Real Estate Investing in Bellefontaine, Ohio (43311)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43311 (Bellefontaine, 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: 8.9% vacancy may signal weakening demand.
What’s happening in Bellefontaine, OH (43311)?
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Market Analysis: 43311 Bellefontaine
The 43311 ZIP covers a section of Bellefontaine that demands careful diligence. Prices near $251K look accessible, but the work to make a deal cash flow is real.
Put differently, the numbers look inviting — $251K purchase price, 0.0% nominal cap — the work to hit that pro forma in 43311 is substantial and deserves full respect.
Regionally, 43311 sits on the difficult end of the OH spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
A notable renter share of 32% in 43311 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 43311 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 Bellefontaine:
Property Strategy for 43311
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $181,339 | $1,010 | 4.0% | +7.5% | $90,669 |
| 3BR | $249,551 | $1,230 | 3.5% | +6.9% | $83,184 |
| 4BR | $305,481 | $1,340 | 3.2% | +6.7% | $76,370 |
| 5BR | $374,509 | — | — | +6.7% | $74,902 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43311 Compare?
| Metric | 43311 | Bellefontaine | Bellefontaine, OH | Ohio |
|---|---|---|---|---|
| Home Value | $250,692 | $250,692 | N/A | $237,530 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.4% |
| Avg Rent | $1,150 | $1,150 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43311 (Bellefontaine, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $250,692 |
| Monthly Rent | $1,150 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.6%). 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 43311
Population: 20,074
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 43311
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.
Frequently Asked Questions
Is housing expensive in Bellefontaine, OH?
In Bellefontaine, OH the median home value sits at $251K. Against the broader OH market, that reads as reasonable for most investors.
Is it easy to find good tenants in Bellefontaine, OH?
Working renters make up the core of the Bellefontaine, OH tenant base. The pool is reasonable for investors targeting long-term holds.
Do landlords face vacancy issues in Bellefontaine, OH?
Bellefontaine, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
What are rental rates like in Bellefontaine, OH?
Rent in Bellefontaine, OH is around $1,150/mo. The resulting rent-to-value relationship with $251K pricing is reasonable for most investor models.
How landlord-friendly is Bellefontaine, OH?
Bellefontaine, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
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How 43311 ranks in Bellefontaine, OH
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