ABOUT West Bank of The Flats
The West Bank of The Flats is a residential neighborhood in Cleveland that is located on the western side of the Cuyahoga River.
Home to nearly 5,000 people, the neighborhood lets residents enjoy the urban and industrial landscapes while also giving them the comforts of scenic lake views and green spaces.
West Bank of The Flats has a good mix of affordable, traditional homes and new-construction luxury townhomes and apartments. The neighborhood is known for being home to some of the nation’s oldest public housing estates.
The neighborhood continues to be a booming entertainment district as it features comedy clubs, bars, and music venues.
West Bank of the Flats is famous for the Greater Cleveland Aquarium, where residents and guests get to learn more about nearly 5,000 species of fresh and saltwater creatures.
The neighborhood is also well-known for its kayakers, boaters, and luxury cruise ships. It is also conveniently located near shopping, dining, and concert venues.
West Bank of the Flats is a growing neighborhood that attracts young professionals because it features diverse clubs, restaurants, bars, and other entertainment venues.
The majority of residents in the area are renters who prefer luxury apartments and condos. The median age of residents in the neighborhood is 32 years old.
About 24% of adults in the area have a college degree or associate’s degree, while about 8% have a bachelor’s degree. 6% of adults in the neighborhood have a graduate degree.
About 75% of residents in the area work in white-collar jobs. Many of the residents work in construction companies and entertainment complexes.
TOP West Bank of The Flats HIGHLIGHTS
Being positioned near both Lake Erie and the Cuyahoga River means the West Bank of The Flats has a considerable risk of experiencing heavy precipitation levels and flash flooding. In this area of Ohio, water damage costs a sizable sum annually.
As is usual with Cleveland neighborhoods, serious weather events related to strong winds and thunderstorms regularly occur. Out of almost 4,100 recorded weather extremes between 1950-2010, the majority were high wind-related events.
The local tornado index shows that Cleveland is at a sizable risk for experiencing tornadoes. For reference, 42 tornados with a magnitude of 2 or over were recorded near this Cleveland neighborhood between 1951-2002, specifically.
The average one-way commute time in the neighborhood is about 24 minutes. This is a little shorter than the US average commute time of 26 minutes.
West Bank of the Flats is located near major roads that include the Memorial Shoreway, Detroit Avenue, W 25th Street, and the West Lakeside Avenue.
Driving from the neighborhood to Downtown Cleveland takes about 11 minutes. Bus rides for the same route take about 32 to 40 minutes.
The Cleveland Hopkins International Airport is about a 22-minute drive from the West Bank of the Flats.
West Bank of The Flats has an especially high reported crime index relative to the national average. Over 96% of residential areas across the country have lower crime rates.
The estimated total crime rate for this area is 5,113 per 100K residents, which breaks down into 1,265 violent crimes and 3,849 property crimes. Violent and property crimes here are less prevalent than other areas of Cleveland.
For reference, the hate crime index of Cleveland is 21.78, which is under the U.S. index of 23.78 and Ohio’s reported index of 32. The crimes per square mile rate is about 290, whereas Ohio’s rate is 28.
SCHOOLS IN West Bank of The Flats
West Bank of The Flats is not home to any public or private school, but homes in the neighborhood are under the jurisdiction of the Cleveland Metropolitan School District.
The district is the second largest in Ohio. It manages 102 schools serving nearly 39,000 students in pre-kindergarten through 12th grade.
The CMSD is well-known for its rigorous academic curriculum that considers students’ individual learning styles and programs that prepare learners to compete in the 21st century.
The district gives importance to initiatives that empower principals and teachers so that they can build learning environments that encourage students to pursue academic and athletic excellence.
The CMSD is ethnically-diverse, with African American students accounting for about 64% of the total student population. This is followed by Latino students accounting for 16.3% and White students accounting for about 15.4%.
Schools in the district offer advanced placement programs, dual language programs, and gifted and talented programs.
In 2019, the CMSD had a graduation rate of 78%.
West Bank of The Flats Housing 2020
The real estate market in the West Bank of the Flats is expected to enjoy a boom because of the planned construction of new residential choices like townhouses, condominiums, and apartments.
The average rent price for studio apartments is $1,138 per month. One-bedroom apartments for rent can cost anywhere between $500 to about $2,650 per month. The median rent price for two-bedroom apartments is $2,036 per month. Three-bedroom apartments for rent, meanwhile, can cost anywhere between $1,340 to $4,769.
The average rent prices in The Flats is higher compared to Cleveland standards, which is estimated at $1,123 per month. In Cleveland, the average rent prices between 2017 and 2019 grew by 8.8%, from $989 to $1076.
The median sales price of properties in The Flats is at $250,000. This is 64% higher than the median sales price of properties in the whole of Cleveland, which is estimated at $90,000.
As a whole, appreciation rates in Cleveland, including The Flats, fell under national averages between December 2009 and December 2019.
West Bank of The Flats Homes for Sale
West Bank of The Flats is an urban waterfront destination that enjoys a good mix of residential, industrial, and entertainment areas.
About 72% of the residential dwellings in the area are rentals, while only about 3% account for owner-occupied properties. Housing development in the neighborhood is characterized by the construction of new residential options that include condominiums, townhomes, and apartments.
These luxury properties typically feature one to two bedrooms, stainless steel appliances, walk-in closets, gourmet kitchens, high-speed internet access and indoor parking. The apartments also have convenient access to state-of-the-art fitness centers, spacious pools, clubhouses, courtyards, pet-friendly spaces, and entertainment venues.
Single-family home options are very limited in the West Bank of The Flats. There are a number of high-rise buildings and condominiums in and around the area that are strategically located near dance and comedy clubs, party venues, breweries, and pubs.