Real Estate Investing in Chardon, Ohio (44024)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44024 (Chardon, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Chardon, OH (44024)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44024 Chardon
ZIP 44024 inside Geauga County looks affordable on the surface — median value of $378K — but the discount exists for reasons that a careful buyer should understand before committing.
The 44024 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 44024 and stronger Chardon ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 44024 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 44024 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Chardon:
Property Strategy for 44024
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $220,161 | $1,350 | 4.4% | +7.4% | $110,081 |
| 3BR | $327,630 | $1,740 | 3.8% | +7.5% | $109,210 |
| 4BR | $449,040 | $1,860 | 3.0% | +7.4% | $112,260 |
| 5BR | $520,573 | — | — | +7.5% | $104,115 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44024 Compare?
| Metric | 44024 | Chardon | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $378,106 | $378,106 | N/A | $237,530 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.4% |
| Avg Rent | $1,823 | $1,823 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 44024 (Chardon, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $378,106 |
| Monthly Rent | $1,823 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 44024
Population: 24,376
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 44024
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 2,786 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do experienced investors play Chardon, OH?
The best-fit strategy in Chardon, OH is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Does Chardon, OH favor landlords or tenants?
Chardon, OH operates under OH law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
How much rent can I charge in Chardon, OH?
Chardon, OH rentals go for roughly $1,823/mo a month. That puts gross yield in solid territory relative to $378K acquisition costs.
Can I live-in-and-rent in Chardon, OH?
House hacking in Chardon, OH is a challenging. With home values around $378K and rents at $1,823/mo, owner-occupants can offset a meaningful share of PITI.
What kind of vacancy should I budget for in Chardon, OH?
Chardon, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 44024 now. You don’t know where it ranks.
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How 44024 ranks in Cleveland-Elyria, OH
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