Real Estate Investing in Logan, Ohio (43138)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43138 (Logan, 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.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 25.4 — 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 Logan, OH (43138)?
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Market Analysis: 43138 Logan
From an investor standpoint, ZIP 43138 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $266K median. It rewards specialists, not generalists.
Rent of $873/mo on a $266K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 43138 sits below the stated 0.0% once reality is priced in.
Regionally, 43138 sits on the difficult end of the OH spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 43138 includes headwinds that any investor should price in. Income distribution skews lower than Logan averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 43138 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Logan:
Property Strategy for 43138
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $234,317 | $970 | 3.0% | +9.3% | $117,158 |
| 3BR | $298,562 | $1,330 | 3.2% | +9.1% | $99,521 |
| 4BR | $381,681 | $1,380 | 2.6% | +8.7% | $95,420 |
Market Trends
Home Value History (with trend line)
📊 How Does 43138 Compare?
| Metric | 43138 | Logan | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $265,543 | $265,543 | N/A | $237,530 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43138 (Logan, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $265,543 |
| Monthly Rent | $873 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.6%). 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 43138
Population: 19,147
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 43138
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
How does Logan, OH stack up for property investment?
Logan, OH rates 3.0/5 for investability. With median values at $266K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
How much should I expect to pay for a home in Logan, OH?
The median home value in Logan, OH is roughly $266K. That puts it reasonable relative to the OH statewide average.
Where do rents currently stand in Logan, OH?
Logan, OH rentals go for roughly $873/mo a month. That puts gross yield in solid territory relative to $266K acquisition costs.
Should investors worry about vacancy in Logan, OH?
Expect elevated vacancy in Logan, OH. Rents at $873/mo are absorbed by the tenant base without meaningful lag.
How should investors approach Logan, OH?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Logan, OH. The numbers - $266K homes against $873/mo rents - support that play.
You know 43138 now. You don’t know where it ranks.
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How 43138 ranks in Columbus, OH
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