Real Estate Investing in Waldo, Ohio (43356)
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Should you buy in 43356 (Waldo, 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 price-to-rent: Price-to-rent ratio 25.0 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Waldo, OH (43356)?
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Market Analysis: 43356 Waldo
The 43356 ZIP covers a section of Waldo that demands careful diligence. Prices near $313K look accessible, but the work to make a deal cash flow is real.
Meanwhile, the numbers look inviting — $313K purchase price, 0.0% nominal cap — the work to hit that pro forma in 43356 is substantial and deserves full respect.
Stepping back, 43356 offers a low basis, the region around Waldo has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A substantial renter share of 24% in 43356 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Waldo's stable or hybrid ZIPs before stepping into 43356. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Waldo:
Property Strategy for 43356
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $278,590 | $1,390 | 3.6% | +7.5% | $92,863 |
| 4BR | $396,463 | $1,540 | 2.8% | +8.5% | $99,116 |
Market Trends
Home Value History (with trend line)
📊 How Does 43356 Compare?
| Metric | 43356 | Waldo | Marion, OH | Ohio |
|---|---|---|---|---|
| Home Value | $313,393 | $313,393 | N/A | $237,530 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.4% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43356 (Waldo, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $313,393 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (2.6%). 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 43356
Population: 900
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
How do landlord-tenant laws work in Waldo, OH?
Landlord-friendliness in Waldo, OH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Can I house hack in Waldo, OH?
House hacking in Waldo, OH is a challenging. With home values around $313K and rents at $1,044/mo, owner-occupants can offset a meaningful share of PITI.
What is the tenant pool like in Waldo, OH?
Waldo, OH draws a steady base of working renters. Demand at the $1,044/mo rent level is reasonable for standard single-family and small multi rentals.
How strong are rents in Waldo, OH?
Rent in Waldo, OH is around $1,044/mo. The resulting rent-to-value relationship with $313K pricing is reasonable for most investor models.
Are homes affordable in Waldo, OH?
Expect median prices around $313K in Waldo, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
You know 43356 now. You don’t know where it ranks.
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How 43356 ranks in Marion, OH
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