Real Estate Investing in Portage, Ohio (43451)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43451 (Portage, 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.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
- Higher unemployment: 10.4% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Portage, OH (43451)?
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Market Analysis: 43451 Portage
This part of Wood County is not an easy win. The 43451 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 43451 is durable only for operators who understand what they are buying. A $199K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within OH, ZIP 43451 trails on several market indicators that neighboring Wood County submarkets outperform. The gap is real and durable enough to shape underwriting.
Resident income in 43451 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 43451 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Portage:
Property Strategy for 43451
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $215,061 | $1,250 | 4.2% | +6.4% | $71,687 |
| 4BR | $256,052 | $1,310 | 3.7% | +6.2% | $64,013 |
Market Trends
Home Value History (with trend line)
📊 How Does 43451 Compare?
| Metric | 43451 | Portage | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $198,521 | $198,521 | N/A | $237,530 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 43451 (Portage, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $198,521 |
| Monthly Rent | $873 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (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 43451
Population: 1,003
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
Frequently Asked Questions
What is the median home value in Portage, OH?
Typical homes in Portage, OH go for around $199K. The 5-year CAGR of 0.0% consistent price movement.
What monthly rent should investors expect in Portage, OH?
Average rent in Portage, OH is approximately $873/mo per month. Against $199K home values that yields a reasonable rent-to-price ratio.
How do experienced investors play Portage, OH?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Portage, OH. The numbers - $199K homes against $873/mo rents - support that play.
Is Portage, OH a smart market for rental property?
With a 3.0/5 investability score, Portage, OH ranks as a solid market for rental property investors. Median prices of $199K and rents of $873/mo drive the underlying numbers.
What is the tenant pool like in Portage, OH?
Expect a solid tenant pool in Portage, OH. The rental market absorbs $873/mo rents without meaningful friction.
You know 43451 now. You don’t know where it ranks.
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How 43451 ranks in Toledo, OH
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