Real Estate Investing in Adena, Ohio (43901)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43901 (Adena, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.7% 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 Adena, OH (43901)?
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Market Analysis: 43901 Adena
Not every below-median market is a bargain. Adena's 43901 ZIP records signals that favor experienced operators who can absorb the risk $113K pricing implies.
For an experienced owner, 43901 can be a a strong candidate for hunting ground — but the discount at $113K reflects genuine risk that outside investors often underestimate.
On balance, 43901 offers a low basis, the region around Adena has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 43901 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 43901 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 Adena:
Property Strategy for 43901
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $74,796 | $1,100 | 10.6% | +4.1% | $37,398 |
| 3BR | $145,236 | $1,450 | 7.2% | +5.5% | $48,412 |
Market Trends
Home Value History (with trend line)
📊 How Does 43901 Compare?
| Metric | 43901 | Adena | Ohio |
|---|---|---|---|
| Home Value | $113,052 | $113,052 | $237,530 |
| 5-Year CAGR | 3.8% | 3.8% | 7.4% |
| Avg Rent | $990 | $990 | - |
| Cap Rate | 6.8% | 6.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43901 (Adena, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $113,052 |
| Monthly Rent | $990 |
| Price-to-Rent | 9.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.5% |
| Cap Rate | 6.8% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.8%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 43901
Population: 2,159
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 43901
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 916 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Adena, OH?
The median home value in Adena, OH is roughly $113K. That puts it reasonable relative to the OH statewide average.
Can I house hack in Adena, OH?
Adena, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $990/mo rent level.
What strategy should investors use in Adena, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Adena, OH. With home values at $113K and rents near $990/mo, other strategies can work but produce even-keeled rather than outsized returns.
Is OH a landlord-friendly state?
Landlord-friendliness in Adena, OH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the tenant pool like in Adena, OH?
Expect a solid tenant pool in Adena, OH. The rental market absorbs $990/mo rents without meaningful friction.
You know 43901 now. You don’t know where it ranks.
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