Real Estate Investing in Dresden, Ohio (43821)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43821 (Dresden, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Dresden, OH (43821)?
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Market Analysis: 43821 Dresden
Investors eyeing 43821 need to respect the fundamentals at play. Home values of $226K come alongside slower price movement and elevated management overhead.
Looking more closely, the numbers look inviting — $226K purchase price, 0.0% nominal cap — the work to hit that pro forma in 43821 is substantial and deserves full respect.
Nearby ZIPs in Dresden have seen price recovery that 43821 has not matched. Muskingum County data supports the view that the spread is structural rather than temporary.
On the rental side, 4,282 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 43821 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 Dresden:
Property Strategy for 43821
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $183,818 | $1,090 | 4.3% | +9.4% | $91,909 |
| 3BR | $242,079 | $1,480 | 4.4% | +6.5% | $80,693 |
| 4BR | $296,189 | $1,650 | 4.0% | +7.1% | $74,047 |
Market Trends
Home Value History (with trend line)
📊 How Does 43821 Compare?
| Metric | 43821 | Dresden | Zanesville, OH | Ohio |
|---|---|---|---|---|
| Home Value | $225,539 | $225,539 | N/A | $237,530 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.4% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43821 (Dresden, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $225,539 |
| Monthly Rent | $981 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (3.4%). 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 43821
Population: 4,282
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 43821
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 683 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How quickly do rentals get leased in Dresden, OH?
Dresden, OH carries elevated vacancy risk. Expect stable absorption at market rents of $981/mo.
Where do home prices stand in Dresden, OH?
Dresden, OH median home values land near $226K. That is reasonable territory for investors looking at $981/mo-per-month rentals.
How much do tenants pay in Dresden, OH?
Expect rents around $981/mo per month in Dresden, OH. With home values at $226K, the yield math works out to reasonable levels for rental investors.
Is Dresden, OH landlord-friendly?
OH law landlord-friendly for landlords, and Dresden inherits those rules. Investors should still review local ordinances for rental licensing.
How does Dresden, OH rate as a rental market?
Dresden, OH scores 3.0/5 for investability. Home values sit at $226K and rents near $981/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 43821 now. You don’t know where it ranks.
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How 43821 ranks in Zanesville, OH
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