Real Estate Investing in Marengo, Ohio (43334)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43334 (Marengo, 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.
- High price-to-rent: Price-to-rent ratio 28.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Marengo, OH (43334)?
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Market Analysis: 43334 Marengo
Put differently, ZIP 43334 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $352K median. It rewards specialists, not generalists.
The 43334 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Turning to rents, 43334 offers a low basis, the region around Marengo has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 43334 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 43334 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Marengo:
Property Strategy for 43334
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $278,746 | $1,130 | 2.9% | +9.6% | $139,373 |
| 3BR | $348,542 | $1,350 | 2.8% | +9.3% | $116,181 |
| 4BR | $450,476 | $1,520 | 2.4% | +8.9% | $112,619 |
Market Trends
Home Value History (with trend line)
📊 How Does 43334 Compare?
| Metric | 43334 | Marengo | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $351,962 | $351,962 | N/A | $237,530 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 7.4% |
| Avg Rent | $1,017 | $1,017 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43334 (Marengo, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $351,962 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 28.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (2.3%). 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 43334
Population: 6,339
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 43334
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
Is Marengo, OH a good market for buy-and-hold investors?
Investors tracking Marengo, OH will find a 3.0/5 rating supported by $352K median home values and $1,017/mo rents. That profile suits long-term holders targeting steady returns.
Are rents high in Marengo, OH?
Marengo, OH rentals go for roughly $1,017/mo a month. That puts gross yield in solid territory relative to $352K acquisition costs.
What is the median home value in Marengo, OH?
Typical homes in Marengo, OH go for around $352K. The 5-year CAGR of 0.0% reliable price movement.
How high is vacancy risk in Marengo, OH?
Vacancy risk in Marengo, OH is elevated. That supports predictable cash flow for typical rental holds.
Is it easy to find good tenants in Marengo, OH?
Tenant demand in Marengo, OH is solid. The local workforce $1,017/mo rents across most rental classes.
You know 43334 now. You don’t know where it ranks.
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How 43334 ranks in Columbus, OH
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