Real Estate Investing in Johnstown, Ohio (43031)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43031 (Johnstown, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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 Johnstown, OH (43031)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43031 Johnstown
The 43031 ZIP in Johnstown, OH is a local-operator market. Outside capital chasing a $450K entry has to pair deep knowledge with the discount.
Rent of $2,043/mo on a $450K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 43031 sits below the stated 0.0% once reality is priced in.
The gap between 43031 and stronger Johnstown ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 43031 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 43031 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Johnstown:
Property Strategy for 43031
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $279,572 | $1,310 | 3.4% | +8.1% | $139,786 |
| 3BR | $404,692 | $1,570 | 2.8% | +8.5% | $134,897 |
| 4BR | $493,137 | $1,770 | 2.6% | +8.2% | $123,284 |
| 5BR | $594,693 | — | — | +8.6% | $118,939 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43031 Compare?
| Metric | 43031 | Johnstown | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $450,265 | $450,265 | N/A | $237,530 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.4% |
| Avg Rent | $2,043 | $2,043 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 43031 (Johnstown, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $450,265 |
| Monthly Rent | $2,043 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 43031
Population: 13,900
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 43031
Schools in This ZIP Code
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 1,665 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Johnstown, OH?
Expect median prices around $450K in Johnstown, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
How do landlord-tenant laws work in Johnstown, OH?
OH law landlord-friendly for landlords, and Johnstown inherits those rules. Investors should still review local ordinances for rental licensing.
Is the tenant base reliable in Johnstown, OH?
The renter base in Johnstown, OH is reasonable for the $2,043/mo price point. Screening well and pricing to market typically yields reliable tenants.
What kind of vacancy should I budget for in Johnstown, OH?
Occupancy in Johnstown, OH runs stable with elevated vacancy. Well-priced units at $2,043/mo lease on reasonable timelines.
How should investors approach Johnstown, OH?
Most investors in Johnstown, OH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 43031 now. You don’t know where it ranks.
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How 43031 ranks in Columbus, OH
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