Real Estate Investing in Russells Point, Ohio (43348)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43348 (Russells Point, 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.
- High vacancy: 42.3% 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 Russells Point, OH (43348)?
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Market Analysis: 43348 Russells Point
The 43348 ZIP covers a section of Russells Point that demands careful diligence. Prices near $201K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 43348 can be a a viable market for hunting ground — but the discount at $201K reflects genuine risk that outside investors often underestimate.
ZIP 43348's metrics run below Logan County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 43348 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 43348 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Russells Point:
Property Strategy for 43348
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $191,197 | $1,000 | 3.8% | +9.3% | $95,599 |
| 3BR | $236,385 | $1,220 | 3.7% | +6.9% | $78,795 |
Market Trends
Home Value History (with trend line)
📊 How Does 43348 Compare?
| Metric | 43348 | Russells Point | Bellefontaine, OH | Ohio |
|---|---|---|---|---|
| Home Value | $200,931 | $200,931 | N/A | $237,530 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.4% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43348 (Russells Point, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $200,931 |
| Monthly Rent | $900 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.5%). 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 43348
Population: 1,865
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
Frequently Asked Questions
What is the typical rental rate in Russells Point, OH?
Expect rents around $900/mo per month in Russells Point, OH. With home values at $201K, the yield math works out to reasonable levels for rental investors.
What is the renter demographic in Russells Point, OH?
The renter base in Russells Point, OH is reasonable for the $900/mo price point. Screening well and pricing to market typically yields predictable tenants.
What is the best play in Russells Point, OH?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Russells Point, OH. The numbers - $201K homes against $900/mo rents - support that play.
Is rental property easy to operate in Russells Point, OH?
OH ranks as a landlord-friendly state for landlord-tenant law. Russells Point generally follows the statewide framework, so landlords face reasonable operating rules.
Does Russells Point, OH make sense for an investment property?
Russells Point, OH records an investability rating of 3.0/5, with median home values near $201K and average rents around $900/mo. That combination puts it in the durable tier for investor interest.
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How 43348 ranks in Bellefontaine, OH
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