Real Estate Investing in Freeport, Ohio (43973)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43973 (Freeport, OH)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 35.5% 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 Freeport, OH (43973)?
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Market Analysis: 43973 Freeport
This part of Harrison County is not an easy win. The 43973 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 43973 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Freeport have seen price recovery that 43973 has not matched. Harrison County data supports the view that the spread is structural rather than temporary.
Demographically, 43973 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.
New investors are better served looking at Freeport's stable or hybrid ZIPs before stepping into 43973. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Freeport:
Market Trends
Home Value History (with trend line)
📊 How Does 43973 Compare?
| Metric | 43973 | Freeport | Cambridge, OH | Ohio |
|---|---|---|---|---|
| Home Value | $175,485 | $175,485 | N/A | $237,530 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 7.4% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43973 (Freeport, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $175,485 |
| Monthly Rent | $927 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (4.1%). 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 43973
Population: 2,341
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 43973
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.
Frequently Asked Questions
What price range are homes in Freeport, OH?
The median home value in Freeport, OH is roughly $175K. That puts it reasonable relative to the OH statewide average.
Is the tenant base reliable in Freeport, OH?
The renter base in Freeport, OH is reasonable for the $927/mo price point. Screening well and pricing to market typically yields consistent tenants.
Is rental property easy to operate in Freeport, OH?
The landlord environment in Freeport, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What real estate strategy is ideal for Freeport, OH?
For Freeport, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Can I live-in-and-rent in Freeport, OH?
The house hack math a challenging in Freeport, OH. Owner-occupant buyers benefit from the $927/mo rents and $175K home values.
You know 43973 now. You don’t know where it ranks.
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How 43973 ranks in Cambridge, OH
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