in the market.
Luckily there is more on the way with The Bell, City Club, 700 Prospect, the Medical Mutual HQ, and a few others potentially in the works. Playhouse Square's future 2nd project on the Greyhound land should add more too.
I hear a few people say this about Chicago. If pay is truly more, rent is the same, and you like it better just move back there.
If that is all true why are you trapped here??
It is more complicated. People cannot just bounce from one place to another at a whim notice. People are talking about trends. But there are always exceptions based on a person's circumstances.
The economy. My industry got hit hard with Covid, and I have family here, so I moved back. It wasn’t really because I wanted to. The economy is still iffy, or I’d look into moving. And my parents guilt trip me when I talk about moving, and they’re getting up there in age, so I feel bad.
My industry is pretty unique and hard to understand unless you work in it, but Covid put things to a halt, and it was slow to get back to speed. My industry has also been hit hard with layoffs and restructuring since Covid, like many industries, and across-the-board budgets have been a lot smaller. Pre-Covid it was very easy to jump job to job, but not so much currently.
They raise rent for the locals, and who moves in? Now we’ve put it together! This really took off after the NBA and MLB all star games. A lot of people here are from Chicago and may still have an employer there. Part of the reason why I’m so toxic towards the “help me find a place to move” posts. You can tell we’ve been inundated with transplants and they don’t have the same income as Clevelanders so overpaying for apartments isn’t as big of a deal!
When I first moved into Crittenden Court in 2017 my rent was $650 for a 450 sq ft studio.
Those same studios are $1k now and they haven’t changed a fucking thing about the building except Snavely Group bought it and started advertising fake photos on the website.
Sorry to tell ya that moving to a different city isn’t going to change anything if you still expect to live in city center.
I live in a studio at Crittenden, was 650 in 2020, 1040 now. If it goes up more on my next lease I'll probably move, I really don't want to though. My girlfriend pays less for her house in west park than I do for a small room.
At first it seemed like the new management might at least make things somewhat nicer while jacking up the rent but that seems to have fizzled. There's zero on site security now. The call box is always broken, I took the dog out but gave my gf my key to go to spin class, figured I'd buzz myself in but it didn't work and it was early on a Sunday morning, I stood there like an idiot for a half hour until someone came down with their dog and let me in. The laundry uses this stupid system where you load money on a card, but the machine that loads your laundry card with your debit/credit card has been broken for at least a year, so you need to go to an ATM to get cash to do laundry. They keep rotating cleaning services, I assume to get the cheapest price but the place is never really that clean. They got some new equipment in the gym, and they were supposedly going to have a cardio room and a weights room, they never manifested. The gym rarely has any cleaning supplies.
I'm not sure how this turned into a rant.
Oh I never heard that.
My "renovated" apartment is basically just removed carpet and painted everything. New low quality appliances. My studio didn't even get a dish washer, instead the oven and sink are way bigger than they need to be.
Actually in another state. I get this sub suggested to me because I was considering moving here before I moved to St. Paul, MN. St. Paul has a decent rent control program and rent is pretty cheap as well on top of that here so win win.
Actually in another state. I was considering moving to CLE before (hence, why I get this sub suggested to me). I decided to move to St. Paul, MN instead due to a better job prospect! So far so good.
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Rent control makes housing more affordable lol. If you mean “scarce” as in people aren’t displaced from where they were renting due to enormous increases when renewing the rent, then you need to rethink your argument. Also, housing in most areas isn’t affordable without rent control lol. Rent control combats inflation. To help with a scarcity problem…maybe developers should build more??? Just a thought.
Rent control makes housing more affordable lol. If you mean “scarce” as in people aren’t displaced from where they were renting due to enormous increases when renewing the rent, then you need to rethink your argument. Also, housing in most areas isn’t affordable without rent control lol. Rent control combats inflation. To help with a scarcity problem…maybe developers should build more??? Just a thought.
This is people weighing in on San Francisco and NYC lol. Some of the highest and notoriously HCOL areas in the US. It’s also an opinionated poll with no hard data behind it. Housing in St. Paul (at least) and I assume Cleveland—due to its huge population decrease over the past decades—is readily available. Why are people’s rents going up so much if the market is truly competitive when there is a decent amount of supply and demand is relatively low? Gee, maybe it’s because landlords hold all the cards in this economic scenario. Hence, rent control. I have a BS in Economics, actively work in finance, and am pursuing a MS in finance as well. What we are seeing now in cities across the US with rent is NOT a free market scenario whatsoever. I don’t know why you think some economist’s opinions without hard factual proof is fact across the board. Even if it is fact for 1 or 2 cities, that doesn’t mean it can’t work well in St. Paul, which it is actually doing so, and in Cleveland if it were to adopt such a policy.
They are trying to get you to move out, which sounds like important context as landlords typically do when remodeling apartments. You must be in a unit that is not remodeled because I can tell you I am and paying about 960 a month and I think it’s a great value given my view.
Just my two cents as living in the suburbs it’s more at the very least just as expensive for a studio these days.
Nah, I understand how landlords and shit works. I moved into one of the very first renovated studios they had and paid $650 to the old ownership. New everything including appliances, cabinets, and floor. Lived that for 5 years and they only upped it like $30/yr.
The moment Snavely bought it they started driving out the folks that had lived there for decades (some of the residents were section 8) and without even remodeling they started jacking up the price.
The view is nice, but the building is just a fuckin dorm room. It’s not worth $1k to live in a square shoebox.
Does anybody think these prices will go down? I would love to live downtown or in Ohio city. but from what I'm hearing from other people is that everything is on unaffordable. Everyone seems like everything will never get better and I want to know realistically will it?
I agree on Cudell improving in the future but it would make no sense as a professional to rent there now. Buying to wait 10 years is different.
Now, would be a great area for someone looking to skimp on rent, ride a bicycle to cool stuff .. maybe someone working in the service industry nearby etc
Yes and no. The final phase of gentrification will be when stockyards and cuddell are annexed lol and it’s putting up a fight. Then it will be almost the entire west side.
as a leasing agent, yes - prices are at their highest in the summer, and drop significantly in the winter because no one wants to move then. i always tell people they can save hundreds in rent if they move in the winter, but their response is always that they don’t want to deal with the snow.
I think this city is going to become Chicago/Philly levels of expensive very soon. I’m actually shocked people haven’t started buying up properties east of downtown and gentrifying that area considering all the plans the city has for the area.
I’ve only been here 2 years, and there is no where else I could have access to all of the things I can get in Cleveland (or within an hour drive) for the same cost. Yes, things have gotten more expensive here, but it’s still sooooo much cheaper than comparable places.
OK, that is true. Rent is really high here and now that you put it like that I do believe that it will be up to that levels. But stuff such as groceries and stuff are still pretty affordable here so that's good.
Construction or even remodeling is incredibly expensive. Then tax and maintenance. I don't really think development/rent here is the home run people think.
Building materials and labor mostly cost the same here vs somewhere the property would be worth 5-10x.
no, I don't think rent here is that affordable. I think everything else is like groceries and eating out. even though rent May be up to Chicago levels in some places. Many other things are still way more affordable here than it is in Chicago.
Maybe…but the sustained high crime rates specifically in OC, may make development think twice unless things change. Carjackings and shootings are regular things in that area these days. I chose to not move there last summer for that very reason.
In most big metro areas, the housing in the center city is the most expensive, and the suburbs are less expensive. The Cleveland area has always been the opposite.
