Real Estate Investing in Carey, Ohio (43316)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43316 (Carey, 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: 9.0% 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 Carey, OH (43316)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43316 Carey
Not every below-median market is a bargain. Carey's 43316 ZIP reflects signals that favor experienced operators who can absorb the risk $188K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 43316 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 43316 and stronger Carey ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
In practical terms, 6,095 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 43316 is an operator game, not a passive one. Put differently, entry prices of $188K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Carey:
Property Strategy for 43316
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $136,147 | $1,050 | 5.6% | +7.8% | $68,074 |
| 3BR | $189,382 | $1,340 | 5.1% | +7.5% | $63,127 |
| 4BR | $224,016 | $1,530 | 4.9% | +7.2% | $56,004 |
Market Trends
Home Value History (with trend line)
📊 How Does 43316 Compare?
| Metric | 43316 | Carey | Tiffin, OH | Ohio |
|---|---|---|---|---|
| Home Value | $188,089 | $188,089 | N/A | $237,530 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.4% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
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 43316 (Carey, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,089 |
| Monthly Rent | $945 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.9%). 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 43316
Population: 6,095
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 43316
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
What is the average home sale price in Carey, OH?
Typical homes in Carey, OH go for around $188K. The 5-year CAGR of 0.0% reliable price movement.
What kind of tenants rent in Carey, OH?
Tenant quality in Carey, OH ranks as solid. Landlords generally report reliable occupancy at market rents of $945/mo.
Which real estate strategy fits Carey, OH?
The best-fit strategy in Carey, OH is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Should investors worry about vacancy in Carey, OH?
Vacancy in Carey, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $945/mo.
Does house hacking make sense in Carey, OH?
House hacking works a challenging in Carey, OH. Rents of $945/mo against $188K acquisition make the strategy solid for owner-occupants.
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