Real Estate Investing in Neapolis, Ohio (43547)
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Should you buy in 43547 (Neapolis, OH)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 33.5% of homes vacant — above national norms.
- Higher unemployment: 12.7% unemployment — tenant risk signal.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Neapolis, OH (43547)?
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Market Analysis: 43547 Neapolis
Not every below-median market is a bargain. Neapolis's 43547 ZIP stands at signals that favor experienced operators who can absorb the risk $162K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $162K asset, 43547 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 43547 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Meanwhile, 616 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Neapolis's stable or hybrid ZIPs before stepping into 43547. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Neapolis:
Market Trends
Home Value History (with trend line)
📊 How Does 43547 Compare?
| Metric | 43547 | Neapolis | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $162,433 | $162,433 | N/A | $237,530 |
| 5-Year CAGR | 2.4% | 2.4% | N/A | 7.4% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43547 (Neapolis, OH). Anonymous, moderated, never written by AI.
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Property managers serving Lucas County
Manage rentals here? List your business →Flex Realty Property Management has been providing high quality and personal property management services in Toledo, Ohio since 1991. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $162,433 |
| Monthly Rent | $981 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +15.3% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (4.7%). 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 43547
Population: 616
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
Where do rents currently stand in Neapolis, OH?
Investors in Neapolis, OH typically see rents near $981/mo per month against $162K home values - a solid setup for rental cash flow.
How strong is the working-renter base in Neapolis, OH?
Tenant demand in Neapolis, OH is solid. The local workforce $981/mo rents across most rental classes.
How high is vacancy risk in Neapolis, OH?
Neapolis, OH carries elevated vacancy risk. Expect steady absorption at market rents of $981/mo.
Is Neapolis, OH better for rentals, flips, or BRRRR?
Neapolis, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($162K prices, $981/mo rents) make it a reasonable choice.
Is real estate in Neapolis, OH a good investment right now?
Neapolis, OH scores 3.0/5 for investability. Home values sit at $162K and rents near $981/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 43547 now. You don’t know where it ranks.
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How 43547 ranks in Toledo, OH
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