Real Estate Investing in New Lexington, Ohio (43764)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43764 (New Lexington, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in New Lexington, OH (43764)?
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Market Analysis: 43764 New Lexington
Meanwhile, ZIP 43764 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $185K median. It rewards specialists, not generalists.
The 43764 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 43764 and stronger New Lexington ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 43764 ZIP's population of 7,971 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Experienced landlords with local relationships tend to find 43764 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in New Lexington:
Property Strategy for 43764
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $132,643 | $820 | 4.5% | +6.9% | $132,643 |
| 2BR | $152,772 | $1,010 | 4.8% | +9.7% | $76,386 |
| 3BR | $215,025 | $1,250 | 4.2% | +8.9% | $71,675 |
| 4BR | $214,235 | $1,480 | 5.0% | +8.4% | $53,559 |
Market Trends
Home Value History (with trend line)
📊 How Does 43764 Compare?
| Metric | 43764 | New Lexington | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $185,134 | $185,134 | N/A | $237,530 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.4% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43764 (New Lexington, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,134 |
| Monthly Rent | $909 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (3.8%). 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 43764
Population: 7,971
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 43764
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.
Frequently Asked Questions
Where do rents currently stand in New Lexington, OH?
Investors in New Lexington, OH typically see rents near $909/mo per month against $185K home values - a solid setup for rental cash flow.
What is the typical vacancy rate in New Lexington, OH?
Occupancy in New Lexington, OH runs predictable with elevated vacancy. Well-priced units at $909/mo lease on reasonable timelines.
Does New Lexington, OH make sense for an investment property?
With a 3.0/5 investability score, New Lexington, OH ranks as a solid market for rental property investors. Median prices of $185K and rents of $909/mo drive the underlying numbers.
What is the best play in New Lexington, OH?
New Lexington, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($185K prices, $909/mo rents) make it a reasonable choice.
How much does a house cost in New Lexington, OH?
In New Lexington, OH the median home value sits at $185K. Against the broader OH market, that reads as reasonable for most investors.
You know 43764 now. You don’t know where it ranks.
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How 43764 ranks in Columbus, OH
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