8 Homes Millennials Can Actually Afford in Cleveland's Hip Neighborhoods

By Scene Staff on Thu, Jul 2, 2015 at 10:21 am

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.

Photos and information courtesy of Realtor.com.

By: Tyler Singleton

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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.

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.