Real Estate Investing in Cardington, Ohio (43321)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43321 (Cardington, OH)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (1.0% CAGR).
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cardington, OH (43321)?
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Market Analysis: 43321 Cardington
ZIP 43321 inside Morrow County looks affordable on the surface — median value of $186K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 43321 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 43321 and stronger Cardington ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 43321 ZIP's population of 357 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Experienced landlords with local relationships tend to find 43321 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 Cardington:
Market Trends
Home Value History (with trend line)
📊 How Does 43321 Compare?
| Metric | 43321 | Cardington | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $186,369 | $233,639 | N/A | $237,530 |
| 5-Year CAGR | 1.0% | 1.8% | N/A | 7.4% |
| Avg Rent | $990 | $1,017 | N/A | - |
| Cap Rate | 4.1% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43321 (Cardington, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $186,369 |
| Monthly Rent | $990 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +1.0% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (4.1%). 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 43321
Population: 357
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 43321
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Cardington-Lincoln High School
Cardington-Lincoln Middle School
Cardington-Lincoln Elementary School
Tomorrow Center
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 median home value in Cardington, OH?
Expect median prices around $186K in Cardington, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Does Cardington, OH favor landlords or tenants?
Rental owners in Cardington, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What real estate strategy is ideal for Cardington, OH?
For Cardington, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Does house hacking work in Cardington, OH?
House hacking in Cardington, OH is reasonable to execute. Prices around $186K and rents of $990/mo solid owner-occupant economics.
What kind of tenants rent in Cardington, OH?
Tenant quality in Cardington, OH ranks as solid. Landlords generally report reliable occupancy at market rents of $990/mo.
You know 43321 now. You don’t know where it ranks.
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How 43321 ranks in Columbus, OH
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