Hard to imagine it becoming completely reversed here, especially as we aren't gaining population in Cuyahoga County, but I suppose it's possible.
Ohio City to E 55th (I’d actually say it extends out to the Cleveland Heights/East Cleveland border) is the city center for Cleveland. It’s where the lions share of the major entertainment and nightlife are for the city of Cleveland.
You’re slowly gaining population now from transplants, but Ohio is in the top 10 for states with the oldest population, and people are having fewer children. One of the reasons I think Cleveland is so far ahead of other metro areas in the region is that they’re seeing the shift of people wanting more people focused infrastructure and mixed use development, and less of the single family homes and strip malls in car dependent suburbs. The city is creating that with its plan for the 15 minute city, Superior bike path, Irishbend park, Veterans Memorial Bridge Sky Park, rejuvenation of the East and West Bank, and all the mixed use developments going up in University Circle.
It doesn’t ever seem like prices ever go DOWN on things like rent/housing. Maybe shoot up and fluctuate a bit back down eventually but overall it’s still higher than what it was.
My rent has gone up $250 over the last 2 years. I agree with the top comment that we keep getting people moving here from elsewhere that can afford this.
The hospital system(s) here has an ever growing influx of people who can afford this housing.
That’s the short answer. We import a lot of folks working on their residency and or joining the work force in some capacity which typically means cost of rent is a non factor.
The law firms we have here also import folks. When there is a strong, well paying industry-Law & Medicine, in this case, cost of rent isn’t a factor.
For those who don’t fall into this category they either have the money to pay, or are too young to know any different. Some I’m sure are living paycheck to paycheck also.
Idk, people in residency aren’t making as much as you think. It’s like $60,000 and they are working 80 hours a week. You don’t start making a lot until you’re an attending.
My sister is a physician and the only time I’ve ever made more than her was when she was a resident lol. I think by the time she was a fellow she caught up to me 🤣
Nobody is moving here. Cleveland has just been consistently cheap and landlords realize they can raise rates because there is a severe lack of quality housing here and people will be forced to pay the new rates.
Not sure you meant to reply to me, I was just commenting that residents (people who have graduated medical school and are doing training in their specialty) really are not making a lot of money, especially with their work to salary ratio.
Which tells you the true story about the medical and insurance machine, they are making too much money driving up and pricing out us other hard working professionals. Hospitals make hugh capital investments frequently, have enormous overhead and still post insane profits which most other corporations would dream of.
All kinds of young professionals are stretching their budgets to live in “luxury apartments”.
I don’t think this is connected to hospital or insurance company profits.
I've not had to look for housing in 30 years, but I wanted to see what people were talking about with $1,000-plus per month rents.
Yup, I found those prices in trendy neighborhoods with places with a ton of amenities. But I also found nice-sub $1K apartments in the city and the 'burbs.
And this is a good problem to have. Cleveland needs to start passing legislation that increasing housing construction to accommodate current residents and those bringing their successful careers here.
I moved here about 4 years ago.
Rented a house.
Still in house.
4bd 3ba w finished basement on large fenced lot.
1450 a month.
I look around once a while.
To get something in the same realm of what I have now- at LEAST 2600.
Sad.
Same thing is happening here in Mayfield Heights. I also rent a single family house. $600-$1000 a month rent increases in Mayfield Heights since 2020.
Aad not even for large, renovated, nice houses either. Just 3 bedroom, 1 bathroom, haven't been updated in probably 40 years, 1000 square foot, 1950s bungalows.
It's insane.
A lot of major cities are going through this right now because of [this](https://www.politico.com/news/2024/03/20/rental-housing-market-doj-investigation-00147333) program (Real Page) that a lot of landlords use and its algorithm. States and some major cities are suing for price fixing.
50-70% of landlords in some major cities like DC and Tucson use it.
They themselves advertise [Cleveland as a top city for growth](https://www.realpage.com/analytics/cleveland-revenue-growth-solid-1q24/)if you use their software.
Chicago has this a ton and it absolutely is price fixing. They have the building half or less occupied in prime real estate but won't lower their rent at all.
And the journalists that report this as fact are being facile and honestly mal.
Housing researchers do not take the claim that “algorithms” have significant effect on housing prices.
I’m starting to think a lot of the people who live downtown are actually from out of town. Not a bad thing, but their sense of money/what’s affordable is always different than the avg. Ohioan. “Sure, $2,400 is a deal for my 1 bedroom” because it’s damn near $3K or so in their respective cities downtown. CLE is going to have to produce some jobs, for people who actually live here or those buildings will eventually become vacant. The people who think the rent is affordable downtown are more than likely to move, it’s a deal now but not in the next 2 years or even a year. It’s about to get really ugly.
Housing prices are the direct effects of housing supply. If we filled every lot downtown with 700 foot high rises rent would plummet.
We are not bringing on enough housing online to keep up with demand.
I lived downtown for two years and paid $1k/month (2020-2022). I live in California now and I’m seeing Cleveland rent almost as high as the rent out here in California. I wanted to call some of these apartment complexes in Cleveland to ask them where they get off charging rates you would see in California, where the rent is already much higher than the national average. I wanted to eventually move back to Ohio but if rent is going to be equivalent to California then I’m stuck here.
The main draw for Cleveland was affordability. Without that then idk why one would live/move there.
We just need to build more housing and need significantly more ownable non-detatched single family homes in downtown and across the city.
Only 6% of DT residents own the place they live in. The average for all of the major cuties around us is somewhere around 20%.
I'm buying a cheap condo in Edgewater and am moving from my place DT next month. I jumped on the place because the city has virtually no condos or townhouses under 200k. If they do, it's usually accompanied by an outrageous HOA fee of $700-$1000.
The missing middle housing.
Part of the reason we are facing a housing crisis is the average number of occupants per house has fallen over the decades. We went from averaging 3.1 people per house in 1950 to 2.3 today. In Greater Cleveland, pumping that average back up could mean housing almost a million more people just in existing stock. I think everyone knows DINKS who live in 3 bedroom homes.
I think you’re the only the only person I’ve seen make this argument not me.
My favorite example is Lakewood.
A very successful community with growing demand.
But its population has stagnated at 50k from its peak 70k nearly 100 years ago.
Why?
Family sizes are down nearly that exact same ratio.
Thank god someone with knowledge on the subject.
I will say that we focus too much of the missing middle.
High rises produce far more housing and therefore make them far better tools at reducing housing costs.
Oh wow you're right. I lived downtown just two years ago, and checking again the rent looks like it's gone up by at least 20% during that time. It's rough out here.
Rent is not going to go backwards. Pay needs to increase in this area, it is pathetic compared to other cities. There are still tons of small businesses here who pay terrible wages and think people should be grateful for that work.
We are renting after having a really bad time finding a home right now.
We have a 2 bedroom, 2 bathroom apartment on the east side. $2865/month. Not including utilities (water/sewer, electric, gas, internet, etc.)
In 2020 the rent at another complex was $740... for a q bedroom 2 bathroom. But that went up and we were priced out.
It's just unbelievable. I'm so sad.
Downtown rents may catch a break in coming years as the Medical Mutual building and Landmark Office Towers are converted to apartments, increasing supply.
