Real Estate Investing in Morristown, Ohio (43759)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43759 (Morristown, 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: 37.9% of homes vacant — above national norms.
- Higher unemployment: 14.0% unemployment — tenant risk signal.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Morristown, OH (43759)?
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Market Analysis: 43759 Morristown
Investors eyeing 43759 need to respect the fundamentals at play. Home values of $117K come alongside slower price movement and elevated management overhead.
Rent of $963/mo on a $117K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 43759 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 43759 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 43759 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Morristown's stable or hybrid ZIPs before stepping into 43759. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Morristown:
Market Trends
Home Value History (with trend line)
📊 How Does 43759 Compare?
| Metric | 43759 | Morristown | Wheeling, WV-OH | Ohio |
|---|---|---|---|---|
| Home Value | $116,617 | $116,617 | N/A | $237,530 |
| 5-Year CAGR | 1.6% | 1.6% | N/A | 7.4% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 6.4% | 6.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43759 (Morristown, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $116,617 |
| Monthly Rent | $963 |
| Price-to-Rent | 10.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.9% |
| Cap Rate | 6.4% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +1.6% ▲ |
| 10-Year CAGR | +3.0% ▲ |
🏠 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 (6.4%). 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 43759
Population: 224
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the average monthly rent in Morristown, OH?
Rent in Morristown, OH is around $963/mo. The resulting rent-to-value relationship with $117K pricing is reasonable for most investor models.
What is the median home value in Morristown, OH?
Typical homes in Morristown, OH go for around $117K. The 5-year CAGR of 0.0% stable price movement.
How tight is the rental market in Morristown, OH?
Morristown, OH carries elevated vacancy risk. Expect even-keeled absorption at market rents of $963/mo.
Is Morristown, OH suited for a house hack?
For house hackers, Morristown, OH is a challenging. The $963/mo rent on a unit helps defray the mortgage on a $117K property.
Is Morristown, OH a good market for buy-and-hold investors?
Our data puts Morristown, OH at 3.0/5 for investability. Home prices of $117K and rents around $963/mo create a solid backdrop for investor activity.
You know 43759 now. You don’t know where it ranks.
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How 43759 ranks in Wheeling, WV-OH
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