Real Estate Investing in Newcomerstown, Ohio (43832)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43832 (Newcomerstown, 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.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
- Higher unemployment: 8.4% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Newcomerstown, OH (43832)?
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Market Analysis: 43832 Newcomerstown
ZIP 43832 in Newcomerstown, OH carries a resilient set of headwinds. Home values near $163K and rents of $873/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 43832 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader OH picture, 43832 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 43832 includes headwinds that any investor should price in. Income distribution skews lower than Newcomerstown averages, and tenant stability requires active management.
Strategically, 43832 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Newcomerstown:
Property Strategy for 43832
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $124,916 | $970 | 5.6% | +8.4% | $62,458 |
| 3BR | $177,566 | $1,250 | 5.1% | +6.7% | $59,189 |
| 4BR | $206,209 | $1,460 | 5.1% | +7.7% | $51,552 |
Market Trends
Home Value History (with trend line)
📊 How Does 43832 Compare?
| Metric | 43832 | Newcomerstown | New Philadelphia-Dover, OH | Ohio |
|---|---|---|---|---|
| Home Value | $162,781 | $162,781 | N/A | $237,530 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43832 (Newcomerstown, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $162,781 |
| Monthly Rent | $873 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (4.2%). 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 43832
Population: 7,088
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 43832
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
How do home values compare in Newcomerstown, OH?
In Newcomerstown, OH the median home value sits at $163K. Against the broader OH market, that reads as reasonable for most investors.
Where do rents currently stand in Newcomerstown, OH?
The typical rental in Newcomerstown, OH commands about $873/mo monthly. That rent profile predictable cash flow against the $163K purchase basis.
Which real estate strategy fits Newcomerstown, OH?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Newcomerstown, OH. The numbers - $163K homes against $873/mo rents - support that play.
Can owner-occupants cash flow in Newcomerstown, OH?
Newcomerstown, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $163K price point reasonable to enter.
Is OH a landlord-friendly state?
The landlord environment in Newcomerstown, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 43832 now. You don’t know where it ranks.
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How 43832 ranks in New Philadelphia-Dover, OH
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