Real Estate Investing in Galion, Ohio (44833)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44833 (Galion, 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: 11.4% vacancy may signal weakening demand.
What’s happening in Galion, OH (44833)?
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Market Analysis: 44833 Galion
Not every below-median market is a bargain. Galion's 44833 ZIP sits at signals that favor experienced operators who can absorb the risk $177K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 44833 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader OH picture, 44833 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 44833 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Galion's stable or hybrid ZIPs before stepping into 44833. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Galion:
Property Strategy for 44833
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $80,528 | $870 | 7.8% | +11.4% | $80,528 |
| 2BR | $122,671 | $1,070 | 6.3% | +12.5% | $61,335 |
| 3BR | $177,201 | $1,300 | 5.3% | +10.2% | $59,067 |
| 4BR | $231,203 | $1,430 | 4.5% | +9.5% | $57,801 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44833 Compare?
| Metric | 44833 | Galion | Bucyrus-Galion, OH | Ohio |
|---|---|---|---|---|
| Home Value | $176,979 | $176,979 | N/A | $237,530 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 7.4% |
| Avg Rent | $763 | $763 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44833 (Galion, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $176,979 |
| Monthly Rent | $763 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +9.1% ▲ |
🏠 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 (3.4%). 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 44833
Population: 16,641
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 44833
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
Frequently Asked Questions
Do landlords face vacancy issues in Galion, OH?
Rental vacancy in Galion, OH is elevated. Investors should budget normal turnover but not chronic empty units.
Are tenants stable in Galion, OH?
Working renters make up the core of the Galion, OH tenant base. The pool is reasonable for investors targeting long-term holds.
What is the average home sale price in Galion, OH?
Typical homes in Galion, OH go for around $177K. The 5-year CAGR of 0.0% stable price movement.
Is Galion, OH a good market for FHA house hackers?
Galion, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $763/mo rent level.
How should investors approach Galion, OH?
In Galion, OH the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $177K prices and $763/mo rents suits that approach.
You know 44833 now. You don’t know where it ranks.
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How 44833 ranks in Bucyrus-Galion, OH
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