In Cleveland It's Cheaper to Buy Than Rent
Buying is more affordable than renting in Detroit, Philadelphia, Cleveland and Houston!
Buying the typical home would cost only an estimated 10% more than renting it, and renting it would be MORE than the mortgage on it!
To give an idea, typically the homes across the U.S.A. cost more to buy than to rent.
Meanwhile in Cleveland, Ohio, house sale values are 4% lower to buy than to rent.
The average, median monthly mortgage in Cleveland is $1,730, while the average median rent cost is $1,800. A similar amount, yet one offers a return on investment and equity in your pocket!
Like this information? Check out future article, "Buy Vs. Rent"
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IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.
