Real Estate Investing in Mingo Junction, Ohio (43938)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43938 (Mingo Junction, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 14.0% of homes vacant — above national norms.
- Elevated poverty: 25.2% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mingo Junction, OH (43938)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43938 Mingo Junction
Homes in the 43938 ZIP trade near $93K, a discount that has historically rewarded investors willing to renovate. Rent comps near $981/mo support the pro forma.
The worth a close look for angle here is forced equity, not market equity. ZIP 43938 rewards investors who can execute on scope, timeline, and tenant turnover.
In Jefferson County, 43938 is part of the operational map, not the passive one. The spread between median price and renovated comp reflects the work available.
Demographically, 43938 is a working ZIP — not a luxury market. That profile is exactly what value-add operators need in order to price their renovated product correctly.
The durable opportunity in 43938 is buying the worst house on the block, fixing it, and renting it at the top of the local band. That is the strategy, repeated.
Here's what matters if you're considering buying a home in Mingo Junction:
Property Strategy for 43938
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $64,431 | $1,090 | 12.2% | +5.9% | $32,216 |
| 3BR | $115,949 | $1,440 | 8.9% | +7.2% | $38,650 |
| 4BR | $126,069 | $1,660 | 9.5% | +6.7% | $31,517 |
Market Trends
Home Value History (with trend line)
📊 How Does 43938 Compare?
| Metric | 43938 | Mingo Junction | Ohio |
|---|---|---|---|
| Home Value | $93,424 | $93,424 | $237,530 |
| 5-Year CAGR | 5.2% | 5.2% | 7.4% |
| Avg Rent | $981 | $981 | - |
| Cap Rate | 8.2% | 8.2% | - |
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 43938 (Mingo Junction, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 43938 (Mingo Junction, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $93,424 |
| Monthly Rent | $981 |
| Price-to-Rent | 7.9:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.6% |
| Cap Rate | 8.2% |
| 5-Year IRR | 13.4% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.2%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 43938
Population: 5,448
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 43938
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 7,197 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the smart move for investors in Mingo Junction, OH?
Most investors in Mingo Junction, OH run a value-add and BRRRR deals strategy. It aligns with the 5.0/5 investability profile and the market fundamentals.
Can I house hack in Mingo Junction, OH?
Mingo Junction, OH is a an attractive market for house hackers. FHA or conventional owner-occupant buyers find the $93K price point reasonable to enter.
Does Mingo Junction, OH make sense for an investment property?
The 5.0/5 investability rating in Mingo Junction, OH reflects its $93K prices and $981/mo rents. Investors generally consider it a solid option within OH.
What are home prices like in Mingo Junction, OH?
Median home price in Mingo Junction, OH is near $93K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
How much rent can I charge in Mingo Junction, OH?
Rents in Mingo Junction, OH run near $981/mo. Compared with median home prices of $93K that produces solid gross yields for typical rentals.
You know 43938 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 43938 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 43938 ranks in Weirton-Steubenville, WV-OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 43938 (Mingo Junction)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 43938 (Mingo Junction, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.