What is the rental yield in Washington Avenue Historic District, Elyria, Ohio?

The gross yield in Washington Avenue Historic District, Elyria, Ohio is 6.1. That comes with prices in line with Elyria and about 11% below Ohio, a price trend up 5.3% over the past year, walkability of 61, and a Red Flag score of 50.

How has pricing changed in Washington Avenue Historic District, Elyria, Ohio over the past year?

Pricing in Washington Avenue Historic District, Elyria, Ohio is up 5.3% over the past year. The neighborhood is priced in line with Elyria and about 11% below Ohio, while also showing a gross yield of 6.1 and a Red Flag score of 50.

How does Washington Avenue Historic District, Elyria, Ohio compare with Elyria and Ohio?

Washington Avenue Historic District, Elyria, Ohio is priced in line with Elyria and about 11% below Ohio. It also has a gross yield of 6.1, walkability of 61, education in the 29th percentile, and a Red Flag score of 50.

What are the walkability and education scores in Washington Avenue Historic District, Elyria, Ohio?

Washington Avenue Historic District, Elyria, Ohio has walkability of 61 and education in the 29th percentile. Those scores sit alongside a gross yield of 6.1, prices in line with Elyria, and a price trend up 5.3% over the past year.

Neighborhood

Washington Avenue Historic District

Elyria, Ohio US

Washington Avenue Historic District, Elyria, Ohio presents a balanced profile with pricing in line with Elyria and about 11% below Ohio, a gross yield of 6.1, and a price trend up 5.3% over the past year. Walkability is 61 and education is in the 29th percentile, while the Red Flag score of 50 indicates midrange risk. The positive annual price trend is a strength, while the education percentile is comparatively lower.

AI Summary•Updated May 2026

Area

16.40 mi²

ZIP Code

44035

County

Lorain 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

$209,938

YoY+5.3%

Gross Rental Yield

6.1%

Listed rent · ZORI annualized

Red Flag Index

Moderate

50 / 100

Walkability Score

Somewhat Walkable

OpenStreetMap POI density · national percentile

Education Score

29 / 100

Limited · better than 29% of U.S. districts

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

AI Score

Good

DistrictScore attractiveness · national model

Washington Avenue Historic District Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Washington Avenue Historic District, Elyria.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$209,938	+5.3%
Price / Sq Ft (Verified)	$150/sqft	+1.6%
Asking Rent (Median)	$1,066/mo	+5.1%
Gross Rental Yield	6.1%	—
Liquidity Score	46 / 100	Moderate
Homes Sold (Period)	201	-6.5%

Is Washington Avenue Historic District Safe? Natural-Hazard Risk

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

Red Flag Breakdown

50 / 100

Moderate Risk

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

Strong Wind80Very High

Hail80Very High

Wildfire60High

Tornado60High

Flood40Moderate

Hurricane40Moderate

Earthquake40Moderate

Heat20Low

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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What Stands Out AI Insight

Above-average gross rental yield at 6.1%

Appreciating market — +5.3% sale-price YoY

Active transaction volume — 201 homes sold last period

Strong Wind risk is Very High (80/100)

Hail risk is Very High (80/100)

Insights are generated from Washington Avenue Historic District's live DistrictScore metrics.

Washington Avenue Historic District 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

6.1 µg/m³ Meets EPA, above WHO guideline-29.6% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Washington Avenue Historic District centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 55% 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; Washington Avenue Historic District inherits the Ohio figures.

Radon Potential

EPA

Zone 2

Zone 2 — Moderate potential · Washington Avenue Historic District

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)0.0 kmVery High

Industrial odor10 nearbyVery High

Point-source screening near Washington Avenue Historic District: 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 Washington Avenue Historic District

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

61

Somewhat Walkable

Walkability Score

16

Grocery

15

Dining

21

Schools

1

Universities

3

Hospitals

1

Pharmacies

11

Parks

1

Rail Transit

0

Coworking

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

Washington Avenue Historic District vs Elyria vs Ohio

How Washington Avenue Historic District benchmarks against its city and state medians.

Benchmark vs City & State

In Washington Avenue Historic District, the median sale price sits in line with the median for Elyria neighborhoods and about 11% below the statewide median. Gross rental yield is 6.1%, against 6.1% for Elyria neighborhoods and 6.2% statewide. Over the past 12 months, prices rose 5.3%. Transaction liquidity sits in line with the median for Elyria neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Washington Avenue Historic District	$150/sqft	6.1%	46
Elyria	$150/sqft	6.1%	46
Ohio	$169/sqft	6.2%	28

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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

Latest Elyria 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

Washington Avenue Historic District Real Estate FAQ

Washington Avenue Historic District, Elyria, Ohio shows a balanced profile in the numbers provided. It has a gross yield of 6.1, prices in line with Elyria and about 11% below Ohio, with prices up 5.3% over the past year and a Red Flag score of 50.

Neighborhoods near Washington Avenue Historic District

Compare Washington Avenue Historic District with nearby neighborhoods in Elyria.

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