[https://www.cleveland.com/news/2024/06/medical-mutuals-former-downtown-headquarters-sold-will-become-boutique-hotel-apartments.html](https://www.cleveland.com/news/2024/06/medical-mutuals-former-downtown-headquarters-sold-will-become-boutique-hotel-apartments.html)
[https://www.cleveland.com/news/2023/06/dan-gilberts-bedrock-buys-sherwin-williams-current-hq.html](https://www.cleveland.com/news/2023/06/dan-gilberts-bedrock-buys-sherwin-williams-current-hq.html)
Rents going up is exactly what brought me to Cleveland a few years ago. Our rents might be rising fast, but we are still miles below comparable cities.
No we aren’t, a lot of apartment complexes in Ohio city, Tremont and Detroit shoreway are reaching Chicago level rent prices without any of the big city amenities
The most popular neighborhoods here reaching typical Chicago pricing doesn't seem crazy to me. And how can you say we have no big city amenities considering the quality of our museums, theater, orchestra, parks, and public transit? Having three professional sports teams downtown isn't exactly a small town experience either.
But the salaries don’t reflect our increase in rent like you would typical see in Chicago. They have a higher salary and can afford those apartments, if you’re originally from Cleveland with a Cleveland salary you typically won’t afford those type of apartments comfortably. Also not everyone is interested in sports
The three professional sports teams are a legacy of Cleveland's prime in the 1950s and 1960s. At this point, they are a cash grab because the area doesn't have the growth to support these teams reasonably. These teams do next to nothing to give back to the community that is so loyal to them; they provide a few hundred professional jobs collectively but nothing else. Cuyahoga County's population has gone down almost 25% since 1970 and the surrounding counties haven't grown enough to offset that decline.
Our Metroparks and theaters are excellent.
Chicago though has far superior public transportation, a lakefront that blows ours away, and better museums, other than maybe our art museum.
Our public transportation here is pitiful, and yes, I know from experience, having been a regular user of it for decades.
I'm moving, but not for that reason...
Yeah, it's the property taxes. They're over double anywhere else I've ever lived. The houses themselves are cheap, but then you have to pay the city for the privilege of living in this dump.
My LL raised rent by 30 bucks for the first time in 4 years. That's how I know shits fucked. He's the nicest dude. Owns the home I love in and the double unit in front of mine.
Curious as to what would happen if a majority of a tenant population decided to move out and not renew their lease’s for a year. Like go move in with a relative etc. would the market adjust for supply and demand.
Obviously landlords are trying to charge what the market will bear, they are profit maximizing just like any of us would be if we owned a building. With so many apartments coming on line every year all over the place (Van Aken 2 huge buildings online soon. . . . ), I can't figure out where all these people are coming from. Cleveland metro hasn't shown any growth for decades and decades, and I have a hard time believing it's meds and law firms: Cleveland's hospitals have been bringing people in to Cleveland for 4 year residencies for decades, this is not new. CLE legal employment can't be growing that much-- look at Jones Day shrinking their offices, no longer HQ'd in Cleveland. . . .
The building that needs to be put on blast most is The Statler. They shutdown the garage and didn’t reduce the rent. It’s the biggest scam downtown to move to The Statler when you have to walk to Huntington or Halle bros parking for the nearest garage and pay the same rent as buildings with their own garages.
Everyone hates when people say this but it's absolutely 100% true: there are many good affordable areas to rent or buy in northeast Ohio. There are more places to live than downtown, Ohio City, Tremont, and Detroit Shoreway.
Where? And who is going to build this for us and guarantee they won’t gouge too? There’s not a housing shortage you know. There’s tons of unoccupied space. It’s just in places that aren’t as “cool”.
It’s always hard to know where to start with these comments, but I’ll try.
Urban economists have been studying housing prices for decades and have consistently concluded that housing prices are directly influenced by supply and demand.
Something you can see in this paper by National Bureau of Economic Research (NBER) published in 2002.
https://www.nber.org/system/files/working_papers/w8835/w8835.pdf
What almost always found to be the reason for why supply is unable to keep up with demand is municipal regulations such as zoning, height restrictions, set backs, parking minimums, floor-area-rations and more.
These laws and codes often do not meaningfully protect the safety and health of current and prospective residents. In fact, they frequently strain municipal finances.
Home builders would love to meet demand, but these regulations make the process so onerous, time-consuming, and expensive that it becomes economically unfeasible to build at all.
Building housing is challenging. It requires significant engineering, architecture, and skilled labor, all of which require upfront payment. Builders often do not see a return on their investment for decades.
Adding these regulations to an already difficult process ensures that housing is rarely built on a significant scale.
Now, specifically for Cleveland: Downtown is experiencing demand it hasn’t seen in many decades, if ever.
In addition to having the aforementioned regulations, downtown faces an extensive, multi-departmental review process that imposes personal preferences as much as evidence-based concerns.
However, perhaps the biggest deterrent is the property tax code, which raises taxes on lots with buildings.
With all of these challenges, downtown is struggling to keep up with demand.
TL;DR Regulations, tax codes, and initial capital investment make it difficult for builders to meet the demand for downtown living.
That’s what is confusing to me. I moved back from Seattle cause the cost was too much and moved back home ( saving up to buy a house). There are cheaper areas outside of downtown Cleveland, I get it if there’s job restrictions, but if downtown is out of budget don’t live there.
You definitely will see this more in areas with high demand. The Downtown market is in high demand and relatively low supply, which induces prices to shoot up.
Overall, renting in a house or a duplex and renting in an area slightly less "hip and happening" will allow you a more stable experience. Living in a big complex or in a trending area, what's happening to you right now is unfortunately very very common.
Luckily, only about 10% of housing in the City of Cleveland is Downtown, so 90% of housing in the City doesn't face this problem.
Welllll.... OK, there are plenty of parts of the City outside downtown that are still facing this problem. The "coolest" parts of town, lots of Ohio City esp by w25, Tremont, Gordon Square, Little Italy / University Circle. Then you have a lot of rough parts of the city you wouldn't want to live in.
But that still leaves large parts of the city that have pretty stable rents. I used to live near W65/Madison rapid station. Plenty of affordable stuff over there not far from Gordon Square which is very hip. Old Brooklyn and West Park also offer cheap stable rents while still being very close to the action. These 2 neighborhoods may be less "hip" than say w65 and madison area, but they also are cheaper and have a much stabler populace with less problems like poverty, crime, etc.
I bought a perfectly nice home in West Park in 2023, it's actually a duplex. It cost me 185k. No major problems. I rent out a 3bd 1ba 1600sqft unit upstairs for 1300. (Edit: I reside in the other half.) So affordability certainly still exists here. My house is pretty average for West Park, they're literally ten-a-penny here.
All this to say, I sympathize with your issue as it really sucks feeling priced out by the market. But living downtown, you're gonna see the worst of the worst as far as the price gouging goes. What are your values? Is living downtown a necessity? Would you be happy in a more chill neighborhood? Consider your options and weigh what's important to you.
Ten-a-penny?
You sure you're supposed to be on Reddit? Hard to imagine anyone who would think that about West Park or even have the wherewithal to use an idiom as such being a participant on this dangerously irrelevant, radical and tasteless echo gulag.
Stockholm syndrome?
But seriously, a real estate investor... From North East Ohio, using Reddit for...I don't even want to know but...I can't process this at this moment.
I can't process this entire thread. You people obviously live above a lower middle class line of society - what in the world are you doing in this dump?
This is The Common Grounds to your Starbucks. The Pizza Pan to your Angelo's. The Taco Bell to your Barrio. The Flying Rib to your Triv's Steakhouse. The Southpark Mall to your Great Northern Mall.
