Real Estate Investing in Grafton, Ohio (44044)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44044 (Grafton, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Grafton, OH (44044)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44044 Grafton
ZIP 44044 inside Lorain County looks affordable on the surface — median value of $321K — but the discount exists for reasons that a careful buyer should understand before committing.
Looking more closely, the numbers look inviting — $321K purchase price, 0.0% nominal cap — the work to hit that pro forma in 44044 is substantial and deserves full respect.
The gap between 44044 and stronger Grafton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Looking more closely, 14,422 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.
Experienced landlords with local relationships tend to find 44044 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 Grafton:
Property Strategy for 44044
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $223,880 | $1,260 | 4.1% | +8.5% | $111,940 |
| 3BR | $284,360 | $1,620 | 4.1% | +8.2% | $94,787 |
| 4BR | $383,425 | $1,730 | 3.2% | +8.2% | $95,856 |
| 5BR | $462,055 | — | — | +8.5% | $92,411 |
Market Trends
Home Value History (with trend line)
📊 How Does 44044 Compare?
| Metric | 44044 | Grafton | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $320,910 | $320,910 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.4% |
| Avg Rent | $1,134 | $1,134 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 44044 (Grafton, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $320,910 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 23.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (2.8%). 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 44044
Population: 14,422
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 44044
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 2,672 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the smart move for investors in Grafton, OH?
Most investors in Grafton, OH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Grafton, OH suited for a house hack?
The a challenging house-hack environment in Grafton, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are there empty rentals in Grafton, OH?
Grafton, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
What price range are homes in Grafton, OH?
Median home price in Grafton, OH is near $321K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
How strong are rents in Grafton, OH?
The typical rental in Grafton, OH commands about $1,134/mo monthly. That rent profile predictable cash flow against the $321K purchase basis.
You know 44044 now. You don’t know where it ranks.
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How 44044 ranks in Cleveland-Elyria, OH
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