Real Estate Investing in Harpster, Ohio (43323)
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Should you buy in 43323 (Harpster, 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.
No major risk flags on the data we track.
• 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 Harpster, OH (43323)?
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Market Analysis: 43323 Harpster
ZIP 43323 in Harpster, OH carries a notable set of headwinds. Home values near $205K and rents of $945/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $205K asset, 43323 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Harpster have seen price recovery that 43323 has not matched. Wyandot County data supports the view that the spread is structural rather than temporary.
The 43323 ZIP's population of 578 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Distressed ZIPs reward experience. significant returns are possible in 43323, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Harpster:
Market Trends
Home Value History (with trend line)
📊 How Does 43323 Compare?
| Metric | 43323 | Harpster | Ohio |
|---|---|---|---|
| Home Value | $204,998 | $204,998 | $237,530 |
| 5-Year CAGR | 7.0% | 7.0% | 7.4% |
| Avg Rent | $945 | $945 | - |
| 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 43323 (Harpster, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $204,998 |
| Monthly Rent | $945 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +14.2% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 43323
Population: 578
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
Investor Insight: With 1,277 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do rentals sit vacant long in Harpster, OH?
Rental vacancy in Harpster, OH is elevated. Investors should budget normal turnover but not chronic empty units.
How qualified is the tenant pool in Harpster, OH?
The tenant pool in Harpster, OH is solid, supported by local employment and population fundamentals. Rents of $945/mo are well-absorbed by the market.
How much do tenants pay in Harpster, OH?
Expect rents around $945/mo per month in Harpster, OH. With home values at $205K, the yield math works out to reasonable levels for rental investors.
What does house hacking look like in Harpster, OH?
The a challenging house-hack environment in Harpster, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Should investors consider Harpster, OH?
With a 3.0/5 investability score, Harpster, OH ranks as a solid market for rental property investors. Median prices of $205K and rents of $945/mo drive the underlying numbers.
You know 43323 now. You don’t know where it ranks.
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