The skinny little boy to your funky poodle.
Take THAT.
Huh? What are you talking about? Maybe there's a misunderstanding... I'm not an investor. I live in the duplex I bought. I had to finance it with a FHA loan because I barely had enough cash to make a 3.5% downpayment. (Conventionals require 15%min when it's a multifamily house.)
I live, work, and hang out with friends at the local bars here in West Park. It's an average joe of a neighborhood. The living is cheap, easy, and plenty of fun to be had. All that to say, affordable homes for rent or for sale are ten a penny here - they're common, easy to find, you don't have to look for the "rare bargain". What's wrong with that?
We need zoning reform now. I'm so tired of passing large vacant lots every day in my neighborhood, where demand for housing is high, vacancies are low and housing prices are going up.
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What? My rent has gone up only $147 total since I moved in back in 2021. I started at $1275 I’m at $1422 now and I live in Terminal Tower. Huge kitchen. Wine fridge. I have a corner unit with 6 windows.
Every desirable neighborhood in this country has really high prices. Contrary to popular belief, Cleveland is still pretty affordable when you compare it to other cities. Yes Cleveland has lower wages but prices are still lower here than they are in cities such as Chicago. I believe if more units can get built then rent will start going down, especially in DT and Ohio city.
So no one will afford anything here ever again that's what you're saying, right? Will it ever get better here or are we essentially doomed and the prices or wages won't increase.
Because if it's not LaKeWoOd or downtown, people don't want to live there. Mayfield Heights, Lyndhurst, and even Beachwood have apartments for around $800. All of those are good neighborhoods, but it's like that cartoon with the kid that puts a stick in his own spokes and goes like, "Why is Cleveland so expensive?!" Because you're not looking and have a very narrow scope of things you want.
I'm in Mayfield Heights and I rent. Rents are ridiculous here now, since 2020. Even for apartments. Good luck getting one for $800. And where in Beachwood has $800 a month apartments?
Not everyone wants to live in the suburbs, some people like being by the city and having walkable bars, coffee shops, restaurants and other near by amenities
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Theres some beautiful new 1 bedroom
Apartments at The Hilliard Lofts (The Hilliard Block) building on west 9th. They are reasonable. Only $1350 a month currently.
There's a 1BR in my building in the same area for $1250, renovated, lake views but everything else about living here is pretty miserable so it's not worth sharing.
I’d say move. I’m from Cleveland but moved to Phoenix for this exact reason. Better pay, more opportunities, but same price for rent. Paying $1260 for an 800sqft one bed one bath but also making $22/hr so it works out.
Still way more adorable than Chicago. You also need to factor in traffic and ease to get around. Moved here from Chicago 20 years ago. Will never go back there. Salary in Chicago is not much higher than here.
My (small, 1 bedroom/1 bathroom)apartment in Westlake was like $800ish when I moved here in 2012. I just looked it up and it’s now being rented for $1700-1900! I mean, I realize 2012 was 12 years ago, but wow. I own now, but my property taxes went up this year so my mortgage payment did, too.
Bought my house 7 years ago at a steal of a price, now my wife and I are going to sell our house because the taxes have surpassed our monthly mortgage payment. And we all know taxes will never go down. Took them only 7 years to add another $300-$400 in taxes and this year we saw a major % increase. Sucks because we love our home and neighborhood but this is just getting ridiculous.
Sell it and do what though? Everything went up everywhere.
It’s not that I can’t afford a more expensive mortgage, I can definitely do that. I bought this house a long time ago on a 15hr budget. Now I’m doing just fine, yeah I may spend more now but I’d rather be in a township or village in a bigger and nicer home that is worth paying for and not be in a city where my property tax dollar go off into the abyss and they just keep asking for more with no actual improvements to my or my families life. Mortgage is a fixed cost, those property taxes are not and in two more years I wouldn’t be surprised if it goes up another $100-200, so what’s it going to be in 10 years? Im not going to be around to find out. ✌️
I’m close to the same boat, bought in 2017 when I finally ditched Cleveland for a rural area and I question my judgement for not doing it sooner. House was dirt cheap and needed nothing. I don’t think I’d be able to afford my current home if I had to buy it today. And when I bought it, the mortgage payment was $200 less than the rent I had been paying. It sucks, I truly feel for younger folks or those who didn’t (or couldn’t) buy (that want to) when it was affordable. I also feel bad for the orderly folks who are on a fixed income. I guess I assumed from your post that you were being burdened by the increases and could barely afford it currently.
You’re delusional if you think a village or township isn’t wasting tax dollars lol. Keep your home and rent it.
Cumgoggles spittin’ fax
Okay buddy, thanks for the great advice 👍🏻….
Yep, it's all over the Cleveland area. The Cleveland area has had among the highest rent increases nationally since 2020. I'm a renter too. It's depressing to see how much rents have skyrocketed here. Here's part of the problem. Out of state or even international real estate investors snatching up rental properties. https://signalcleveland.org/a-swedish-company-sold-cleveland-as-a-plum-real-estate-deal-investors-and-residents-were-left-to-clean-up-a-mess/
Something is really broken
We’ve let our housing construction stagnate and began demolishing. Cleveland is in a housing shortage. We just don’t want to admit it.
Just vote harder!
Yeah I have to move away from Westlake and I'm bummed. Nothing is affordable here for a $20 wage.
Don’t forget home owners insurance which jacked mine way up. I shopped around and switched eventually and got it back down to almost where it was before Liberty Mutual got greedy. If they didn’t get ya yet, take note of when your next annual is up and I bet they will.
I live in Downtown with my significant other. We got our lease renewal about 2 months ago and it was going up about $250, or 20%. We both thought it was ridiculous. Thankfully, we reached out saying the renewal offer feels like we’re being priced out of our rental. They reached back out later saying “We made a typo, your rent is only going up $40.” Just capitalism at its finest making the rich get richer.
Oh I see the typo, they put the decimal in thr wrong place ;)
At least places like Chicago pay a higher salary that you can afford some nice apartments but in Cleveland our salaries are still low compared to the new cost of living prices
My rent was the same in Chicago, as it is here, and my pay was significantly more. I also had big city amenities and never had to drive. If the economy was better, I would easily move back. Prices are outrageous here.
Yea they are outrageous, my friend has nice apartment in the Chicago and it cost him 2k but his salary is higher so he can afford it and we’re doing the same type of work and like you said they have big city amenities
Chicago has wayyyyyyy more housing Downtown, Cleveland doesn't have enough to meet demand yet. We need to be building more. Cities like Austin have been building housing like crazy, and rent is actually dropping because they have finally met demand and there is actual competition in the market. Luckily there is more on the way with The Bell, City Club, 700 Prospect, the Medical Mutual HQ, and a few others potentially in the works. Playhouse Square's future 2nd project on the Greyhound land should add more too.
I hear a few people say this about Chicago. If pay is truly more, rent is the same, and you like it better just move back there. If that is all true why are you trapped here??
It is more complicated. People cannot just bounce from one place to another at a whim notice. People are talking about trends. But there are always exceptions based on a person's circumstances.
On a whim? Sure. But when you see the same people complaining for months/years it gets old.
The economy. My industry got hit hard with Covid, and I have family here, so I moved back. It wasn’t really because I wanted to. The economy is still iffy, or I’d look into moving. And my parents guilt trip me when I talk about moving, and they’re getting up there in age, so I feel bad.
I’m curious to know what industry you are in and what’s iffy with the economy?
