Real Estate Investing in Defiance, Ohio (43512)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43512 (Defiance, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.7% 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 Defiance, OH (43512)?
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Market Analysis: 43512 Defiance
Investors eyeing 43512 need to respect the fundamentals at play. Home values of $188K come alongside slower price movement and elevated management overhead.
Meanwhile, the numbers look inviting — $188K purchase price, 0.0% nominal cap — the work to hit that pro forma in 43512 is substantial and deserves full respect.
Within OH, ZIP 43512 trails on several market indicators that neighboring Defiance County submarkets outperform. The gap is real and healthy enough to shape underwriting.
The 43512 ZIP's population of 27,894 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 Defiance's stable or hybrid ZIPs before stepping into 43512. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Defiance:
Property Strategy for 43512
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $91,301 | $820 | 6.5% | +6.9% | $91,301 |
| 2BR | $129,653 | $1,000 | 5.6% | +7.6% | $64,827 |
| 3BR | $192,454 | $1,270 | 4.8% | +7.5% | $64,151 |
| 4BR | $238,926 | $1,450 | 4.4% | +7.8% | $59,731 |
| 5BR | $275,884 | — | — | +8.1% | $55,177 |
Market Trends
Home Value History (with trend line)
📊 How Does 43512 Compare?
| Metric | 43512 | Defiance | Defiance, OH | Ohio |
|---|---|---|---|---|
| Home Value | $187,908 | $187,908 | N/A | $237,530 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.4% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 43512 (Defiance, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $187,908 |
| Monthly Rent | $900 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (3.7%). 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 43512
Population: 27,894
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 43512
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 1,113 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do rentals sit vacant long in Defiance, OH?
Vacancy in Defiance, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $900/mo.
How do landlord-tenant laws work in Defiance, OH?
Defiance, OH operates under OH law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Is housing expensive in Defiance, OH?
Homes in Defiance, OH typically sell near $188K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
How much do tenants pay in Defiance, OH?
Average rent in Defiance, OH is approximately $900/mo per month. Against $188K home values that yields a reasonable rent-to-price ratio.
How qualified is the tenant pool in Defiance, OH?
Tenant quality in Defiance, OH ranks as solid. Landlords generally report steady occupancy at market rents of $900/mo.
You know 43512 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 43512 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 43512 ranks in Defiance, OH
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