Real Estate Investing in Columbia Station, Ohio (44028)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44028 (Columbia Station, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Columbia Station, OH (44028)?
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Market Analysis: 44028 Columbia Station
The 44028 ZIP in Columbia Station, OH is a local-operator market. Outside capital chasing a $413K entry has to pair deep knowledge with the discount.
Stepping back, the numbers look inviting — $413K purchase price, 0.0% nominal cap — the work to hit that pro forma in 44028 is substantial and deserves full respect.
In the broader OH picture, 44028 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 44028 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 44028 is an operator game, not a passive one. From a cash-flow lens, entry prices of $413K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Columbia Station:
Property Strategy for 44028
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $244,762 | $1,890 | 5.6% | +7.3% | $122,381 |
| 3BR | $326,196 | $2,430 | 5.4% | +7.4% | $108,732 |
| 4BR | $484,679 | $2,600 | 3.9% | +8.4% | $121,170 |
| 5BR | $559,507 | — | — | +8.2% | $111,901 |
Market Trends
Home Value History (with trend line)
📊 How Does 44028 Compare?
| Metric | 44028 | Columbia Station | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $412,648 | $412,648 | N/A | $237,530 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.4% |
| Avg Rent | $1,701 | $1,701 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 44028 (Columbia Station, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $412,648 |
| Monthly Rent | $1,701 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (3.2%). 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 44028
Population: 9,313
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 44028
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 2,728 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Columbia Station, OH?
Rents in Columbia Station, OH run near $1,701/mo. Compared with median home prices of $413K that produces solid gross yields for typical rentals.
What strategy should investors use in Columbia Station, OH?
A careful cash-flow rentals with hands-on management strategy Columbia Station, OH best. The market produces even-keeled results for that approach at the $413K price point.
Is Columbia Station, OH a good place for real estate investing?
Columbia Station, OH reports an investability rating of 3.0/5, with median home values near $413K and average rents around $1,701/mo. That combination puts it in the healthy tier for investor interest.
Do landlords face vacancy issues in Columbia Station, OH?
Rental vacancy in Columbia Station, OH is elevated. Investors should budget normal turnover but not chronic empty units.
Can I house hack in Columbia Station, OH?
Columbia Station, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,701/mo rent level.
You know 44028 now. You don’t know where it ranks.
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How 44028 ranks in Cleveland-Elyria, OH
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