Bentleyville is Cuyahoga County's wealthiest suburb
Bentleyville, a tiny village of 800 in southeastern Cuyahoga County, is Northeast Ohio's wealthiest suburb, according to an analysis of U.S. Census data by Crain's Cleveland Business.
Driving the news: Rounding out the top five in the annual Crain's list are tony enclaves along I-271: Gates Mills, Pepper Pike, Moreland Hills and Hunting Valley.
Cleveland millennials opt for renting over buying
More Cleveland millennials are buying homes, but ownership still lags behind the generation's number of renters.
Driving the news: More than half (52%) of millennials nationwide (people born from 1981 to 1996) owned a home in 2022, marking the first time millennial homeowners have outnumbered millennial renters, according to a new RentCafe report.
"Standby" living comes to Northeast Ohio
Have you ever wanted to live in a fully furnished apartment in one of Cleveland's premier nightlife neighborhoods with no lease, no security deposit and all utilities included?
Details: "Standby" living is a new residential offering from Landing, a subscription-based nationwide rental network of furnished apartments whose tagline is "Live without leases."
Euclid Beach residents face "mass displacement"
Residents of Euclid Beach Mobile Home Park say that ever since Western Reserve Land Conservancy (WRLC) bought the 28-acre Collinwood property in 2021, their concerns have been marginalized or ignored.
- Now, they're facing "mass displacement."
Cleveland rents are still high, for now
In the fourth quarter of 2022, the average asking rent in the Cleveland metro area was $1,214, up 12.1% from a year earlier, per economic research firm Moody's Analytics.
Why it matters: Affordability concerns are starting to weigh down the booming rental market.
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