Ohio
9 Replies
Some links on this page may be affiliate links, meaning BiggerPockets may earn a commission. Affiliate links do not reflect member endorsement.
Archie Antwi Investor from Houston, Texas
posted over 1 year agoCan someone tell me why is a lot of people are moving out of Ohio? I have been doing some research on Cleveland and Cincinnati. Have seen a lot of MFs for sale. Just a little curious.
Thanks,
Archie A.
Jim Sakalis Investor from Flint, Michigan
replied over 1 year agoArchie,
The short answer is; Job security and both their NFL teams suck. Sorry, I had to throw that in.
Jim Sakalis
Archie Antwi Investor from Houston, Texas
replied over 1 year agolol at least the Cleveland Indians are in the World Series and Lebron won a championship for Ohio.
Tom Ott Investor and Turnkey Provider from Cleveland, Ohio
replied over 1 year agoOriginally posted by @Archie Antwi :
Can someone tell me why is a lot of people are moving out of Ohio? I have been doing some research on Cleveland and Cincinnati. Have seen a lot of MFs for sale. Just a little curious.
Thanks,
Archie A.
It just depends on where you look in the state. There are many suburbs or areas of Cleveland that have been seeing a population increase!
Paul Vincent from Bay Village, Ohio
replied about 1 year agoThere are a lot of areas in Ohio where sellers are selling because the market is really hot. As for Cleveland proper (within the corporate limits) there is a good bit of inventory because most folks want to move to the suburbs.
Jonathan Kelly Real Estate Investor from Youngstown, Ohio
replied about 1 year ago@Archie Antwi Check Columbus. Lots of young people moving there right now.
Don Petrasek Investor from Westlake, Ohio
replied about 1 year agoStatistics can be indicators of market strength.....but I've seen a few people quote stats on BP that just don't align with what's actually happening in the Cleveland market. Not suggesting that the numbers aren't correct or factual, just that you have to look at a number of factors before investing.
Here's my current experience in the Cleveland and surrounding (west side) area:
April 2016: rented upper unit of two-family in Lakewood in 2 weeks to tenant who could easily purchase it if she chose to. 40+ inquiries
December-January: over 60 inquiries on 3/4 bedroom single family in Cleveland B-C neighborhood. About 1/2 immediately screened out as no-go's (e g history of evictions, not enough income) but the remainder were strong (typical for B/C area in Winter). ended up with an older couple, flawless history, 15+ years at last rental -only moving because it was sold
January- February: closed on a flip in Fairview Park at beginning of January. based on market activity in last 30 days, my list price is going to be at least 5% higher than I was thinking when I bought it. multiple homes going under contract in less than 10 days in the middle of winter in this city. some that don't look that great going under contract.
There are some areas in Cleveland that I'd for sure tell out of state investors to stay away from (and new local investors as well) but in general the market is strong here and there seems to be more activity than we've had in quite a while.
Tom Ott Investor and Turnkey Provider from Cleveland, Ohio
replied about 1 year agoOriginally posted by @Don Petrasek :
Statistics can be indicators of market strength.....but I've seen a few people quote stats on BP that just don't align with what's actually happening in the Cleveland market. Not suggesting that the numbers aren't correct or factual, just that you have to look at a number of factors before investing.
Here's my current experience in the Cleveland and surrounding (west side) area:
April 2016: rented upper unit of two-family in Lakewood in 2 weeks to tenant who could easily purchase it if she chose to. 40+ inquiries
December-January: over 60 inquiries on 3/4 bedroom single family in Cleveland B-C neighborhood. About 1/2 immediately screened out as no-go's (e g history of evictions, not enough income) but the remainder were strong (typical for B/C area in Winter). ended up with an older couple, flawless history, 15+ years at last rental -only moving because it was sold
January- February: closed on a flip in Fairview Park at beginning of January. based on market activity in last 30 days, my list price is going to be at least 5% higher than I was thinking when I bought it. multiple homes going under contract in less than 10 days in the middle of winter in this city. some that don't look that great going under contract.
There are some areas in Cleveland that I'd for sure tell out of state investors to stay away from (and new local investors as well) but in general the market is strong here and there seems to be more activity than we've had in quite a while.
I would have to agree. Certain areas, like Lake County and others in the heights area could have an amazing ROI. Although, there are other cities that do not work out, such as East Cleveland, etc.
Eric P. from New York City, New York
replied about 1 year ago@Don Petrasek is correct. A lot of people from out of area look at the macro-level Cleveland numbers and assume the worst. If you visit there (as I have), you'll realize that Cleveland as a whole is thriving not dying. Just be selective about which neighborhoods you invest in.
James Free from Fort Collins, Colorado
replied about 1 year agoCan anyone here suggest good sources for data on neighborhood vitality in Ohio?
Free eBook from BiggerPockets!

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Join the Largest Real Estate Investing Community
Basic membership is free, forever.