Real Estate Investing in Somerset, Ohio (43783)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43783 (Somerset, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 26.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Somerset, OH (43783)?
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Market Analysis: 43783 Somerset
ZIP 43783 in Somerset, OH carries a substantial set of headwinds. Home values near $307K and rents of $981/mo sit inside a market where underwriting has to be tight.
Rent of $981/mo on a $307K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 43783 sits below the stated 0.0% once reality is priced in.
Within OH, ZIP 43783 trails on several market indicators that neighboring Perry County submarkets outperform. The gap is real and significant enough to shape underwriting.
Who lives in 43783 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 43783 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Somerset:
Property Strategy for 43783
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $263,124 | $1,090 | 3.0% | +10.2% | $131,562 |
| 3BR | $336,384 | $1,350 | 2.9% | +9.6% | $112,128 |
| 4BR | $353,133 | $1,600 | 3.3% | +10.1% | $88,283 |
Market Trends
Home Value History (with trend line)
📊 How Does 43783 Compare?
| Metric | 43783 | Somerset | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $307,141 | $307,141 | N/A | $237,530 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.4% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43783 (Somerset, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $307,141 |
| Monthly Rent | $981 |
| Price-to-Rent | 26.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (2.5%). 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 43783
Population: 5,031
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 43783
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
What investment strategy works best in Somerset, OH?
A careful cash-flow rentals with hands-on management strategy Somerset, OH best. The market produces even-keeled results for that approach at the $307K price point.
What are home prices like in Somerset, OH?
In Somerset, OH the median home value sits at $307K. Against the broader OH market, that reads as reasonable for most investors.
What do rentals go for in Somerset, OH?
Rents in Somerset, OH run near $981/mo. Compared with median home prices of $307K that produces solid gross yields for typical rentals.
Is house hacking profitable in Somerset, OH?
The a challenging house-hack environment in Somerset, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Somerset, OH a good place for real estate investing?
With a 3.0/5 investability score, Somerset, OH ranks as a solid market for rental property investors. Median prices of $307K and rents of $981/mo drive the underlying numbers.
You know 43783 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 43783 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 43783 ranks in Columbus, OH
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