Real Estate Investing in Summerfield, Ohio (43788)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43788 (Summerfield, OH)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.6% of homes vacant — above national norms.
- Lower household income: $29,375 median — tenant affordability is tighter.
• 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 Summerfield, OH (43788)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43788 Summerfield
This part of Noble County is not an easy win. The 43788 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Put differently, the numbers look inviting — $179K purchase price, 0.0% nominal cap — the work to hit that pro forma in 43788 is substantial and deserves full respect.
Regionally, 43788 sits on the difficult end of the OH spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Turning to rents, 615 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.
Strategy in 43788 is an operator game, not a passive one. On balance, entry prices of $179K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Summerfield:
Market Trends
Home Value History (with trend line)
📊 How Does 43788 Compare?
| Metric | 43788 | Summerfield | Ohio |
|---|---|---|---|
| Home Value | $179,179 | $179,179 | $237,530 |
| 5-Year CAGR | 3.9% | 3.9% | 7.4% |
| Avg Rent | $936 | $936 | - |
| Cap Rate | 4.1% | 4.1% | - |
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 43788 (Summerfield, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 43788 (Summerfield, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $179,179 |
| Monthly Rent | $936 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.1%). 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 43788
Population: 615
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
Frequently Asked Questions
How strong are rents in Summerfield, OH?
Investors in Summerfield, OH typically see rents near $936/mo per month against $179K home values - a solid setup for rental cash flow.
Is housing expensive in Summerfield, OH?
Summerfield, OH home values average about $179K. That price point suits investors targeting rentals with $936/mo in monthly income.
Are there empty rentals in Summerfield, OH?
Vacancy in Summerfield, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $936/mo.
Is Summerfield, OH better for rentals, flips, or BRRRR?
For Summerfield, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How strong is Summerfield, OH for real estate investors?
Summerfield, OH scores 3.0/5 for investability. Home values sit at $179K and rents near $936/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 43788 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 43788 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.
AI Market Advisor
Ask questions about investing in 43788 (Summerfield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 43788 (Summerfield, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.