Real Estate Investing in Elmore, Ohio (43416)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43416 (Elmore, 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 Elmore, OH (43416)?
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Market Analysis: 43416 Elmore
This part of Ottawa County is not an easy win. The 43416 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 43416 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 43416 and stronger Elmore ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 43416 ZIP's population of 2,843 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
New investors are better served looking at Elmore's stable or hybrid ZIPs before stepping into 43416. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Elmore:
Property Strategy for 43416
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $174,461 | $1,060 | 4.4% | +6.9% | $87,231 |
| 3BR | $220,752 | $1,270 | 4.1% | +6.7% | $73,584 |
| 4BR | $267,842 | $1,610 | 4.3% | +7.0% | $66,961 |
Market Trends
Home Value History (with trend line)
📊 How Does 43416 Compare?
| Metric | 43416 | Elmore | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $227,255 | $227,255 | N/A | $237,530 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 7.4% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 43416 (Elmore, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $227,255 |
| Monthly Rent | $954 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 43416
Population: 2,843
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 43416
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 664 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Elmore, OH?
Expect median prices around $227K in Elmore, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Are there empty rentals in Elmore, OH?
Vacancy in Elmore, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $954/mo.
What is the tenant pool like in Elmore, OH?
Expect a solid tenant pool in Elmore, OH. The rental market absorbs $954/mo rents without meaningful friction.
Does Elmore, OH favor landlords or tenants?
Rental owners in Elmore, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is Elmore, OH better for rentals, flips, or BRRRR?
Elmore, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($227K prices, $954/mo rents) make it a reasonable choice.
You know 43416 now. You don’t know where it ranks.
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How 43416 ranks in Toledo, OH
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