Great news, Clevelanders! Millennials can actually afford a house in some of the hippest neighborhoods in Cleveland according to a study by Bloomberg Business. For the uninitiated, “millennials” are characterized as individuals between the ages of 18-34 who get blamed for everything wrong with our country.
Millennials are also getting priced out of many desirable property markets in the United States such as San Jose, San Francisco, Los Angeles, New York City, Boston and Washington D.C. due to rising residential real estate prices combined with stagnant wage growth. Bloomberg used data from the U.S. Census Bureau, Bankrate.com and Zillow.com to find affordable cities for Millennials and three of these are actually in Ohio: Cleveland, Cincinnati, and Columbus.
Here are eight homes ready for purchase that fall within the some of Cleveland’s hippest neighborhoods and hover around the median home value in Cleveland, $122,625. Go forth, Millennials, and take advantage of actually reasonably priced real estate in Cleveland while you laugh at all of the east and west coast suckers.
16617 Hillard Rd., Lakewood. 3 bedrooms, 1+ bathrooms and is listed at $132,000.This colonial features all natural woodwork, hardwood floors and a wonderful location in Lakewood. The house is only a 15-minute walk from popular Lakewood establishments such as Melt Bar & Grilled, 16-Bit Bar + Arcade and Jammy Buggars Restaurant and Pub. If the nightlife options do not excite you, this home is still only a short walk or bike ride from the Lakewood Public Library, Edwards Park and Kauffman Park.16617 Hillard Rd., Lakewood. 3 bedrooms, 1+ bathrooms and is listed at $132,000.16617 Hillard Rd., Lakewood. 3 bedrooms, 1+ bathrooms and is listed at $132,000.16617 Hillard Rd., Lakewood. 3 bedrooms, 1+ bathrooms and is listed at $132,000.16617 Hillard Rd., Lakewood. 3 bedrooms, 1+ bathrooms and is listed at $132,000.3060 Yorkshire Rd., Cleveland Heights. 3 bedrooms, 1+ bathroom and is listed $129,900. Conveniently located a mile from the heart of Coventry Village in Cleveland Heights, this home offers updated amenities, quite a bit of natural light and an upstairs balcony. A 10-minute walk and you’ll be catching the newest indie flick at the Cedar Lee or your favorite band at the Grog Shop. Coventry Village, with its Bohemian roots, still offers an unique atmosphere hard to find in the other neighborhoods around Greater Cleveland.3060 Yorkshire Rd., Cleveland Heights. 3 bedrooms, 1+ bathroom and is listed $129,900.3060 Yorkshire Rd., Cleveland Heights. 3 bedrooms, 1+ bathroom and is listed $129,900.3060 Yorkshire Rd., Cleveland Heights. 3 bedrooms, 1+ bathroom and is listed $129,900.3060 Yorkshire Rd., Cleveland Heights. 3 bedrooms, 1+ bathroom and is listed $129,900.2328 Traymore Rd., University Heights. 3 bedrooms, 2+ bathrooms and is listed at $137,500. This brick colonial in University Heights is move in ready with a fireplace, finished basement and brand new privacy fence in the backyard. Located very close to John Carroll University, this home is only a 10 to 15-minute drive from University Circle and all of its cultural, educational and medical entities. Some of these include the Cleveland Museum of Art, the Cleveland Museum of Natural History, the Cleveland Botanical Gardens, Severance Hall and the Cleveland Institute of Art.2328 Traymore Rd., University Heights. 3 bedrooms, 2+ bathrooms and is listed at $137,500.2328 Traymore Rd., University Heights. 3 bedrooms, 2+ bathrooms and is listed at $137,500.2328 Traymore Rd., University Heights. 3 bedrooms, 2+ bathrooms and is listed at $137,500.2328 Traymore Rd., University Heights. 