Real Estate Investing in Piedmont, Ohio (43983)
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Should you buy in 43983 (Piedmont, 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: 60.8% of homes vacant — above national norms.
- Elevated poverty: 45.9% poverty rate — can affect rent collection.
- Lower household income: $37,500 median — tenant affordability is tighter.
• 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 Piedmont, OH (43983)?
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Market Analysis: 43983 Piedmont
The 43983 ZIP in Piedmont, OH is a local-operator market. Outside capital chasing a $115K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 43983 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 43983 sits on the difficult end of the OH spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 43983 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 43983 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 Piedmont:
Property Strategy for 43983
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $114,359 | $1,080 | 6.8% | +4.7% | $57,179 |
| 3BR | $157,299 | $1,400 | 6.4% | +4.0% | $52,433 |
Market Trends
Home Value History (with trend line)
📊 How Does 43983 Compare?
| Metric | 43983 | Piedmont | Wheeling, WV-OH | Ohio |
|---|---|---|---|---|
| Home Value | $115,459 | $115,459 | N/A | $237,530 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 7.4% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 6.6% | 6.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43983 (Piedmont, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $115,459 |
| Monthly Rent | $972 |
| Price-to-Rent | 9.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.1% |
| Cap Rate | 6.6% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (6.6%). 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 43983
Population: 651
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
How do experienced investors play Piedmont, OH?
For Piedmont, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How deep is the rental pool in Piedmont, OH?
Working renters make up the core of the Piedmont, OH tenant base. The pool is reasonable for investors targeting long-term holds.
How much is rent in Piedmont, OH?
Rental rates in Piedmont, OH average $972/mo. Tenant demand and $115K home values make the yield look reasonable by investor standards.
Is Piedmont, OH suited for a house hack?
House hacking works a challenging in Piedmont, OH. Rents of $972/mo against $115K acquisition make the strategy solid for owner-occupants.
How tight is the rental market in Piedmont, OH?
Piedmont, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
You know 43983 now. You don’t know where it ranks.
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How 43983 ranks in Wheeling, WV-OH
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