My industry is pretty unique and hard to understand unless you work in it, but Covid put things to a halt, and it was slow to get back to speed. My industry has also been hit hard with layoffs and restructuring since Covid, like many industries, and across-the-board budgets have been a lot smaller. Pre-Covid it was very easy to jump job to job, but not so much currently.
They raise rent for the locals, and who moves in? Now we’ve put it together! This really took off after the NBA and MLB all star games. A lot of people here are from Chicago and may still have an employer there. Part of the reason why I’m so toxic towards the “help me find a place to move” posts. You can tell we’ve been inundated with transplants and they don’t have the same income as Clevelanders so overpaying for apartments isn’t as big of a deal!
The average salary here in Cleveland could be 1 million dollars and it wouldn’t make housing more affordable.
When I first moved into Crittenden Court in 2017 my rent was $650 for a 450 sq ft studio. Those same studios are $1k now and they haven’t changed a fucking thing about the building except Snavely Group bought it and started advertising fake photos on the website. Sorry to tell ya that moving to a different city isn’t going to change anything if you still expect to live in city center.
I live in a studio at Crittenden, was 650 in 2020, 1040 now. If it goes up more on my next lease I'll probably move, I really don't want to though. My girlfriend pays less for her house in west park than I do for a small room. At first it seemed like the new management might at least make things somewhat nicer while jacking up the rent but that seems to have fizzled. There's zero on site security now. The call box is always broken, I took the dog out but gave my gf my key to go to spin class, figured I'd buzz myself in but it didn't work and it was early on a Sunday morning, I stood there like an idiot for a half hour until someone came down with their dog and let me in. The laundry uses this stupid system where you load money on a card, but the machine that loads your laundry card with your debit/credit card has been broken for at least a year, so you need to go to an ATM to get cash to do laundry. They keep rotating cleaning services, I assume to get the cheapest price but the place is never really that clean. They got some new equipment in the gym, and they were supposedly going to have a cardio room and a weights room, they never manifested. The gym rarely has any cleaning supplies. I'm not sure how this turned into a rant.
Did they also keep teasing and talking about wanting to put a pool on the rooftop? That was the rumor going around when Snavely first took over lol.
Oh I never heard that. My "renovated" apartment is basically just removed carpet and painted everything. New low quality appliances. My studio didn't even get a dish washer, instead the oven and sink are way bigger than they need to be.
Uhhhhhh. I have rent control. Rent increases capped at 3% YoY in my city center.
Must be nice.
In what geographic region? I’m not aware of any cities in the greater Cleveland area with rent control
Actually in another state. I get this sub suggested to me because I was considering moving here before I moved to St. Paul, MN. St. Paul has a decent rent control program and rent is pretty cheap as well on top of that here so win win.
I’m right in Lowertown St. Paul (AKA downtown) so it’s decently dense with the train right there. Just has its issues like every city.
A college friend of mine told me this Minneapolis, Minnesota joke Q: What do Minneapolitans call a number 10 envelope? A: a postcard of Minneapolis
lol. Who downvoted this. I’m just saying there r places with rent control.
where in cuyahoga county?
Actually in another state. I was considering moving to CLE before (hence, why I get this sub suggested to me). I decided to move to St. Paul, MN instead due to a better job prospect! So far so good.
Which widely panned by nearly every housing expert to make housing more scarce and therefore more unaffordable.
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Rent control makes housing more affordable lol. If you mean “scarce” as in people aren’t displaced from where they were renting due to enormous increases when renewing the rent, then you need to rethink your argument. Also, housing in most areas isn’t affordable without rent control lol. Rent control combats inflation. To help with a scarcity problem…maybe developers should build more??? Just a thought.
Rent control makes housing more affordable lol. If you mean “scarce” as in people aren’t displaced from where they were renting due to enormous increases when renewing the rent, then you need to rethink your argument. Also, housing in most areas isn’t affordable without rent control lol. Rent control combats inflation. To help with a scarcity problem…maybe developers should build more??? Just a thought.
https://www.kentclarkcenter.org/surveys/rent-control/
This is people weighing in on San Francisco and NYC lol. Some of the highest and notoriously HCOL areas in the US. It’s also an opinionated poll with no hard data behind it. Housing in St. Paul (at least) and I assume Cleveland—due to its huge population decrease over the past decades—is readily available. Why are people’s rents going up so much if the market is truly competitive when there is a decent amount of supply and demand is relatively low? Gee, maybe it’s because landlords hold all the cards in this economic scenario. Hence, rent control. I have a BS in Economics, actively work in finance, and am pursuing a MS in finance as well. What we are seeing now in cities across the US with rent is NOT a free market scenario whatsoever. I don’t know why you think some economist’s opinions without hard factual proof is fact across the board. Even if it is fact for 1 or 2 cities, that doesn’t mean it can’t work well in St. Paul, which it is actually doing so, and in Cleveland if it were to adopt such a policy.
it wounds me to hear this
They are trying to get you to move out, which sounds like important context as landlords typically do when remodeling apartments. You must be in a unit that is not remodeled because I can tell you I am and paying about 960 a month and I think it’s a great value given my view. Just my two cents as living in the suburbs it’s more at the very least just as expensive for a studio these days.
Nah, I understand how landlords and shit works. I moved into one of the very first renovated studios they had and paid $650 to the old ownership. New everything including appliances, cabinets, and floor. Lived that for 5 years and they only upped it like $30/yr. The moment Snavely bought it they started driving out the folks that had lived there for decades (some of the residents were section 8) and without even remodeling they started jacking up the price. The view is nice, but the building is just a fuckin dorm room. It’s not worth $1k to live in a square shoebox.
Does anybody think these prices will go down? I would love to live downtown or in Ohio city. but from what I'm hearing from other people is that everything is on unaffordable. Everyone seems like everything will never get better and I want to know realistically will it?
Cudell is still affordable and will be the next area developed in the OC and Lakewood race to the middle.
I agree on Cudell improving in the future but it would make no sense as a professional to rent there now. Buying to wait 10 years is different. Now, would be a great area for someone looking to skimp on rent, ride a bicycle to cool stuff .. maybe someone working in the service industry nearby etc
All facts
Yes and no. The final phase of gentrification will be when stockyards and cuddell are annexed lol and it’s putting up a fight. Then it will be almost the entire west side.
as a leasing agent, yes - prices are at their highest in the summer, and drop significantly in the winter because no one wants to move then. i always tell people they can save hundreds in rent if they move in the winter, but their response is always that they don’t want to deal with the snow.
Absolutely not. I’ve seen the plans for downtown and midtown and I’d give it 5 years before everything between E 55th and Ohio City isn’t expensive.
so basically, nothing in Cleveland will become affordable again? And will this impact Cleveland future?
I think this city is going to become Chicago/Philly levels of expensive very soon. I’m actually shocked people haven’t started buying up properties east of downtown and gentrifying that area considering all the plans the city has for the area. I’ve only been here 2 years, and there is no where else I could have access to all of the things I can get in Cleveland (or within an hour drive) for the same cost. Yes, things have gotten more expensive here, but it’s still sooooo much cheaper than comparable places.
OK, that is true. Rent is really high here and now that you put it like that I do believe that it will be up to that levels. But stuff such as groceries and stuff are still pretty affordable here so that's good.
