Real Estate Investing in Marion, Ohio (43302)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43302 (Marion, 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.
- Elevated vacancy: 11.3% vacancy may signal weakening demand.
What’s happening in Marion, OH (43302)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43302 Marion
The 43302 ZIP in Marion, OH is a local-operator market. Outside capital chasing a $170K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $170K asset, 43302 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 43302 and stronger Marion ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 43302 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 43302 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 Marion:
Property Strategy for 43302
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $77,864 | $1,000 | 9.2% | +9.9% | $77,864 |
| 2BR | $118,426 | $1,290 | 7.8% | +10.4% | $59,213 |
| 3BR | $167,084 | $1,550 | 6.7% | +8.2% | $55,695 |
| 4BR | $241,452 | $1,710 | 5.1% | +8.4% | $60,363 |
| 5BR | $311,617 | — | — | +8.2% | $62,323 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43302 Compare?
| Metric | 43302 | Marion | Marion, OH | Ohio |
|---|---|---|---|---|
| Home Value | $170,252 | $170,252 | N/A | $237,530 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.4% |
| Avg Rent | $1,210 | $1,210 | N/A | - |
| Cap Rate | 5.5% | 5.5% | - | - |
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 43302 (Marion, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $170,252 |
| Monthly Rent | $1,210 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (5.5%). 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 43302
Population: 54,581
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 43302
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 1,277 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for Marion, OH real estate?
For Marion, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How do home values compare in Marion, OH?
The median home value in Marion, OH is roughly $170K. That puts it reasonable relative to the OH statewide average.
What are rental rates like in Marion, OH?
Rents in Marion, OH run near $1,210/mo. Compared with median home prices of $170K that produces solid gross yields for typical rentals.
What does house hacking look like in Marion, OH?
House hacking works a challenging in Marion, OH. Rents of $1,210/mo against $170K acquisition make the strategy solid for owner-occupants.
What is the investability score for Marion, OH?
With a 3.0/5 investability score, Marion, OH ranks as a solid market for rental property investors. Median prices of $170K and rents of $1,210/mo drive the underlying numbers.
You know 43302 now. You don’t know where it ranks.
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How 43302 ranks in Marion, OH
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