Best way is to search the neighborhood you are in (on AirBnB, VRBO, etc) and see if there are any other STR hosts. Take a look at what they offer and for what price. After that, just experiment a little. It doesn't hurt to advertise a few weeks and see the type of response you get.
I did check it out there really aren't many in the area where my house is at that is comparable to mine. I will more than likely test it out and go from there.
@Ivy Flowers I like your idea of testing it out. Even if its not for vacationers, with the proximity to those places itll be great for convention goers, business people, etc. Good luck!
Any other large industries there, besides the hospital? There is a refinery in my town. That facility uses more electricity per day than the rest of this town of 9500. There is a steady stream of travelling contractors coming in and out of the refinery for short term jobs. 3 weeks to 3 months is the norm. They can stay in a motel room, or they can pay less money and stay in one of my furnished houses.
I would strongly suggest looking at short term housing for engineers etc that work in the rubber industry. You are less than an hour from Akron where there are lots of rubber companies.
Both Goodyear and Bridgestone are investing in the greater Akron area.
Im a local contractor in Cleveland. Ive got many clients (One im working for now) have these types of rentals all over the city. I would suggest staying out of the lower income/high crime areas.
East Cleveland
Slavic Village
South Euclid
Other specific areas of Cleveland
Many of my clients have Air B n B's in Seven Hills, Parma, Cuyahoga Hts, West side of Cleveland
As @Michael Baum suggested, look at short term housing for people in the rubber industry. You can also use the benefits of synergy by providing short term housing for people in the adult film industry. The two things work together, the rubber industry and the adult film industry.
I know this former bartender/musician/dj/author/marathon runner that rented out his STRs to people in the adult film industry. They let him run the lights during filming.
Im a local contractor in Cleveland. Ive got many clients (One im working for now) have these types of rentals all over the city. I would suggest staying out of the lower income/high crime areas.
East Cleveland
Slavic Village
South Euclid
Other specific areas of Cleveland
Many of my clients have Air B n B's in Seven Hills, Parma, Cuyahoga Hts, West side of Cleveland
South Euclid is an odd place to exclude and call "lower income/high crime". Especially the southern part of the city, which borders on Beachwood and University Heights. I think South Euclid, between Mayfield and Cedar, actually could be a great place for airbnb, with the nice suburban feel, and proximity to John Carroll University, Beachwood, tons of healthcare spots, etc.
Additionally, Lakewood, Cleveland Heights, Shaker Heights, and Beachwood could be solid spots for short term rentals. Basically any location that has a nice vibe and is close to higher ed/healthcare/business/culture.