Real Estate Investing in Painesville, Ohio

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

2 ZIP codes • Population: 58,511 • Lake County

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Should you buy in Painesville, OH? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (79/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Painesville, OH?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $243,912
Avg Monthly Rent $1,212
ZIP Codes 2

Investing in Painesville Real Estate

Painesville (Ohio) spans 2 ZIPs and roughly a sizable population. plainly the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

Across Painesville's 2 ZIPs, fundamentals run thin: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Rent trends and price trends in Painesville are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Ohio.

A an established population with $N/AK household income profile is what makes Painesville a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Cleveland-Elyria, OH

Painesville is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable → 1% Rule →

Landlord Ground Truth

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Avg Home Value
$243,912
Avg Monthly Rent
$1,212
1% Rule
✗ Below
Landlord Friendly (OH)

🎓 Colleges & Universities in Painesville

1 College 942 Students
C
Lake Erie College
4-Year Private · 942 students

ZIP Codes in Painesville, OH

Screen every ZIP in Painesville

Filter Painesville’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Painesville, OH

How much should I expect to pay for a home in Painesville, OH?

Typical homes in Painesville, OH go for around $244K. The 5-year CAGR of 0.0% consistent price movement.

What kind of vacancy should I budget for in Painesville, OH?

Painesville, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

Is Painesville in OH worth investing in?

Investors tracking Painesville, OH will find a 3.0/5 rating supported by $244K median home values and $1,212/mo rents. That profile suits long-term holders targeting steady returns.

Are eviction rules reasonable in Painesville, OH?

Painesville, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

How qualified is the tenant pool in Painesville, OH?

Expect a solid tenant pool in Painesville, OH. The rental market absorbs $1,212/mo rents without meaningful friction.

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