Real Estate Investing in Port Washington, Ohio (43837)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43837 (Port Washington, 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.
- High vacancy: 14.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Port Washington, OH (43837)?
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Market Analysis: 43837 Port Washington
Not every below-median market is a bargain. Port Washington's 43837 ZIP clocks in at signals that favor experienced operators who can absorb the risk $223K pricing implies.
Rent of $999/mo on a $223K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 43837 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 43837 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 43837 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 43837 is an operator game, not a passive one. In practical terms, entry prices of $223K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Port Washington:
Market Trends
Home Value History (with trend line)
📊 How Does 43837 Compare?
| Metric | 43837 | Port Washington | New Philadelphia-Dover, OH | Ohio |
|---|---|---|---|---|
| Home Value | $222,780 | $222,780 | N/A | $237,530 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 7.4% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43837 (Port Washington, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $222,780 |
| Monthly Rent | $999 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (3.5%). 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 43837
Population: 1,819
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 43837
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 673 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of tenants rent in Port Washington, OH?
Tenant quality in Port Washington, OH ranks as solid. Landlords generally report even-keeled occupancy at market rents of $999/mo.
Is Port Washington, OH suited for a house hack?
The a challenging house-hack environment in Port Washington, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Where do home prices stand in Port Washington, OH?
Port Washington, OH home values average about $223K. That price point suits investors targeting rentals with $999/mo in monthly income.
What is the average monthly rent in Port Washington, OH?
Expect rents around $999/mo per month in Port Washington, OH. With home values at $223K, the yield math works out to reasonable levels for rental investors.
Are there empty rentals in Port Washington, OH?
Port Washington, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
You know 43837 now. You don’t know where it ranks.
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How 43837 ranks in New Philadelphia-Dover, OH
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