Cleveland ranked #15 in the nation for home and rent affordability, Toledo #1

Cleveland ranked No. 15 in affordability while Toledo came in first place

CLEVELAND, Ohio -- A recent study found Cleveland to be among the top 20 most affordable U.S. metros to buy or rent a home.

The study ranked Cleveland as the 11th most affordable place to buy with the typical home value being $233,535 and an average monthly mortgage payment, including tax and insurance on a 30-year-mortgage with 20% down, of $1,575. Clever Real Estate noted that Cleveland also has the 5th lowest homeowners insurance rates in the country at $1,025.

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