Marketplace®

Daily business news and economic stories

Why renting is up and homeownership is down in "affordable" Cleveland

The rise of renting in Cleveland offers a glimpse into the region's economy.

A view of downtown Cleveland, Ohio.
A view of downtown Cleveland, Ohio.
Jeff Swensen/Getty Images

In the years after the housing bubble burst, rentals became more common in almost every major U.S. city, according to a recent study by Marketplace and APM Research Labs. That increase includes cities like St. Louis; Charlotte, North Carolina; and Saint Paul, Minnesota, that have long been thought of as affordable places to buy a home. We look at what drove the rise of renting in one such city — Cleveland — and what decline in homeownership says about its economy.

Related Topics

Latest Episodes

View All Shows
  • Marketplace Morning Report
    an hour ago
    7:04
  • Marketplace Tech
    3 hours ago
    11:03
  • Marketplace
    14 hours ago
    25:19
  • Make Me Smart
    20 hours ago
    19:00
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45