Real Estate Investing in Kelleys Island, Ohio
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Should you buy in Kelleys Island, OH? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 88.1% of homes vacant — above national norms.
- Higher unemployment: 9.7% unemployment — tenant risk signal.
What’s happening in Kelleys Island, OH?
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Market Trends — Kelleys Island, OH
Home Value History
Investing in Kelleys Island Real Estate
Kelleys Island in Ohio is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.
Across Kelleys Island's 1 ZIPs, fundamentals run tepid: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.
Rents in Kelleys Island at $999/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.
Demographics in Kelleys Island show real pressure — median income of $N/AK is thin relative to rents, and the 0% renter share includes significant cost-burdened households.
Best ZIP codes in Sandusky, OH
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Landlord Ground Truth
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ZIP Codes in Kelleys Island, OH
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View PlansFrequently Asked Questions About Kelleys Island, OH
What are rental rates like in Kelleys Island, OH?
Rents in Kelleys Island, OH run near $999/mo. Compared with median home prices of $437K that produces solid gross yields for typical rentals.
Are there empty rentals in Kelleys Island, OH?
Kelleys Island, OH carries elevated vacancy risk. Expect reliable absorption at market rents of $999/mo.
Should investors consider Kelleys Island, OH?
Yes - Kelleys Island, OH a 3.0/5 investability score. With $437K home prices against $999/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Kelleys Island, OH a good market for FHA house hackers?
House hacking in Kelleys Island, OH is a challenging. With home values around $437K and rents at $999/mo, owner-occupants can offset a meaningful share of PITI.
Is Kelleys Island, OH good for landlords?
Kelleys Island, OH operates under OH law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Community Ratings
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