A closer look
Cuyahoga & Summit counties
The facts
Cleveland & Akron, in brief
Counties
Cuyahoga (Cleveland) · Summit (Akron)
Housing authorities
CMHA — Cuyahoga Metropolitan Housing AuthorityAMHA — Akron Metropolitan Housing Authority
Landlord line
CMHA 216-431-1471
Vouchers
Housing Choice Vouchers, payment standards tiered by location rather than one countywide number.
Inspection
Before the first payment, and annually after.
Turnkey 3-bed
$95k–$140k
Typical purchase price for a three-bed house that suits a voucher tenancy
Rent, 3-bed
$1,350–$1,625
What those houses rent for once approved
What works, what to watch
The deepest voucher stock of these four markets, and demand that consistently outruns supply.
A real spread between the retail price and the price investors pay, if you are on the right side of it.
Rent-to-price ratios that still clear today's debt costs.
Two metros under one desk, and enough days on market to underwrite properly.
Older, largely pre-1978 stock, inspected before the first payment and again every year.
Cuyahoga carries some of the highest effective property tax rates in the country, and a purchase can trigger a reassessment upward.
The payment standard is a ceiling, not the rent. Proposed rents are tested against comparable unassisted units.
It changes street by street, and Ohio has no statewide source of income law — the rule is municipal.
Figures are drawn from third party sources over a trailing twelve months and are general information, not an appraisal or a valuation. Payment standards and inspection practice change — confirm with CMHA or AMHA for a specific address.
Send the address and we will come back with the numbers before you talk to anyone. Or we will introduce you to the realtor we work with here.