Real Estate Investing in Heath, Ohio (43056)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43056 (Heath, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Heath, OH (43056)?
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Market Analysis: 43056 Heath
ZIP 43056 in Heath, OH carries a healthy set of headwinds. Home values near $313K and rents of $1,179/mo sit inside a market where underwriting has to be tight.
Rent of $1,179/mo on a $313K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 43056 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Heath have seen price recovery that 43056 has not matched. Licking County data supports the view that the spread is structural rather than temporary.
Demographically, 43056 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 43056 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 Heath:
Property Strategy for 43056
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $247,592 | $1,310 | 3.8% | +7.3% | $123,796 |
| 3BR | $285,615 | $1,570 | 4.0% | +7.6% | $95,205 |
| 4BR | $383,608 | $1,770 | 3.3% | +7.2% | $95,902 |
| 5BR | $502,385 | — | — | +7.3% | $100,477 |
Market Trends
Home Value History (with trend line)
📊 How Does 43056 Compare?
| Metric | 43056 | Heath | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $312,674 | $312,674 | N/A | $237,530 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.4% |
| Avg Rent | $1,179 | $1,179 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 43056 (Heath, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $312,674 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (2.9%). 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 43056
Population: 17,485
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 43056
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 smart move for investors in Heath, OH?
In Heath, OH the solid play is typically careful cash-flow rentals with hands-on management. The combination of $313K prices and $1,179/mo rents suits that approach.
What is the median home value in Heath, OH?
Typical homes in Heath, OH go for around $313K. The 5-year CAGR of 0.0% consistent price movement.
What are rental rates like in Heath, OH?
Rental rates in Heath, OH average $1,179/mo. Tenant demand and $313K home values make the yield look reasonable by investor standards.
How quickly do rentals get leased in Heath, OH?
Heath, OH carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,179/mo.
Is house hacking profitable in Heath, OH?
House hacking works a challenging in Heath, OH. Rents of $1,179/mo against $313K acquisition make the strategy solid for owner-occupants.
You know 43056 now. You don’t know where it ranks.
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How 43056 ranks in Columbus, OH
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