Hold Period — Cleveland, OH
Average flip hold-period in Cleveland, OH, broken out by property type.
Fastest-flip states (shortest avg hold)
Longest-hold states
Property type breakdown — Cleveland
Average hold period by property type (sample ≥ 3)
Sorted shortest to longest| # | Property type | Avg hold (yrs) | Avg hold (mo) | Avg gain % | Sample |
|---|---|---|---|---|---|
| 1 | single_family | 0.86 | 10.4 | +136.6% | 384 |
| 2 | condo | 0.86 | 10.4 | +68.3% | 9 |
| 3 | multi_family | 0.94 | 11.4 | +129.0% | 171 |
| 4 | Unknown | 0.97 | 11.9 | +138.7% | 1,388 |
| 5 | other | 1.26 | 15.3 | +79.4% | 7 |
| 6 | condos | 1.43 | 17.4 | +29.4% | 5 |
| 7 | land | 1.53 | 18.6 | +168.2% | 4 |
What hold period tells investors
Short average holds (under 2 years) indicate a liquid market — properties trade often, exit timing is flexible, and capital recycles quickly. Long holds (5+ years) suggest fewer buyers, slower exits, and higher carry-cost risk.
Markets where typical investors hold 3–9 months are dominated by fix-and-flip operators. Markets averaging 5–10 years are dominated by buy-and-hold landlords. Choose the strategy that matches the market — don't fight it.
This metric reflects only properties that resold. True buy-and-hold landlords who never sold during the data window are invisible here. Treat the numbers as a relative ranking across states, not an absolute hold-period truth. Source: public record. Data through July 2024.