Lee-Harvard, Warrensville Heights, OH—44128
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lee-Harvard, Warrensville Heights, OH
As of Oct '25, the median home price in Lee-Harvard, Warrensville Heights, OH is $99,000, with a year-over-year change of -2.6%. This indicates that home prices in Lee-Harvard, Warrensville Heights, OH are decreasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $99,000 | -2.6% |
| Single Family | $102,000 | -2.9% |
| Condos | $59,000 | 7.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $71,000 | -1.4% |
3 Bed | $107,000 | -3.6% |
4 Bed | $107,000 | 1.9% |
| 5 Bed | $105,000 | 1.9% |
% of Housing Stock
Rental Trends — Lee-Harvard, Warrensville Heights, OH
As of July '25, Rentcast reports the average rent in Lee-Harvard, Warrensville Heights, OH is $1,230, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Lee-Harvard, Warrensville Heights, OH is 1-bedrooms: $892, 2-bedrooms: $997, 3-bedrooms: $1,390, 4-bedrooms: $1,410. The most common rental property sizes in Lee-Harvard, Warrensville Heights, OH are 2-bedroom and 3-bedroom, accounting for 49.3% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $892 |
| 2 Bed Rent | $1,000 | $997 |
| 3 Bed Rent | $1,370 | $1,390 |
| 4 Bed Rent | $1,400 | $1,410 |
% of Rental Stock
Property Listings — Lee-Harvard, Warrensville Heights, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Lee-Harvard, Warrensville Heights, OH is 45. This is a increase of 52.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $125,000 | -1.0% |
Listing Count | 150 | 45.0% |
| Listings as % of Homes | 0.8% | 45.0% |
Days on Market | 45 | 52.0% |
Demographics — Lee-Harvard, Warrensville Heights, OH
As of the latest ACS Survey released in 2023, Lee-Harvard, Warrensville Heights, OH has a population of 27,600, which has decreased by -4.1% over the past 5 years. Lee-Harvard, Warrensville Heights, OH is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,600 | -4.1% |
% Under 18 | 22.3% | -0.9% |
% Seniors | 21.4% | 3.4% |
% WFH | 8.0% | 95.1% |
% w/ College Degree | 18.3% | 45.2% |
As of the latest ACS Survey released in 2023, Lee-Harvard, Warrensville Heights, OH is a predominantly black area, with 93.2% of the population identifying as black. The black population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Lee-Harvard, Warrensville Heights, OH is white, making up 3.2% of the population. Foreign-born residents account for 1.8% of the population in Lee-Harvard, Warrensville Heights, OH, and this percentage has decreased by 10.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 3.2% | -20.0% |
% Black | 93.2% | 1.5% |
% Hispanic | 1.1% | -21.4% |
% Asian | 0.1% | -87.5% |
% Foreign Born | 1.8% | -10.0% |
Mortgage and Risk — Lee-Harvard, Warrensville Heights, OH
According to HUD data as of 2023, there were 274 mortgage originations in Lee-Harvard, Warrensville Heights, OH, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Lee-Harvard, Warrensville Heights, OH. Investor activity is low, as 12.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 274 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 12.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Lee-Harvard, Warrensville Heights, OH
As of 2024, the percent of homes in Lee-Harvard, Warrensville Heights, OH under the Section 8 program is 18.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lee-Harvard, Warrensville Heights, OH, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,181 |
Total Units Section 8 | 1,159 |
% Rentals under Section 8 | 18.6% |
% Occupied Section 8 | 84.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $75 | $895 | $970 |
| 2 Bedroom | $180 | $1,000 | $1,180 |
| 3 Bedroom | $150 | $1,370 | $1,520 |
| 4 Bedroom | $230 | $1,400 | $1,630 |
Affordability — Lee-Harvard, Warrensville Heights, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $99,000 |
| Median Household Income | $44,600 |