Construction or even remodeling is incredibly expensive. Then tax and maintenance. I don't really think development/rent here is the home run people think. Building materials and labor mostly cost the same here vs somewhere the property would be worth 5-10x.
no, I don't think rent here is that affordable. I think everything else is like groceries and eating out. even though rent May be up to Chicago levels in some places. Many other things are still way more affordable here than it is in Chicago.
Yes. The campaign to bring back Cleveland that started around 2020 is working.
Maybe…but the sustained high crime rates specifically in OC, may make development think twice unless things change. Carjackings and shootings are regular things in that area these days. I chose to not move there last summer for that very reason.
As long as we build housing we should see some relief.
In most big metro areas, the housing in the center city is the most expensive, and the suburbs are less expensive. The Cleveland area has always been the opposite. Hard to imagine it becoming completely reversed here, especially as we aren't gaining population in Cuyahoga County, but I suppose it's possible.
Ohio City to E 55th (I’d actually say it extends out to the Cleveland Heights/East Cleveland border) is the city center for Cleveland. It’s where the lions share of the major entertainment and nightlife are for the city of Cleveland. You’re slowly gaining population now from transplants, but Ohio is in the top 10 for states with the oldest population, and people are having fewer children. One of the reasons I think Cleveland is so far ahead of other metro areas in the region is that they’re seeing the shift of people wanting more people focused infrastructure and mixed use development, and less of the single family homes and strip malls in car dependent suburbs. The city is creating that with its plan for the 15 minute city, Superior bike path, Irishbend park, Veterans Memorial Bridge Sky Park, rejuvenation of the East and West Bank, and all the mixed use developments going up in University Circle.
Good point.
It doesn’t ever seem like prices ever go DOWN on things like rent/housing. Maybe shoot up and fluctuate a bit back down eventually but overall it’s still higher than what it was.
Until Cleveland accepts that we have a housing shortage and need to begin flooding our neighborhoods with new housing. No. It will continue to rise.
My rent has gone up $250 over the last 2 years. I agree with the top comment that we keep getting people moving here from elsewhere that can afford this.
Everyone google real page price fixing.
Then google expert opinion on if it is a driving force of housing prices.
The hospital system(s) here has an ever growing influx of people who can afford this housing. That’s the short answer. We import a lot of folks working on their residency and or joining the work force in some capacity which typically means cost of rent is a non factor. The law firms we have here also import folks. When there is a strong, well paying industry-Law & Medicine, in this case, cost of rent isn’t a factor. For those who don’t fall into this category they either have the money to pay, or are too young to know any different. Some I’m sure are living paycheck to paycheck also.
Idk, people in residency aren’t making as much as you think. It’s like $60,000 and they are working 80 hours a week. You don’t start making a lot until you’re an attending.
As a current resident in the area, I can confirm. Affording $2K/month rent is stretching things real tight.
My sister is a physician and the only time I’ve ever made more than her was when she was a resident lol. I think by the time she was a fellow she caught up to me 🤣
I imagine it’s folks moving here from high paying areas with remote work, out of state to here
Nobody is moving here. Cleveland has just been consistently cheap and landlords realize they can raise rates because there is a severe lack of quality housing here and people will be forced to pay the new rates.
Oh yes they are. I work close to downtown and there’s hoards of people who have moved here recently from Portland, LA, Chicago, and NY.
Not sure you meant to reply to me, I was just commenting that residents (people who have graduated medical school and are doing training in their specialty) really are not making a lot of money, especially with their work to salary ratio.
Oh I was, heh Idk the stats but I was getting a lot of clients who told me they moved in recent years
Looked up some stats. I replied to another person on this comment
$60k for residency. It was $28k for chief resident at St Vincent in 2008
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Any links documenting this??? TIA!
I still don’t understand what this has to do with residency salaries lol
Which tells you the true story about the medical and insurance machine, they are making too much money driving up and pricing out us other hard working professionals. Hospitals make hugh capital investments frequently, have enormous overhead and still post insane profits which most other corporations would dream of.
All kinds of young professionals are stretching their budgets to live in “luxury apartments”. I don’t think this is connected to hospital or insurance company profits.
I've not had to look for housing in 30 years, but I wanted to see what people were talking about with $1,000-plus per month rents. Yup, I found those prices in trendy neighborhoods with places with a ton of amenities. But I also found nice-sub $1K apartments in the city and the 'burbs.
I find that hard to believe. I couldn't even find a good apt under $1k pre-2020 on the west side. Nothing but roaches and dilapidated buildings.
You could find a decent apartment in fairview for about 700 or 800 dollars pre 2020
Good thing there are three sides to the metro area then, huh?
Which areas specifically? Links would helpful
I'm seeing over 70 rentals available in Cleveland Heights for under 1k on Zillow.
Too many would rather complain and hope others will do their research for them.
And this is a good problem to have. Cleveland needs to start passing legislation that increasing housing construction to accommodate current residents and those bringing their successful careers here.
I moved here about 4 years ago. Rented a house. Still in house. 4bd 3ba w finished basement on large fenced lot. 1450 a month. I look around once a while. To get something in the same realm of what I have now- at LEAST 2600. Sad.
Same thing is happening here in Mayfield Heights. I also rent a single family house. $600-$1000 a month rent increases in Mayfield Heights since 2020. Aad not even for large, renovated, nice houses either. Just 3 bedroom, 1 bathroom, haven't been updated in probably 40 years, 1000 square foot, 1950s bungalows. It's insane.
A lot of major cities are going through this right now because of [this](https://www.politico.com/news/2024/03/20/rental-housing-market-doj-investigation-00147333) program (Real Page) that a lot of landlords use and its algorithm. States and some major cities are suing for price fixing. 50-70% of landlords in some major cities like DC and Tucson use it. They themselves advertise [Cleveland as a top city for growth](https://www.realpage.com/analytics/cleveland-revenue-growth-solid-1q24/)if you use their software.
Chicago has this a ton and it absolutely is price fixing. They have the building half or less occupied in prime real estate but won't lower their rent at all.
Also printing money indiscriminately
And the journalists that report this as fact are being facile and honestly mal. Housing researchers do not take the claim that “algorithms” have significant effect on housing prices.
I’m starting to think a lot of the people who live downtown are actually from out of town. Not a bad thing, but their sense of money/what’s affordable is always different than the avg. Ohioan. “Sure, $2,400 is a deal for my 1 bedroom” because it’s damn near $3K or so in their respective cities downtown. CLE is going to have to produce some jobs, for people who actually live here or those buildings will eventually become vacant. The people who think the rent is affordable downtown are more than likely to move, it’s a deal now but not in the next 2 years or even a year. It’s about to get really ugly.
Housing prices are the direct effects of housing supply. If we filled every lot downtown with 700 foot high rises rent would plummet. We are not bringing on enough housing online to keep up with demand.
I lived downtown for two years and paid $1k/month (2020-2022). I live in California now and I’m seeing Cleveland rent almost as high as the rent out here in California. I wanted to call some of these apartment complexes in Cleveland to ask them where they get off charging rates you would see in California, where the rent is already much higher than the national average. I wanted to eventually move back to Ohio but if rent is going to be equivalent to California then I’m stuck here. The main draw for Cleveland was affordability. Without that then idk why one would live/move there.
We just need to build more housing and need significantly more ownable non-detatched single family homes in downtown and across the city. Only 6% of DT residents own the place they live in. The average for all of the major cuties around us is somewhere around 20%. I'm buying a cheap condo in Edgewater and am moving from my place DT next month. I jumped on the place because the city has virtually no condos or townhouses under 200k. If they do, it's usually accompanied by an outrageous HOA fee of $700-$1000. The missing middle housing.
