The Best Rental Real Estate Markets In 2022

Got this title from https://www.fortunebuilders.com/ and it discusses some of the cities that will have a great rental market. 

One of the cities that are mentioned in this article is Cleveland Ohio and here is what they say about it. 

"Cleveland has experienced a “brain gain” in recent years, as the number of college graduates has risen by more than 100 percent in the area. The city had one of the fastest-growing healthcare economies in 2021, and over 10 Fortune 500 companies remain headquartered in the city. It is interesting to note that Cleveland has become increasingly popular among Millennials (born between 1981 and 1996). The average monthly rent was right at around $1,100, while the average median home price was $138,000. These figures made Cleveland one of the most affordable places to buy a rental property on this year’s list."

Cleveland rental property is an excellent way to create income for you and your portfolio. The key in Cleveland is like any other city, buying the real estate in the areas that will generate a lot of quality tenants and continue to create more equity. 

We have purchased over 60+ income properties this year for me and my clients that have all those ingredients in the property.  Most of our tenants are professionals that need a nice place to live and amenities around them that are consistent with their lifestyle. 

Cleveland rents have gone up between $50-$150 a month and the demand has remained very high. Our vacancies in our properties remain very low to none. 

If you are looking for a city to invest in and has both great equity growth and income call me (Brett) 216-703-5740 Fathom Realty. Let me show you how I have created income and equity in 100's of homes for my clients.