Cleveland-Elyria Real Estate Market

Market Overview

Rust Belt revival with 2+ million residents. Healthcare systems, universities, and manufacturing diversification create stable employment base with affordable housing.

Key Neighborhoods

Shaker Heights ($200-500K), Westlake ($250-450K), Lakewood ($150-350K), University Heights ($150-400K), Rocky River ($200-600K).

Market Trends

Downtown revitalization, healthcare sector growth, young professional retention efforts. Significant affordability advantage over other major metros.

Investment Outlook

Value opportunities from $50K fixer-uppers to $1M+ estates. Strong cash flow potential. Historic renovation projects offer appreciation upside.

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