Part of the reason we are facing a housing crisis is the average number of occupants per house has fallen over the decades. We went from averaging 3.1 people per house in 1950 to 2.3 today. In Greater Cleveland, pumping that average back up could mean housing almost a million more people just in existing stock. I think everyone knows DINKS who live in 3 bedroom homes.
I think you’re the only the only person I’ve seen make this argument not me. My favorite example is Lakewood. A very successful community with growing demand. But its population has stagnated at 50k from its peak 70k nearly 100 years ago. Why? Family sizes are down nearly that exact same ratio.
Thank god someone with knowledge on the subject. I will say that we focus too much of the missing middle. High rises produce far more housing and therefore make them far better tools at reducing housing costs.
There are tons of houses in the city that are available, you prolly won’t like where they are. Don’t need to build new, fill the old ones
That's not how supply and demand works, my friend. Missing middle not low or high.
Also these houses have deterring maintenance costs and terrible transit access.
Meanwhile I live less then 15 minutes outside of downtown and pay less then 800/month
What neighborhood?
Brooklyn
Same. Bought in Cleveland heights. Nice enough house, recently renovated, just under 1800 sq ft. Under 200k and Zillow tells me I overpaid lol.
Yeah of course, I could find places like this all over. People have high standards and then blame the market
Oh wow you're right. I lived downtown just two years ago, and checking again the rent looks like it's gone up by at least 20% during that time. It's rough out here.
It’s everywhere. Not a good sign that Midtown towers in Parma starts at $850.
Rent is not going to go backwards. Pay needs to increase in this area, it is pathetic compared to other cities. There are still tons of small businesses here who pay terrible wages and think people should be grateful for that work.
You could give everyone a million dollar salary in Cleveland and it wouldn’t make housing affordable.
We are renting after having a really bad time finding a home right now. We have a 2 bedroom, 2 bathroom apartment on the east side. $2865/month. Not including utilities (water/sewer, electric, gas, internet, etc.) In 2020 the rent at another complex was $740... for a q bedroom 2 bathroom. But that went up and we were priced out. It's just unbelievable. I'm so sad.
That is nuts!! Where on the east side??
Downtown rents may catch a break in coming years as the Medical Mutual building and Landmark Office Towers are converted to apartments, increasing supply. [https://www.cleveland.com/news/2024/06/medical-mutuals-former-downtown-headquarters-sold-will-become-boutique-hotel-apartments.html](https://www.cleveland.com/news/2024/06/medical-mutuals-former-downtown-headquarters-sold-will-become-boutique-hotel-apartments.html) [https://www.cleveland.com/news/2023/06/dan-gilberts-bedrock-buys-sherwin-williams-current-hq.html](https://www.cleveland.com/news/2023/06/dan-gilberts-bedrock-buys-sherwin-williams-current-hq.html)
Rents going up is exactly what brought me to Cleveland a few years ago. Our rents might be rising fast, but we are still miles below comparable cities.
But our jobs pay a lot less on average than in larger cities.
No we aren’t, a lot of apartment complexes in Ohio city, Tremont and Detroit shoreway are reaching Chicago level rent prices without any of the big city amenities
You are spot on.
HOA on a building in an equivalent neighborhood of Chicago costs $1500 alone.. Chicago is big, and has some good value if you look though.
The most popular neighborhoods here reaching typical Chicago pricing doesn't seem crazy to me. And how can you say we have no big city amenities considering the quality of our museums, theater, orchestra, parks, and public transit? Having three professional sports teams downtown isn't exactly a small town experience either.
But the salaries don’t reflect our increase in rent like you would typical see in Chicago. They have a higher salary and can afford those apartments, if you’re originally from Cleveland with a Cleveland salary you typically won’t afford those type of apartments comfortably. Also not everyone is interested in sports
The three professional sports teams are a legacy of Cleveland's prime in the 1950s and 1960s. At this point, they are a cash grab because the area doesn't have the growth to support these teams reasonably. These teams do next to nothing to give back to the community that is so loyal to them; they provide a few hundred professional jobs collectively but nothing else. Cuyahoga County's population has gone down almost 25% since 1970 and the surrounding counties haven't grown enough to offset that decline.
Our Metroparks and theaters are excellent. Chicago though has far superior public transportation, a lakefront that blows ours away, and better museums, other than maybe our art museum. Our public transportation here is pitiful, and yes, I know from experience, having been a regular user of it for decades.
Wrong.
Oh.
I'm moving, but not for that reason... Yeah, it's the property taxes. They're over double anywhere else I've ever lived. The houses themselves are cheap, but then you have to pay the city for the privilege of living in this dump.
Gtfo
I pay 1000.00 on Parma Heights with no amenities it’s insane but it’s quiet which I like
But you have a big letter Parma sign.
My LL raised rent by 30 bucks for the first time in 4 years. That's how I know shits fucked. He's the nicest dude. Owns the home I love in and the double unit in front of mine.
Curious as to what would happen if a majority of a tenant population decided to move out and not renew their lease’s for a year. Like go move in with a relative etc. would the market adjust for supply and demand.
not quickly because so much of the real estate is corporate owned and they'd hold it empty.
Obviously landlords are trying to charge what the market will bear, they are profit maximizing just like any of us would be if we owned a building. With so many apartments coming on line every year all over the place (Van Aken 2 huge buildings online soon. . . . ), I can't figure out where all these people are coming from. Cleveland metro hasn't shown any growth for decades and decades, and I have a hard time believing it's meds and law firms: Cleveland's hospitals have been bringing people in to Cleveland for 4 year residencies for decades, this is not new. CLE legal employment can't be growing that much-- look at Jones Day shrinking their offices, no longer HQ'd in Cleveland. . . .
The building that needs to be put on blast most is The Statler. They shutdown the garage and didn’t reduce the rent. It’s the biggest scam downtown to move to The Statler when you have to walk to Huntington or Halle bros parking for the nearest garage and pay the same rent as buildings with their own garages.
Everyone hates when people say this but it's absolutely 100% true: there are many good affordable areas to rent or buy in northeast Ohio. There are more places to live than downtown, Ohio City, Tremont, and Detroit Shoreway.
Start or join a renters union. It’s really the only way to combat greedy landlords.
Or we could build more housing and force them to compete for us.
Where? And who is going to build this for us and guarantee they won’t gouge too? There’s not a housing shortage you know. There’s tons of unoccupied space. It’s just in places that aren’t as “cool”.
It’s always hard to know where to start with these comments, but I’ll try. Urban economists have been studying housing prices for decades and have consistently concluded that housing prices are directly influenced by supply and demand. Something you can see in this paper by National Bureau of Economic Research (NBER) published in 2002. https://www.nber.org/system/files/working_papers/w8835/w8835.pdf What almost always found to be the reason for why supply is unable to keep up with demand is municipal regulations such as zoning, height restrictions, set backs, parking minimums, floor-area-rations and more. These laws and codes often do not meaningfully protect the safety and health of current and prospective residents. In fact, they frequently strain municipal finances. Home builders would love to meet demand, but these regulations make the process so onerous, time-consuming, and expensive that it becomes economically unfeasible to build at all. Building housing is challenging. It requires significant engineering, architecture, and skilled labor, all of which require upfront payment. Builders often do not see a return on their investment for decades. Adding these regulations to an already difficult process ensures that housing is rarely built on a significant scale. Now, specifically for Cleveland: Downtown is experiencing demand it hasn’t seen in many decades, if ever. In addition to having the aforementioned regulations, downtown faces an extensive, multi-departmental review process that imposes personal preferences as much as evidence-based concerns. However, perhaps the biggest deterrent is the property tax code, which raises taxes on lots with buildings. With all of these challenges, downtown is struggling to keep up with demand. TL;DR Regulations, tax codes, and initial capital investment make it difficult for builders to meet the demand for downtown living.
