Real Estate Investing in Bellaire, Ohio (43906)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43906 (Bellaire, 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: 20.0% 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 Bellaire, OH (43906)?
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Market Analysis: 43906 Bellaire
This part of Belmont County is not an easy win. The 43906 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $873/mo on a $96K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 43906 sits below the stated 0.0% once reality is priced in.
ZIP 43906's metrics run below Belmont County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 43906 ZIP's population of 7,888 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 right play in 43906 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 Bellaire:
Property Strategy for 43906
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $65,068 | $970 | 10.7% | +2.0% | $32,534 |
| 3BR | $132,778 | $1,250 | 6.8% | +4.3% | $44,259 |
| 4BR | $130,802 | $1,390 | 7.7% | +2.8% | $32,700 |
Market Trends
Home Value History (with trend line)
📊 How Does 43906 Compare?
| Metric | 43906 | Bellaire | Wheeling, WV-OH | Ohio |
|---|---|---|---|---|
| Home Value | $96,339 | $96,339 | N/A | $237,530 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 7.1% | 7.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43906 (Bellaire, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $96,339 |
| Monthly Rent | $873 |
| Price-to-Rent | 9.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.9% |
| Cap Rate | 7.1% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.1%). 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 43906
Population: 7,888
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 43906
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
Are landlord laws favorable in Bellaire, OH?
OH law landlord-friendly for landlords, and Bellaire inherits those rules. Investors should still review local ordinances for rental licensing.
Is it easy to find good tenants in Bellaire, OH?
Bellaire, OH draws a measured base of working renters. Demand at the $873/mo rent level is reasonable for standard single-family and small multi rentals.
Is vacancy a concern in Bellaire, OH?
Bellaire, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
Does house hacking work in Bellaire, OH?
The house hack math a challenging in Bellaire, OH. Owner-occupant buyers benefit from the $873/mo rents and $96K home values.
What is the median home value in Bellaire, OH?
The median home value in Bellaire, OH is roughly $96K. That puts it reasonable relative to the OH statewide average.
You know 43906 now. You don’t know where it ranks.
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How 43906 ranks in Wheeling, WV-OH
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