It won't be wrong to say Cleveland has no shortage of upscale neighborhoods. While it may not always be associated with sky-high real estate prices, it's not all affordable living in this city. Buckle up as we take a closer look at the top five most expensive areas in Cleveland, where the real estate market is anything but modest.

But before moving to Best Places To Buy A Rental Property In The US, let's talk about why Cleveland, Ohio, should be your choice.

❖ Population: Cleveland is the second-largest city in Ohio, with a population of around 380,000 people.

❖ Economy: Historically an industrial city, Cleveland has diversified its economy in recent years. Key sectors include healthcare, manufacturing, finance, and technology. The Cleveland Clinic, a world-renowned medical center, significantly contributes to the city's healthcare sector.

❖ Cost of Living: Cleveland generally has a lower cost of living compared to the national average, making it an attractive place for residents seeking affordable housing and daily expenses.

❖ Sports: Cleveland is passionate about its sports teams. The Cleveland Browns (NFL), Cleveland Cavaliers (NBA), and Cleveland Indians (MLB) are major attractions, creating a vibrant sports culture in the city.

❖ Cultural Institutions: The city is home to several cultural institutions, including the Cleveland Museum of Art, the Rock and Roll Hall of Fame, and the Cleveland Orchestra, enriching the cultural landscape.

Expensive Areas in Cleveland

1. Shaker Heights

Nestled east of Cleveland, Shaker Heights boasts an average home sales price that makes it a standout in the city's real estate landscape. With its historic charm, tree-lined streets, and upscale amenities, the average sales price in Shaker Heights hovers around $300,000, making it a sought-after location for those with a taste for refined living.

➔ Average Sales Price: Approximately $300,000

➔ Historic charm and tree-lined streets

➔ Upscale amenities make it a sought-after location for those with refined tastes.

2. Beachwood

Known for its thriving business district and excellent school system, Beachwood is a magnet for those seeking a luxurious lifestyle. The average sales price here is approximately $350,000, reflecting the allure of this community for families and professionals alike. Upscale shopping, fine dining, and a robust sense of community contribute to Beachwood's reputation as one of Cleveland's more affluent areas.

➔ Average Sales Price: Around $350,000

➔ The thriving business district and excellent school system

➔ Upscale shopping, fine dining, and a robust sense of community

3. Chagrin Falls

Tucked away in a scenic setting along the Chagrin River, Chagrin Falls offers a picturesque backdrop with a price tag to match. The average sales price in this quaint town is around $400,000, drawing in residents who appreciate its historic charm and proximity to nature. Chagrin Falls is not just a location; it's an experience for those willing to invest in a unique blend of elegance and tranquility.

➔ Average Sales Price: Approximately $400,000

➔ Quaint town with a scenic setting along the Chagrin River

➔ Appeals to those who appreciate historic charm and proximity to nature

4. Hunting Valley

Known for its expansive estates and spacious properties, Hunting Valley takes the notion of upscale living to another level. The average sales price in this exclusive area exceeds $800,000, attracting affluent individuals who seek privacy and a touch of rural charm within close proximity to the city. If you're in the market for a residence with acreage and prestige, Hunting Valley might just be the perfect fit.

➔ Average Sales Price: Exceeds $800,000

➔ Expansive estates and spacious properties

➔ Exclusive area with a touch of rural charm and privacy

5. Moreland Hills

Rounding out our list is Moreland Hills, a community that marries rural beauty with suburban convenience. The average sales price here is around $500,000, making it an attractive option for those who desire a balance between sophistication and a laid-back lifestyle. With its spacious properties and a strong sense of community, Moreland Hills stands as one of Cleveland's more coveted residential areas.

➔ Average Sales Price: Around $500,000

➔ Marries rural beauty with suburban convenience

➔ Spacious properties and a strong sense of community

Ready to Invest in Cleveland's Lucrative Real Estate? Seize the Opportunity Today With Cleveland Income Real Estate!

Now that you know the top 5 expensive areas in Cleveland, it is time to get one for yourself.

If you're looking to capitalize on Cleveland's dynamic real estate market and secure an income-generating property, now is the time to act. Explore the potential of these top-tier neighborhoods and turn your investment dreams into reality. Contact us today to discuss exclusive income real estate opportunities in Cleveland.

Don't miss out; call us today to get started. Call me (Brett) 216-703-5740 Fathom Realty