3 bedrooms, 2+ bathrooms and is listed at $137,500.2195 W 41st St., Ohio City. 2 bedrooms, 2+ bathrooms and is listed at $172,000. Minutes away from Greenwood Park, Platform Brewery and the West Side Market, this modern home provides wonderful location without paying over $200,000 for property north of Lorain Avenue. This home features vaulted ceilings, plenty of natural light and space to entertain on evenings at home. The side patio is perfect for soaking up the sun when you aren’t frolicking down West 25th.2195 W 41st St., Ohio City. 2 bedrooms, 2+ bathrooms and is listed at $172,000.2195 W 41st St., Ohio City. 2 bedrooms, 2+ bathrooms and is listed at $172,000.2195 W 41st St., Ohio City. 2 bedrooms, 2+ bathrooms and is listed at $172,000.2195 W 41st St., Ohio City. 2 bedrooms, 2+ bathrooms and is listed at $172,000.1799 W 52nd St., near Gordon Square Arts District. 2 bedrooms, 2 bathrooms and is listed at $129,900.This home falls near the historic Gordon Square Arts District along Detroit Avenue. The buyer will find three unique pieces of the Gordon Square Arts District within a 10-minute walk — the Capitol Theatre, the Cleveland Public Theatre and the Near West Theatre. In addition, Gordon Square offers unique shopping experiences with an eclectic selection of bars and restaurants featuring Happy Dog, Parkview Nite Club and Spice Kitchen + Bar.1799 W 52nd St., near Gordon Square Arts District. 2 bedrooms, 2 bathrooms and is listed at $129,900.1799 W 52nd St., near Gordon Square Arts District. 2 bedrooms, 2 bathrooms and is listed at $129,900.1799 W 52nd St., near Gordon Square Arts District. 2 bedrooms, 2 bathrooms and is listed at $129,900.3349 E Scarborough Rd., Cleveland Heights. 3 bedrooms, 1+ bathrooms and is listed at $125,900. Conveniently located a 2 miles from the heart of Coventry Village in Cleveland Heights, this home offers beautiful hardwood floors, a large backyard and a front porch built for relaxation. A 10-minute drive and you’ll be catching the newest indie flick at the Cedar Lee or your favorite band at the Grog Shop. Coventry Village, with its Bohemian roots, still offers an unique atmosphere hard to find in the other neighborhoods around Greater Cleveland.3349 E Scarborough Rd., Cleveland Heights. 3 bedrooms, 1+ bathrooms and is listed at $125,900.3349 E Scarborough Rd., Cleveland Heights. 3 bedrooms, 1+ bathrooms and is listed at $125,900.3349 E Scarborough Rd., Cleveland Heights. 3 bedrooms, 1+ bathrooms and is listed at $125,900.3349 E Scarborough Rd., Cleveland Heights. 3 bedrooms, 1+ bathrooms and is listed at $125,900.1027 Kenilworth Ave., Tremont. 3 bedrooms, 1 bathroom and is currently listed at $149,000.This townhome is in the core of Tremont and a short five-minute walk to some of the best of Tremont. A short walk west and you will be standing in Lincoln Park. If you decide to head north you will find Parallax and The South Side, both unique dining experiences. If food makes your heart sing just head northeast and you can choose from restaurants from two of Cleveland’s most revered chefs—Dante by Dante Boccuzzi and Lolita by Michael Symon. After dinner, head down Professor Avenue to The Treehouse for a Guinness and some live music before heading back to your new home.1027 Kenilworth Ave., Tremont. 3 bedrooms, 1 bathroom and is currently listed at $149,000.1027 Kenilworth Ave., Tremont. 3 bedrooms, 1 bathroom and is currently listed at $149,000.1027 Kenilworth Ave., Tremont. 3 bedrooms, 1 bathroom and is currently listed at $149,000.2551 Struhar Dr., Rocky River. 3 bedrooms, 2 bathrooms and is listed at $149,900.This ranch provides the quiet of the suburbs of Rocky River suited for someone who wants to remain close the city but may not need the nightlife of other Cleveland neighborhoods. Nightlife aside, this home is still close to some of Rocky River’s most respected restaurants such as Tartine Bistro, Joe’s Deli & Restaurant and Ferris Steak House & Tavern. Morley Park is just down the street from this home for those looking for some fresh air and greenery in life.2551 Struhar Dr., Rocky River. 3 bedrooms, 2 bathrooms and is listed at $149,900.2551 Struhar Dr., Rocky River. 3 bedrooms, 2 bathrooms and is listed at $149,900.2551 Struhar Dr., Rocky River. 3 bedrooms, 2 bathrooms and is listed at $149,900.2551 Struhar Dr., Rocky River. 3 bedrooms, 2 bathrooms and is listed at $149,900.2551 Struhar Dr., Rocky River. 3 bedrooms, 2 bathrooms and is listed at $149,900.
