Real Estate Investing in Ashtabula, Ohio (44004)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44004 (Ashtabula, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.6% of homes vacant — above national norms.
What’s happening in Ashtabula, OH (44004)?
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Market Analysis: 44004 Ashtabula
Not every below-median market is a bargain. Ashtabula's 44004 ZIP stands at signals that favor experienced operators who can absorb the risk $158K pricing implies.
The investment case in 44004 is sturdy only for operators who understand what they are buying. A $158K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 44004 sits on the difficult end of the OH spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
From an investor standpoint, 31,076 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 44004 is an operator game, not a passive one. From an investor standpoint, entry prices of $158K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Ashtabula:
Property Strategy for 44004
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $93,959 | $810 | 6.2% | +9.4% | $93,959 |
| 2BR | $129,641 | $1,000 | 5.6% | +10.8% | $64,821 |
| 3BR | $158,361 | $1,210 | 5.5% | +9.6% | $52,787 |
| 4BR | $180,082 | $1,380 | 5.5% | +9.3% | $45,021 |
| 5BR | $240,556 | — | — | +10.5% | $48,111 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44004 Compare?
| Metric | 44004 | Ashtabula | Ashtabula, OH | Ohio |
|---|---|---|---|---|
| Home Value | $157,591 | $78,795 | N/A | $237,530 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 7.4% |
| Avg Rent | $850 | $850 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
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 44004 (Ashtabula, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $157,591 |
| Monthly Rent | $850 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (4.2%). 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 44004
Population: 31,076
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 44004
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 684 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Ashtabula, OH?
Ashtabula, OH median home values land near $158K. That is reasonable territory for investors looking at $850/mo-per-month rentals.
How strong is the working-renter base in Ashtabula, OH?
Tenant demand in Ashtabula, OH is solid. The local workforce $850/mo rents across most rental classes.
Is rental property easy to operate in Ashtabula, OH?
Landlord-friendliness in Ashtabula, OH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Ashtabula, OH good for house hacking?
The house hack math a challenging in Ashtabula, OH. Owner-occupant buyers benefit from the $850/mo rents and $158K home values.
How much rent can I charge in Ashtabula, OH?
Rents in Ashtabula, OH run near $850/mo. Compared with median home prices of $158K that produces solid gross yields for typical rentals.
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