Real Estate Investing in Hopedale, Ohio (43976)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43976 (Hopedale, 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: 12.9% 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 Hopedale, OH (43976)?
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Market Analysis: 43976 Hopedale
Not every below-median market is a bargain. Hopedale's 43976 ZIP stands at signals that favor experienced operators who can absorb the risk $154K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 43976 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 43976 and stronger Hopedale ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 43976 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 43976 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Hopedale:
Market Trends
Home Value History (with trend line)
📊 How Does 43976 Compare?
| Metric | 43976 | Hopedale | Ohio |
|---|---|---|---|
| Home Value | $153,812 | $153,812 | $237,530 |
| 5-Year CAGR | 3.7% | 3.7% | 7.4% |
| Avg Rent | $1,071 | $1,071 | - |
| Cap Rate | 5.4% | 5.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43976 (Hopedale, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $153,812 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.4% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (5.4%). 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 43976
Population: 1,432
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
Investor Insight: With 7,033 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Hopedale, OH?
Average rent in Hopedale, OH is approximately $1,071/mo per month. Against $154K home values that yields a reasonable rent-to-price ratio.
Is Hopedale, OH landlord-friendly?
OH law landlord-friendly for landlords, and Hopedale inherits those rules. Investors should still review local ordinances for rental licensing.
What is the typical home price in Hopedale, OH?
In Hopedale, OH the median home value sits at $154K. Against the broader OH market, that reads as reasonable for most investors.
What type of investing works in Hopedale, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Hopedale, OH. With home values at $154K and rents near $1,071/mo, other strategies can work but produce reliable rather than outsized returns.
How strong is the working-renter base in Hopedale, OH?
Tenant demand in Hopedale, OH is solid. The local workforce $1,071/mo rents across most rental classes.
You know 43976 now. You don’t know where it ranks.
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