Real Estate Investing in New Bloomington, Ohio (43341)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43341 (New Bloomington, OH)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in New Bloomington, OH (43341)?
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Market Analysis: 43341 New Bloomington
The 43341 ZIP covers a section of New Bloomington that demands careful diligence. Prices near $210K look accessible, but the work to make a deal cash flow is real.
Rent of $873/mo on a $210K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 43341 sits below the stated 0.0% once reality is priced in.
In the broader OH picture, 43341 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A solid renter share of 10% in 43341 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. healthy returns are possible in 43341, 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 New Bloomington:
Market Trends
Home Value History (with trend line)
📊 How Does 43341 Compare?
| Metric | 43341 | New Bloomington | Marion, OH | Ohio |
|---|---|---|---|---|
| Home Value | $209,595 | $211,152 | N/A | $237,530 |
| 5-Year CAGR | 4.6% | 4.8% | N/A | 7.4% |
| Avg Rent | $873 | $882 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43341 (New Bloomington, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $209,595 |
| Monthly Rent | $873 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (3.3%). 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 43341
Population: 1,005
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
Are there empty rentals in New Bloomington, OH?
New Bloomington, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
Is New Bloomington, OH good for landlords?
New Bloomington, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What kind of tenants rent in New Bloomington, OH?
New Bloomington, OH offers a steady renter base at the $873/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is New Bloomington, OH a good market for FHA house hackers?
New Bloomington, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $873/mo rent level.
How do home values compare in New Bloomington, OH?
Homes in New Bloomington, OH typically sell near $210K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
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How 43341 ranks in Marion, OH
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