Real Estate Investing in Perry, Ohio
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Should you buy in Perry, OH? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Perry, OH?
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Market Trends — Perry, OH
Home Value History
Investing in Perry Real Estate
This is a distressed-leaning corner of Ohio: Perry has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.
A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Perry is in that category.
Rents in Perry at $990/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.
A an established population with $N/AK household income profile is what makes Perry a challenging rental market — the tenant base is present, but the affordability math is tight.
Best ZIP codes in Cleveland-Elyria, OH
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ZIP Codes in Perry, OH
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View PlansFrequently Asked Questions About Perry, OH
What strategy should investors use in Perry, OH?
In Perry, OH the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $301K prices and $990/mo rents suits that approach.
How much rent can I charge in Perry, OH?
Average rent in Perry, OH is approximately $990/mo per month. Against $301K home values that yields a reasonable rent-to-price ratio.
How strong is tenant demand in Perry, OH?
The tenant pool in Perry, OH is solid, supported by local employment and population fundamentals. Rents of $990/mo are well-absorbed by the market.
How viable is house hacking in Perry, OH?
Perry, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $301K price point reasonable to enter.
What is it like being a landlord in Perry, OH?
Landlord-friendliness in Perry, OH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
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