Real Estate Investing in Buckeye Lake, Ohio (43008)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43008 (Buckeye Lake, 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: 24.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Buckeye Lake, OH (43008)?
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Market Analysis: 43008 Buckeye Lake
ZIP 43008 in Buckeye Lake, OH carries a solid set of headwinds. Home values near $296K and rents of $963/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $296K asset, 43008 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OH, ZIP 43008 trails on several market indicators that neighboring Licking County submarkets outperform. The gap is real and durable enough to shape underwriting.
On the rental side, 2,419 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 43008 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Buckeye Lake:
Property Strategy for 43008
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $246,541 | $1,070 | 3.1% | +9.3% | $123,271 |
| 3BR | $310,032 | $1,280 | 3.0% | +8.9% | $103,344 |
Market Trends
Home Value History (with trend line)
📊 How Does 43008 Compare?
| Metric | 43008 | Buckeye Lake | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $295,900 | $295,900 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.4% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43008 (Buckeye Lake, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $295,900 |
| Monthly Rent | $963 |
| Price-to-Rent | 25.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +11.5% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 43008
Population: 2,419
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 43008
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Lakewood High School
Lakewood Middle School
Jackson Intermediate
Lakewood Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,827 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Buckeye Lake, OH rate as a rental market?
Buckeye Lake, OH scores 3.0/5 for investability. Home values sit at $296K and rents near $963/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What are vacancy rates like in Buckeye Lake, OH?
Buckeye Lake, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
Is it easy to find good tenants in Buckeye Lake, OH?
The renter base in Buckeye Lake, OH is reasonable for the $963/mo price point. Screening well and pricing to market typically yields measured tenants.
Are homes affordable in Buckeye Lake, OH?
Buckeye Lake, OH median home values land near $296K. That is reasonable territory for investors looking at $963/mo-per-month rentals.
Which investment style suits Buckeye Lake, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Buckeye Lake, OH. With home values at $296K and rents near $963/mo, other strategies can work but produce consistent rather than outsized returns.
You know 43008 now. You don’t know where it ranks.
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How 43008 ranks in Columbus, OH
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