Real Estate Investing in Luckey, Ohio (43443)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43443 (Luckey, OH)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 9.1% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (1.0% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Luckey, OH (43443)?
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Market Analysis: 43443 Luckey
ZIP 43443 in Luckey, OH carries a substantial set of headwinds. Home values near $213K and rents of $918/mo sit inside a market where underwriting has to be tight.
The investment case in 43443 is impressive only for operators who understand what they are buying. A $213K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader OH picture, 43443 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 43443 includes headwinds that any investor should price in. Income distribution skews lower than Luckey averages, and tenant stability requires active management.
Strategically, 43443 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Luckey:
Property Strategy for 43443
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $174,661 | $1,020 | 4.2% | +8.0% | $87,331 |
| 3BR | $236,320 | $1,310 | 4.0% | +7.7% | $78,773 |
| 4BR | $280,708 | $1,380 | 3.5% | +7.2% | $70,177 |
Market Trends
Home Value History (with trend line)
📊 How Does 43443 Compare?
| Metric | 43443 | Luckey | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $213,403 | $213,403 | N/A | $237,530 |
| 5-Year CAGR | 1.0% | 1.0% | N/A | 7.4% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43443 (Luckey, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $213,403 |
| Monthly Rent | $918 |
| Price-to-Rent | 19.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 4.3% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +1.0% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 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 (3.4%). 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 43443
Population: 1,538
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 3,438 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Can owner-occupants cash flow in Luckey, OH?
Luckey, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $918/mo rent level.
How qualified is the tenant pool in Luckey, OH?
The tenant pool in Luckey, OH is solid, supported by local employment and population fundamentals. Rents of $918/mo are well-absorbed by the market.
Are landlord laws favorable in Luckey, OH?
Rental owners in Luckey, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the typical rental rate in Luckey, OH?
Investors in Luckey, OH typically see rents near $918/mo per month against $213K home values - a solid setup for rental cash flow.
Are there empty rentals in Luckey, OH?
Vacancy in Luckey, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $918/mo.
You know 43443 now. You don’t know where it ranks.
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How 43443 ranks in Toledo, OH
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