How does Central compare with Cleveland overall?

Central, Cleveland, Ohio is priced 36% below the city median and 61% below the state median. It also has a gross yield of 12.0, prices up 50.0% over the past year, walkability of 89, and an education percentile of 2.

What does the price trend look like in Central?

Central, Cleveland, Ohio has prices up 50.0% over the past year, which is a strong recent move in the provided data. The neighborhood remains 36% below the city median and 61% below the state median, with a gross yield of 12.0 and a Red Flag score of 48.

What should buyers know about risk in Central?

Central, Cleveland, Ohio has a Red Flag score of 48, which is a moderate risk reading. The neighborhood also shows a gross yield of 12.0, walkability of 89, and prices that are 36% below the city median and 61% below the state median.

Neighborhood

Central

Cleveland, Ohio US

Central, Cleveland, Ohio has a high-yield, high-momentum investment profile, with price 36% below the city median and 61% below the state median, a gross yield of 12.0, and prices up 50.0% over the past year. Walkability is 89, while the education percentile is 2. The Red Flag score is 48, indicating a moderate risk reading in the available data.

AI Summary•Updated May 2026

Area

2.30 mi²

ZIP Code

44104

County

Cuyahoga County

State

Ohio

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$104,469

YoY+50.0%

Gross Rental Yield

12.0%

Listed rent · ZORI annualized

Red Flag Index

Moderate

48 / 100

Walkability Score

Very Walkable

OpenStreetMap POI density · national percentile

Education Score

2 / 100

Limited · better than 2% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Good

DistrictScore attractiveness · national model

Central Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Central, Cleveland.

Unlock the Central 12-month price trend

See the full Verified vs Listed price history — free with a DistrictScore account.

Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$104,469	+50.0%
Price / Sq Ft (Verified)	$66/sqft	+24.9%
Asking Rent (Median)	$1,045/mo	—
Gross Rental Yield	12.0%	—
Liquidity Score	21 / 100	Low
Homes Sold (Period)	41	+36.7%

Is Central Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Ohio crime context.

Red Flag Breakdown

48 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Flood60High

Earthquake60High

Tornado60High

Wildfire40Moderate

Hurricane40Moderate

Heat40Moderate

Strong Wind40Moderate

Hail20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Ohio averaged 18.4 crimes and 2.9 violent per 1,000 residents (-9.5% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

Unlock the full risk report for Central

Tract-level hazard heatmap & parcel detail with Pro

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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Above-average gross rental yield at 12.0%

Appreciating market — +50.0% sale-price YoY

Highly walkable neighborhood — score 89/100

Active transaction volume — 41 homes sold last period

Insights are generated from Central's live DistrictScore metrics.

Central Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Ohio-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.3 µg/m³ Meets EPA, above WHO guideline-25.5% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Central centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 60% of U.S. neighborhoods.

Ohio Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	18.4	2.9	-9.5%
2023	20.5	3.0	-2.1%
2022	21.1	3.0	+3.2%
2021	20.4	3.2	-5.1%
2020	21.6	3.1	-8.3%
2019	23.5	3.0	—

Reported at the state level — the finest official US crime aggregation; Central inherits the Ohio figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Central

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Superfund (NPL)4.0 kmModerate

Industrial odor7 nearbyVery High

Point-source screening near Central: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Central

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

89

Very Walkable

Walkability Score

11

Grocery

25

Dining

13

Schools

6

Universities

1

Hospitals

1

Pharmacies

5

Parks

7

Rail Transit

1

Coworking

POI counts are amenities within Central's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Central vs Cleveland vs Ohio

How Central benchmarks against its city and state medians.

Benchmark vs City & State

In Central, the median sale price sits about 36% below the median for Cleveland neighborhoods and about 61% below the statewide median. Gross rental yield is 12.0%, against 9.2% for Cleveland neighborhoods and 6.2% statewide. Over the past 12 months, prices rose 50.0%. Transaction liquidity sits below the median for Cleveland neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Central	$66/sqft	12.0%	21
Cleveland	$102/sqft	9.2%	30
Ohio	$169/sqft	6.2%	28

Unlock the Central benchmark

Compare Central against Cleveland and Ohio medians — free with a DistrictScore account.

Buying Property in the US as a Foreigner

Federal & Ohio tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~1.28% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 3.5%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: $1 per $1,000.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Ohio property-tax guidance for foreign buyers

Latest Cleveland Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Central Real Estate FAQ

Central, Cleveland, Ohio shows a high-yield profile with a gross yield of 12.0 and prices up 50.0% over the past year. Price is 36% below the city median and 61% below the state median, while walkability is 89 and the Red Flag score is 48.

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