Real Estate Investing in Mount Gilead, Ohio (43338)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43338 (Mount Gilead, OH)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mount Gilead, OH (43338)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43338 Mount Gilead
Investors eyeing 43338 need to respect the fundamentals at play. Home values of $270K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $270K asset, 43338 is the wrong submarket. If the plan prices in friction, the yield can still work.
In practical terms, 43338 offers a low basis, the region around Mount Gilead has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 43338 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Mount Gilead's stable or hybrid ZIPs before stepping into 43338. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Mount Gilead:
Property Strategy for 43338
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $223,937 | $1,120 | 3.6% | +8.5% | $111,968 |
| 3BR | $293,885 | $1,340 | 3.3% | +8.3% | $97,962 |
| 4BR | $373,849 | $1,510 | 2.9% | +8.2% | $93,462 |
| 5BR | $458,523 | — | — | +8.5% | $91,705 |
Market Trends
Home Value History (with trend line)
📊 How Does 43338 Compare?
| Metric | 43338 | Mount Gilead | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $269,656 | $269,656 | N/A | $237,530 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 7.4% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 43338 (Mount Gilead, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 43338 (Mount Gilead, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $269,656 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (2.9%). 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 43338
Population: 10,394
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 43338
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
Are rents high in Mount Gilead, OH?
Investors in Mount Gilead, OH typically see rents near $1,008/mo per month against $270K home values - a solid setup for rental cash flow.
What strategy should investors use in Mount Gilead, OH?
Mount Gilead, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($270K prices, $1,008/mo rents) make it a reasonable choice.
What price range are homes in Mount Gilead, OH?
Expect median prices around $270K in Mount Gilead, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Are landlord laws favorable in Mount Gilead, OH?
OH law landlord-friendly for landlords, and Mount Gilead inherits those rules. Investors should still review local ordinances for rental licensing.
What is the tenant pool like in Mount Gilead, OH?
Mount Gilead, OH offers a predictable renter base at the $1,008/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 43338 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 43338 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 43338 ranks in Columbus, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 43338 (Mount Gilead)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 43338 (Mount Gilead, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.