Real Estate Investing in Thornville, Ohio (43076)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43076 (Thornville, 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.
- High vacancy: 13.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.6 — 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 Thornville, OH (43076)?
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Market Analysis: 43076 Thornville
ZIP 43076 inside Perry County looks affordable on the surface — median value of $355K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 43076 is impressive only for operators who understand what they are buying. A $355K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader OH picture, 43076 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 43076 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.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Thornville:
Property Strategy for 43076
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $204,871 | $980 | 3.4% | +8.3% | $204,871 |
| 2BR | $271,583 | $1,190 | 3.2% | +9.3% | $135,792 |
| 3BR | $367,788 | $1,450 | 2.8% | +8.7% | $122,596 |
| 4BR | $463,506 | $1,680 | 2.6% | +8.6% | $115,876 |
Market Trends
Home Value History (with trend line)
📊 How Does 43076 Compare?
| Metric | 43076 | Thornville | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $355,272 | $355,272 | N/A | $237,530 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.4% |
| Avg Rent | $1,071 | $1,071 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 43076 (Thornville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $355,272 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 27.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.4%). 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 43076
Population: 8,805
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 43076
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 1,827 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Thornville, OH?
The median home value in Thornville, OH is roughly $355K. That puts it reasonable relative to the OH statewide average.
How strong is the working-renter base in Thornville, OH?
Tenant demand in Thornville, OH is solid. The local workforce $1,071/mo rents across most rental classes.
How should investors approach Thornville, OH?
Most investors in Thornville, 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.
How quickly do rentals get leased in Thornville, OH?
Vacancy risk in Thornville, OH is elevated. That supports predictable cash flow for typical rental holds.
Can I house hack in Thornville, OH?
Thornville, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,071/mo rent level.
You know 43076 now. You don’t know where it ranks.
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How 43076 ranks in Columbus, OH
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