Is Cleveland, OH a Good STR Investment in 2026?
1,023 active listings
Top Market
Median Price
$141,000
STR Revenue/mo
$2,172
Cap Rate
8.4%
1Y Appreciation
-1.9%
Avg Nightly Rate
$143
Market Score
96.5/100
Market Overview
Cleveland, OH presents a strong opportunity for real estate investors in 2026, with a market score of 96.5 out of 100. The median home price sits at $141,000 with average short-term rental revenue of $2,172 per month, yielding a 8.4% cap rate.
Short-Term Rental Performance
Short-term rental hosts in Cleveland average $2,172 in monthly revenue with a 60.1% occupancy rate. This translates to approximately $26,064 in annual gross revenue for a typical listing. The average nightly rate is $143.
Investment Analysis
Assuming a 20% down payment at 7% interest on a $141,000 property, your monthly mortgage would be approximately $750. After accounting for mortgage, taxes, and insurance, the estimated monthly cash flow for an STR is $238.
The long-term rental market shows potential with median rents at $1,250 per month. Home values have declined 1.9% year-over-year, so investors should factor in potential equity loss when evaluating returns.
Our Verdict
Cleveland ranks among the top investment markets with a score of 96.5/100. Strong cap rates make it attractive for cash-flow-focused investors. However, declining home values (-1.9%) mean investors should focus on cash flow rather than equity growth.