What is the rental yield in Lee-Harvard, Cleveland, Ohio?

The gross yield in Lee-Harvard, Cleveland, Ohio is 15.2%. Pricing is about 7% below Cleveland and about 44% below Ohio, with prices up 8.3% over the past year. The Red Flag score is 46, walkability is 48, and education is in the 2nd percentile.

How has home pricing changed in Lee-Harvard, Cleveland, Ohio?

Home prices in Lee-Harvard, Cleveland, Ohio are up 8.3% over the past year. The neighborhood is priced about 7% below Cleveland and about 44% below Ohio, with a gross yield of 15.2%. The Red Flag score is 46, walkability is 48, and education is in the 2nd percentile.

How does Lee-Harvard compare with Cleveland and Ohio?

Lee-Harvard, Cleveland, Ohio is about 7% below Cleveland and about 44% below Ohio on price. It also has a gross yield of 15.2% and price growth of 8.3% over the past year. The Red Flag score is 46, walkability is 48, and education is in the 2nd percentile.

Neighborhood

Lee-Harvard

Cleveland, Ohio US

Lee-Harvard, Cleveland, Ohio has a high-yield investment profile with pricing about 7% below Cleveland and about 44% below Ohio, a gross yield of 15.2%, and prices up 8.3% over the past year. The Red Flag score of 46 is lower than the other neighborhoods listed, while walkability of 48 is moderate and education in the 2nd percentile is a notable weakness.

AI Summary•Updated May 2026

Area

1.35 mi²

ZIP Code

44128

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 PM2.5US Census ACS / TIGER 2024

Verified Price · Median Sale

$112,467

YoY+8.3%

Gross Rental Yield

15.2%

Listed rent · ZORI annualized

Red Flag Index

Moderate

46 / 100

Walkability Score

Car-Dependent

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

Lee-Harvard Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Lee-Harvard, Cleveland.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$112,467	+8.3%
Price / Sq Ft (Verified)	$95/sqft	+10.0%
Asking Rent (Median)	$1,421/mo	+7.3%
Gross Rental Yield	15.2%	—
Liquidity Score	29 / 100	Low
Homes Sold (Period)	78	-4.9%

Is Lee-Harvard Safe? Natural-Hazard Risk

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

Red Flag Breakdown

46 / 100

Moderate Risk

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

Flood60High

Tornado60High

Heat60High

Wildfire40Moderate

Hurricane40Moderate

Earthquake40Moderate

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.

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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 15.2%

Appreciating market — +8.3% sale-price YoY

Active transaction volume — 78 homes sold last period

Insights are generated from Lee-Harvard's live DistrictScore metrics.

Lee-Harvard 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

6.2 µg/m³ Meets EPA, above WHO guideline-26.5% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Lee-Harvard centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 59% 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; Lee-Harvard inherits the Ohio figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Lee-Harvard

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

Walkability & Amenities in Lee-Harvard

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

48

Car-Dependent

Walkability Score

5

Grocery

7

Dining

8

Schools

0

Universities

0

Hospitals

0

Pharmacies

4

Parks

0

Rail Transit

0

Coworking

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

Lee-Harvard vs Cleveland vs Ohio

How Lee-Harvard benchmarks against its city and state medians.

Benchmark vs City & State

Across Lee-Harvard, the median sale price sits about 7% below the median for Cleveland neighborhoods and about 44% below the statewide median. Gross rental yield is 15.2%, against 9.2% for Cleveland neighborhoods and 6.2% statewide. Over the past 12 months, prices rose 8.3%. Transaction liquidity sits in line with the median for Cleveland neighborhoods and in line with the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Lee-Harvard	$95/sqft	15.2%	29
Cleveland	$102/sqft	9.2%	30
Ohio	$169/sqft	6.2%	28

Unlock the Lee-Harvard benchmark

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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

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Guaranteed Rate • Jun 18, 2026

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Lee-Harvard Real Estate FAQ

Lee-Harvard, Cleveland, Ohio has a high-yield profile. Pricing is about 7% below Cleveland and about 44% below Ohio, gross yield is 15.2%, and prices are up 8.3% over the past year. The Red Flag score is 46, walkability is 48, and education is in the 2nd percentile.

Neighborhoods near Lee-Harvard

Compare Lee-Harvard with nearby neighborhoods in Cleveland.

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