Oz Realty

Call us at (419) 740-6089

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OZ REALTY IS THE BEST

Superior property management services in Cleveland

About Cleveland

Cleveland is the 54th most populous city in the United States. The city has a population of 1,771,000 residents in the metropolitan area and is experiencing growth yearly. The city witnesses an influx of immigrants annually from all around the world. Some of which are students, young professionals, and entrepreneurs. This diversity has helped the city create a more robust economy and increased the demand for housing.

Cleveland is one of the most affordable cities in the United States for both homeowners and renters. Reports have shown that it’s cheaper to own a home in Cleveland than rent, however, over 50% of residents opt to do the latter. Aside from the city’s low cost of living, Cleveland has a wide variety of attractions. The city is home to many restaurants, gardens, museums, beaches, and scenic parks. There’s something for everyone to do in Cleveland.

Population Growth

1,771,000

1,771,000 people reside in the Cleveland metropolitan area as of 2024

0.4%

The population experienced a 0.4% increase compared to 2023

54th

Cleveland is the 54th most populated city in the United States

2nd

Cleveland’s population of 372,101 makes it the second largest city in Ohio

Job Market

Cleveland has become a magnet for entrepreneurs due to its diversified business sectors. Some of the industries that attract many job seekers in Cleveland include healthcare, education, construction, banking, and computer systems design. Despite experiencing weaker job growth than some other cities, the outlook is positive for the healthcare sector. Experts predict Cleveland’s hospital industry will grow by 0.6% per year from 2024 to 2027.

UNEMPLOYMENT RATE

6.8%

POPULAR JOB GROUPS

Construction, transportation, and hospitality

JOB GROWTH

Over 30,000 jobs are currently available in Cleveland

Real Estate Market

Cleveland is one of the most low-cost housing markets in the nation. Investors can find houses for approximately $110,000 that can be rented for about $1150 monthly. In 2022, the city ranked as the 5th most resilient housing market. This title demonstrates the city’s growth potential for the upcoming years.

Looking forward, Zillow predicts that Cleveland will be the second-hottest market in 2024. Cities that are ranked as having the hottest market prediction are those with robust market demand, stable home values, and an increasing number of job opportunities.

33 days

As of December 2023, Cleveland homes spent 33 days on the market compared to 38 in 2022

367 homes

367 Cleveland properties were sold as of November 2023, an increase from 355 in 2022 

$110K

Median listing price of a Cleveland home

Cleveland's Appeal for Investors and Renters

Cleveland is considered one of the most budget-friendly cities for renters in the nation. This makes it an ideal destination for those looking for profitable real estate investment opportunities. In Cleveland, owning a house is more cost-efficient than renting. However, 58% of residents still choose to rent. This means there’s a high demand for housing which provides investors with the potential to earn a consistent cash flow. Plus, there are a significant number of foreclosed properties available for sale in Cleveland. This is another golden opportunity for investors to gain profitable returns on their real estate.

32%

Cleveland’s metropolitan properties are 32% lower than similar properties in the nation

8.56%

On average, Cleveland homes appreciate by 8.56% annually

58%

of Cleveland households are renter-occupied

Learn More About Oz Realty

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Trust Us for Outstanding Property Management Services in Toledo

Oz Realty has earned a reputation as the leading full-service property management company in Toledo. Right from the start, our team has always been the best at working with out-of-state investors. Nowadays, our team has over a decade of property management experience along with a successful track record that consists of thousands of investors.

The majority of our clients trust us to manage their properties without ever even visiting Toledo. This speaks volumes to the strong relationships we’ve established and fostered over time.

2014

Founded in

400+

# Of Properties Managed

5%

Avg. Vacancy Rate

4 Weeks

Avg. Time to Find a Tenant

10+

# of Employees

4.4

Google Rating

Reviews

We have 2 rental properties in Toledo and Oz Realty has been an excellent partner to manage and maintain them. Communication is good and while no one likes paying for maintenance, I feel their service costs are excellent. Looking forward to adding another rental in Toledo and having Oz Realty manage it.

Richard Palmer

I am a first time out of state investor and chose Oz Realty due to their professionalism and promptness. I researched tenant and landlord reviews and decided to go with them due to their proven track record of performance. They held my hand through the purchasing process and my property was rented after rehab. They are truly a hands off Turnkey provider.

W J

Oz has been a great company to rent through and work with. They have been very understanding and accommodating of my needs. After moving to Toledo and having a less than preferable experience, with a rental company I will not mention, Oz has been a great partner to rent through. I highly recommend.

Gregory Shaw

Oz Property Management is TOP NOTCH, VERY responsive and they keep you up to date with everything going on with your property. They work hard trying to ensure you get quality tenants and take care of problems quickly and efficiently.

Daniel

I can’t recommend them highly enough. I’ve had really good experiences with them and feel that they are really on the ball. They are always eager to help you out if you have any questions and I feel like they are really honest people dealing in an ethical manner. I really feel like I have a personal relationship with the people I talk to. Awesome experience!

Mark Wheeler

Extremely trustworthy company backed by solid ethics and morals. So happy to have worked with Oz Realty and their outstanding team!

John Mesa