What is the rental yield in Mill Creek, Cleveland, Ohio?

The gross yield in Mill Creek, Cleveland, Ohio is 14.2. Prices are about 34% below Cleveland and 60% below Ohio, while prices are up 23.9% over the past year. Walkability is 63 and education is in the 2nd percentile.

How has pricing changed in Mill Creek, Cleveland, Ohio over the past year?

Prices in Mill Creek, Cleveland, Ohio are up 23.9% over the past year. The neighborhood is about 34% below Cleveland and 60% below Ohio, with a gross yield of 14.2 and a Red Flag score of 42.

How does Mill Creek compare with Cleveland and Ohio?

Mill Creek, Cleveland, Ohio is about 34% below Cleveland and 60% below Ohio on pricing. It has a gross yield of 14.2, walkability of 63, and education in the 2nd percentile. The Red Flag score is 42.

Neighborhood

Mill Creek

Cleveland, Ohio US

Mill Creek, Cleveland, Ohio has a high-yield profile, with pricing about 34% below Cleveland and 60% below Ohio, a gross yield of 14.2, and prices up 23.9% over the past year. It combines a Red Flag score of 42 with walkability of 63 and education in the 2nd percentile. The main strength is the very high yield and strong annual price growth, while the main risk is the very low education percentile.

AI Summary•Updated May 2026

Area

1.07 mi²

ZIP Code

44105

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

$99,970

YoY+23.9%

Gross Rental Yield

14.2%

Listed rent · ZORI annualized

Red Flag Index

Moderate

42 / 100

Walkability Score

Somewhat 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

Excellent

DistrictScore attractiveness · national model

Mill Creek Property Prices & Rental Yield

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

Unlock the Mill Creek 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	$99,970	+23.9%
Price / Sq Ft (Verified)	$68/sqft	+14.4%
Asking Rent (Median)	$1,186/mo	+6.4%
Gross Rental Yield	14.2%	—
Liquidity Score	37 / 100	Moderate
Homes Sold (Period)	133	-14.7%

Is Mill Creek Safe? Natural-Hazard Risk

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

Red Flag Breakdown

42 / 100

Moderate Risk

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

Tornado60High

Heat60High

Flood40Moderate

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.

Unlock the full risk report for Mill Creek

Tract-level hazard heatmap & parcel detail with Pro

Unlock the Mill Creek hazard breakdown

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

What Stands Out AI Insight

Above-average gross rental yield at 14.2%

Appreciating market — +23.9% sale-price YoY

Active transaction volume — 133 homes sold last period

Insights are generated from Mill Creek's live DistrictScore metrics.

Mill Creek 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

6.4 µg/m³ Meets EPA, above WHO guideline-25.2% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Mill Creek centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 64% 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; Mill Creek inherits the Ohio figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Mill Creek

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

Industrial odor7 nearbyVery High

Point-source screening near Mill Creek: 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 Mill Creek

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

63

Somewhat Walkable

Walkability Score

7

Grocery

5

Dining

7

Schools

0

Universities

2

Hospitals

1

Pharmacies

7

Parks

0

Rail Transit

0

Coworking

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

Mill Creek vs Cleveland vs Ohio

How Mill Creek benchmarks against its city and state medians.

Benchmark vs City & State

In Mill Creek, the median sale price sits about 34% below the median for Cleveland neighborhoods and about 60% below the statewide median. Gross rental yield is 14.2%, against 9.2% for Cleveland neighborhoods and 6.2% statewide. Over the past 12 months, prices rose 23.9%. Transaction liquidity sits above the median for Cleveland neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Mill Creek	$68/sqft	14.2%	37
Cleveland	$102/sqft	9.2%	30
Ohio	$169/sqft	6.2%	28

Unlock the Mill Creek benchmark

Compare Mill Creek 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

Mill Creek Real Estate FAQ

Mill Creek, Cleveland, Ohio shows a strong income-and-growth profile in the numbers provided. Pricing is about 34% below Cleveland and 60% below Ohio, gross yield is 14.2, and prices are up 23.9% over the past year. The Red Flag score is 42.

Neighborhoods near Mill Creek

Compare Mill Creek with nearby neighborhoods in Cleveland.

Unlock deeper insights on Mill Creek

Deeper data. Smarter decisions. Stronger returns.

Full Risk Reports

Tract-level hazards

Investment Score

AI-driven analysis

Export & Reports

PDF & Excel

Priority Support

Fast-track help

Get Pro Access7-day free trial. Cancel anytime.