Real Estate Investing in Ostrander, Ohio (43061)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43061 (Ostrander, 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.
- High price-to-rent: Price-to-rent ratio 33.6 — 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 Ostrander, OH (43061)?
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Market Analysis: 43061 Ostrander
ZIP 43061 in Ostrander, OH carries a notable set of headwinds. Home values near $512K and rents of $1,269/mo sit inside a market where underwriting has to be tight.
The 43061 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader OH picture, 43061 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A impressive renter share of 4% in 43061 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 43061 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 Ostrander:
Property Strategy for 43061
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $336,530 | $1,410 | 3.0% | +5.8% | $168,265 |
| 3BR | $468,919 | $1,680 | 2.6% | +7.2% | $156,306 |
| 4BR | $585,155 | $1,880 | 2.3% | +7.4% | $146,289 |
Market Trends
Home Value History (with trend line)
📊 How Does 43061 Compare?
| Metric | 43061 | Ostrander | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $511,750 | $511,750 | N/A | $237,530 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.4% |
| Avg Rent | $1,269 | $1,269 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43061 (Ostrander, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $511,750 |
| Monthly Rent | $1,269 |
| Price-to-Rent | 33.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (1.9%). 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 43061
Population: 5,198
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 43061
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
Frequently Asked Questions
Is Ostrander, OH a smart market for rental property?
With a 3.0/5 investability score, Ostrander, OH ranks as a solid market for rental property investors. Median prices of $512K and rents of $1,269/mo drive the underlying numbers.
Is housing expensive in Ostrander, OH?
Ostrander, OH home values average about $512K. That price point suits investors targeting rentals with $1,269/mo in monthly income.
Should investors worry about vacancy in Ostrander, OH?
Ostrander, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
Is OH a landlord-friendly state?
The landlord environment in Ostrander, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How strong are rents in Ostrander, OH?
Investors in Ostrander, OH typically see rents near $1,269/mo per month against $512K home values - a solid setup for rental cash flow.
You know 43061 now. You don’t know where it ranks.
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How 43061 ranks in Columbus, OH
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