Real Estate Investing in Baltic, Ohio (43804)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43804 (Baltic, OH)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 30.2 — 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 Baltic, OH (43804)?
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Market Analysis: 43804 Baltic
ZIP 43804 inside Holmes County looks affordable on the surface — median value of $359K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 43804 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 43804 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 43804 ZIP's population of 3,503 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
The 43804 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Baltic:
Property Strategy for 43804
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 4BR | $375,741 | $1,540 | 3.0% | +8.9% | $93,935 |
| 5BR | $495,217 | — | — | +8.5% | $99,043 |
Market Trends
Home Value History (with trend line)
📊 How Does 43804 Compare?
| Metric | 43804 | Baltic | New Philadelphia-Dover, OH | Ohio |
|---|---|---|---|---|
| Home Value | $358,897 | $358,897 | N/A | $237,530 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 7.4% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43804 (Baltic, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $358,897 |
| Monthly Rent | $990 |
| Price-to-Rent | 30.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (2.2%). 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 43804
Population: 3,503
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 43804
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
Should investors consider Baltic, OH?
Baltic, OH posts an investability rating of 3.0/5, with median home values near $359K and average rents around $990/mo. That combination puts it in the robust tier for investor interest.
What is the tenant pool like in Baltic, OH?
Working renters make up the core of the Baltic, OH tenant base. The pool is reasonable for investors targeting long-term holds.
What strategy should investors use in Baltic, OH?
Most investors in Baltic, OH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How high is vacancy risk in Baltic, OH?
Vacancy in Baltic, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $990/mo.
How do landlord-tenant laws work in Baltic, OH?
Landlord-friendliness in Baltic, OH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 43804 now. You don’t know where it ranks.
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How 43804 ranks in New Philadelphia-Dover, OH
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