Real Estate Investing in Richwood, Ohio (43344)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43344 (Richwood, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Richwood, OH (43344)?
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Market Analysis: 43344 Richwood
The 43344 ZIP in Richwood, OH is a local-operator market. Outside capital chasing a $260K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 43344 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 43344 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 43344 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 43344 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Richwood:
Property Strategy for 43344
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $187,048 | $1,070 | 4.1% | +7.7% | $93,524 |
| 3BR | $280,035 | $1,280 | 3.3% | +6.4% | $93,345 |
| 4BR | $300,444 | $1,430 | 3.4% | +5.7% | $75,111 |
Market Trends
Home Value History (with trend line)
📊 How Does 43344 Compare?
| Metric | 43344 | Richwood | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $260,496 | $260,496 | N/A | $237,530 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 7.4% |
| Avg Rent | $963 | $963 | 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 43344 (Richwood, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $260,496 |
| Monthly Rent | $963 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 43344
Population: 6,049
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 43344
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
Where do home prices stand in Richwood, OH?
Richwood, OH median home values land near $260K. That is reasonable territory for investors looking at $963/mo-per-month rentals.
What is the best play in Richwood, OH?
For Richwood, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is OH a landlord-friendly state?
The landlord environment in Richwood, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Does Richwood, OH make sense for an investment property?
The 3.0/5 investability rating in Richwood, OH reflects its $260K prices and $963/mo rents. Investors generally consider it a solid option within OH.
Does a duplex house hack pencil in Richwood, OH?
For house hackers, Richwood, OH is a challenging. The $963/mo rent on a unit helps defray the mortgage on a $260K property.
You know 43344 now. You don’t know where it ranks.
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How 43344 ranks in Columbus, OH
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