Real Estate Investing in Hammondsville, Ohio (43930)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43930 (Hammondsville, 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: 16.6% 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 Hammondsville, OH (43930)?
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Market Analysis: 43930 Hammondsville
This part of Jefferson County is not an easy win. The 43930 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $196K asset, 43930 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 43930 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 43930 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 43930 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 Hammondsville:
Market Trends
Home Value History (with trend line)
📊 How Does 43930 Compare?
| Metric | 43930 | Hammondsville | Ohio |
|---|---|---|---|
| Home Value | $196,081 | $196,081 | $237,530 |
| 5-Year CAGR | 5.1% | 5.1% | 7.4% |
| Avg Rent | $963 | $963 | - |
| Cap Rate | 3.8% | 3.8% | - |
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 43930 (Hammondsville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $196,081 |
| Monthly Rent | $963 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 43930
Population: 1,090
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 43930
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 7,242 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Hammondsville, OH for real estate investors?
Hammondsville, OH scores 3.0/5 for investability. Home values sit at $196K and rents near $963/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How landlord-friendly is Hammondsville, OH?
The landlord environment in Hammondsville, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the typical rental rate in Hammondsville, OH?
Investors in Hammondsville, OH typically see rents near $963/mo per month against $196K home values - a solid setup for rental cash flow.
What real estate strategy is ideal for Hammondsville, OH?
Hammondsville, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($196K prices, $963/mo rents) make it a reasonable choice.
Is vacancy a concern in Hammondsville, OH?
Expect elevated vacancy in Hammondsville, OH. Rents at $963/mo are absorbed by the tenant base without meaningful lag.
You know 43930 now. You don’t know where it ranks.
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How 43930 ranks in Weirton-Steubenville, WV-OH
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