Performance indicators for the Westlake short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Westlake.
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Generally Investor friendly
Short‑term rentals are clearly allowed citywide with no city permits, caps, or inspections; the main burden is moderate tax compliance—register with the county, collect 6.5% bed tax and 5.75% sales tax, and file monthly—plus general housing/noise/zoning rules. Without caps or onerous city rules, the environment is friendly, but the required tax filings and potential HOA limits keep it from being very friendly.
Local STR Agent
STR specialist · Westlake, OH
Westlake is a city in Cuyahoga County, Ohio, United States. It is a suburb of Cleveland located 12 miles (19 km) west of downtown Cleveland. The population was 34,228 at the 2020 census.