Real Estate Investing in Millbury, Ohio (43447)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43447 (Millbury, 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.
- Elevated vacancy: 9.3% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Millbury, OH (43447)?
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Market Analysis: 43447 Millbury
Meanwhile, ZIP 43447 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $235K median. It rewards specialists, not generalists.
Rent of $1,080/mo on a $235K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 43447 sits below the stated 0.0% once reality is priced in.
Within OH, ZIP 43447 trails on several market indicators that neighboring Wood County submarkets outperform. The gap is real and solid enough to shape underwriting.
Demographically, 43447 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.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Millbury:
Property Strategy for 43447
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $164,147 | $1,200 | 5.3% | +6.8% | $82,073 |
| 3BR | $248,184 | $1,520 | 4.4% | +7.1% | $82,728 |
| 4BR | $279,048 | $1,670 | 4.3% | +6.5% | $69,762 |
Market Trends
Home Value History (with trend line)
📊 How Does 43447 Compare?
| Metric | 43447 | Millbury | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $235,421 | $235,421 | N/A | $237,530 |
| 5-Year CAGR | 3.9% | 3.9% | N/A | 7.4% |
| Avg Rent | $1,080 | $1,080 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 43447 (Millbury, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $235,421 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (3.6%). 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 43447
Population: 3,165
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 43447
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 4,460 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is tenant demand in Millbury, OH?
Millbury, OH draws a steady base of working renters. Demand at the $1,080/mo rent level is reasonable for standard single-family and small multi rentals.
How does Millbury, OH stack up for property investment?
Yes - Millbury, OH a 3.0/5 investability score. With $235K home prices against $1,080/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much does a house cost in Millbury, OH?
In Millbury, OH the median home value sits at $235K. Against the broader OH market, that reads as reasonable for most investors.
What do rentals go for in Millbury, OH?
Rental rates in Millbury, OH average $1,080/mo. Tenant demand and $235K home values make the yield look reasonable by investor standards.
Are landlord laws favorable in Millbury, OH?
Rental owners in Millbury, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 43447 now. You don’t know where it ranks.
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How 43447 ranks in Toledo, OH
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