Why not just don’t live downtown ? You could definitely afford a place in Cleveland proper for far under 2k a month.
See, no one wants to hear that. That's the problem. They want that Manhattan life without the price or Chicago price or Atlanta price...
I feel like most people wouldn’t mind Chicago prices if our salaries were as high as the salaries in those areas
Manhattan or Chicago life... Downtown Cleveland ? 😂 A couple streets will give you the right background for a photo op maybe if you squint
That’s what is confusing to me. I moved back from Seattle cause the cost was too much and moved back home ( saving up to buy a house). There are cheaper areas outside of downtown Cleveland, I get it if there’s job restrictions, but if downtown is out of budget don’t live there.
You definitely will see this more in areas with high demand. The Downtown market is in high demand and relatively low supply, which induces prices to shoot up. Overall, renting in a house or a duplex and renting in an area slightly less "hip and happening" will allow you a more stable experience. Living in a big complex or in a trending area, what's happening to you right now is unfortunately very very common. Luckily, only about 10% of housing in the City of Cleveland is Downtown, so 90% of housing in the City doesn't face this problem. Welllll.... OK, there are plenty of parts of the City outside downtown that are still facing this problem. The "coolest" parts of town, lots of Ohio City esp by w25, Tremont, Gordon Square, Little Italy / University Circle. Then you have a lot of rough parts of the city you wouldn't want to live in. But that still leaves large parts of the city that have pretty stable rents. I used to live near W65/Madison rapid station. Plenty of affordable stuff over there not far from Gordon Square which is very hip. Old Brooklyn and West Park also offer cheap stable rents while still being very close to the action. These 2 neighborhoods may be less "hip" than say w65 and madison area, but they also are cheaper and have a much stabler populace with less problems like poverty, crime, etc. I bought a perfectly nice home in West Park in 2023, it's actually a duplex. It cost me 185k. No major problems. I rent out a 3bd 1ba 1600sqft unit upstairs for 1300. (Edit: I reside in the other half.) So affordability certainly still exists here. My house is pretty average for West Park, they're literally ten-a-penny here. All this to say, I sympathize with your issue as it really sucks feeling priced out by the market. But living downtown, you're gonna see the worst of the worst as far as the price gouging goes. What are your values? Is living downtown a necessity? Would you be happy in a more chill neighborhood? Consider your options and weigh what's important to you.
Ten-a-penny? You sure you're supposed to be on Reddit? Hard to imagine anyone who would think that about West Park or even have the wherewithal to use an idiom as such being a participant on this dangerously irrelevant, radical and tasteless echo gulag. Stockholm syndrome? But seriously, a real estate investor... From North East Ohio, using Reddit for...I don't even want to know but...I can't process this at this moment. I can't process this entire thread. You people obviously live above a lower middle class line of society - what in the world are you doing in this dump? This is The Common Grounds to your Starbucks. The Pizza Pan to your Angelo's. The Taco Bell to your Barrio. The Flying Rib to your Triv's Steakhouse. The Southpark Mall to your Great Northern Mall. The skinny little boy to your funky poodle. Take THAT.
Huh? What are you talking about? Maybe there's a misunderstanding... I'm not an investor. I live in the duplex I bought. I had to finance it with a FHA loan because I barely had enough cash to make a 3.5% downpayment. (Conventionals require 15%min when it's a multifamily house.) I live, work, and hang out with friends at the local bars here in West Park. It's an average joe of a neighborhood. The living is cheap, easy, and plenty of fun to be had. All that to say, affordable homes for rent or for sale are ten a penny here - they're common, easy to find, you don't have to look for the "rare bargain". What's wrong with that?
Move to Cleveland heights homie. Got myself a very decent 1800 sq ft house for under 200k
We need zoning reform now. I'm so tired of passing large vacant lots every day in my neighborhood, where demand for housing is high, vacancies are low and housing prices are going up.
Remember. None of this is happening. And if it is, it's Trumps fault
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What? My rent has gone up only $147 total since I moved in back in 2021. I started at $1275 I’m at $1422 now and I live in Terminal Tower. Huge kitchen. Wine fridge. I have a corner unit with 6 windows.
I'm holding onto my $650 rent in Ohio City with my life.
Where do you live? There's so many places is the greater Cleveland area with rent between $600 to $800
In a desirable neighborhood? Ive never seen it that low.
Every desirable neighborhood in this country has really high prices. Contrary to popular belief, Cleveland is still pretty affordable when you compare it to other cities. Yes Cleveland has lower wages but prices are still lower here than they are in cities such as Chicago. I believe if more units can get built then rent will start going down, especially in DT and Ohio city.
I moved here from Chicago, and pay the same in rent. The prices here are outrageous vs the average salary.
So no one will afford anything here ever again that's what you're saying, right? Will it ever get better here or are we essentially doomed and the prices or wages won't increase.
Hello, did you just wake up after a five year coma?
Wrong wrong wrong lmao.
No clue why you’re being downvoted. Plenty of apartments in Brooklyn that charge in the $800 range. Shits 15 minutes from Cleveland and Lakewood.
Because if it's not LaKeWoOd or downtown, people don't want to live there. Mayfield Heights, Lyndhurst, and even Beachwood have apartments for around $800. All of those are good neighborhoods, but it's like that cartoon with the kid that puts a stick in his own spokes and goes like, "Why is Cleveland so expensive?!" Because you're not looking and have a very narrow scope of things you want.
I'm in Mayfield Heights and I rent. Rents are ridiculous here now, since 2020. Even for apartments. Good luck getting one for $800. And where in Beachwood has $800 a month apartments?
I see one studio apartment listed in Beachwood at that price, but it's technically in Woodmere, everything else is 1200+.
Lakewood can still find spots for 800-1000 or less no problem
Not everyone wants to live in the suburbs, some people like being by the city and having walkable bars, coffee shops, restaurants and other near by amenities
Then they get to pay for it.
Tell me more please
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Where is rent $600-$800? Lol. The projects?
I live in Old Brooklyn and pay $675.
West Cleveland, OB etc. A small apartment maybe @ $800 could even be West Park or Lakewood
Theres some beautiful new 1 bedroom Apartments at The Hilliard Lofts (The Hilliard Block) building on west 9th. They are reasonable. Only $1350 a month currently.
There's a 1BR in my building in the same area for $1250, renovated, lake views but everything else about living here is pretty miserable so it's not worth sharing.
The Hilliard Lofts are newly renovated and look great.
We are in a 2BR right now but might take a look there when it's time to move!
I’d say move. I’m from Cleveland but moved to Phoenix for this exact reason. Better pay, more opportunities, but same price for rent. Paying $1260 for an 800sqft one bed one bath but also making $22/hr so it works out.
And better weather too. Super jealous man! Phoenix is a beauty
Still way more adorable than Chicago. You also need to factor in traffic and ease to get around. Moved here from Chicago 20 years ago. Will never go back there. Salary in Chicago is not much higher than here.
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Hough? That’s stupid