Real Estate Investing in South Solon, Ohio (43153)
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Should you buy in 43153 (South Solon, 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: 10.4% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in South Solon, OH (43153)?
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Market Analysis: 43153 South Solon
Not every below-median market is a bargain. South Solon's 43153 ZIP stands at signals that favor experienced operators who can absorb the risk $300K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $300K asset, 43153 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 43153 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 43153 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.
The 43153 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 South Solon:
Market Trends
Home Value History (with trend line)
📊 How Does 43153 Compare?
| Metric | 43153 | South Solon | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $300,285 | $300,285 | N/A | $237,530 |
| 5-Year CAGR | 2.8% | 2.8% | N/A | 7.4% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43153 (South Solon, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $300,285 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 20.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (3.1%). 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 43153
Population: 1,193
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What do landlords charge for rent in South Solon, OH?
Expect rents around $1,197/mo per month in South Solon, OH. With home values at $300K, the yield math works out to reasonable levels for rental investors.
Is vacancy a concern in South Solon, OH?
Rental vacancy in South Solon, OH is elevated. Investors should budget normal turnover but not chronic empty units.
Is South Solon, OH a good market for buy-and-hold investors?
Investors tracking South Solon, OH will find a 3.0/5 rating supported by $300K median home values and $1,197/mo rents. That profile suits long-term holders targeting steady returns.
What price range are homes in South Solon, OH?
Median home price in South Solon, OH is near $300K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Can owner-occupants cash flow in South Solon, OH?
South Solon, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $300K price point reasonable to enter.
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How 43153 ranks in Columbus, OH
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