Real Estate Investing in Jefferson, Ohio (44047)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44047 (Jefferson, 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.
- Elevated vacancy: 9.6% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Jefferson, OH (44047)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44047 Jefferson
ZIP 44047 inside Ashtabula County looks affordable on the surface — median value of $234K — but the discount exists for reasons that a careful buyer should understand before committing.
Put differently, the numbers look inviting — $234K purchase price, 0.0% nominal cap — the work to hit that pro forma in 44047 is substantial and deserves full respect.
The gap between 44047 and stronger Jefferson ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 44047 includes headwinds that any investor should price in. Income distribution skews lower than Jefferson averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 44047 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 Jefferson:
Property Strategy for 44047
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $149,743 | $1,160 | 5.6% | +8.9% | $74,871 |
| 3BR | $228,155 | $1,410 | 4.4% | +8.9% | $76,052 |
| 4BR | $266,645 | $1,600 | 4.3% | +9.2% | $66,661 |
| 5BR | $296,361 | — | — | +9.0% | $59,272 |
Market Trends
Home Value History (with trend line)
📊 How Does 44047 Compare?
| Metric | 44047 | Jefferson | Ashtabula, OH | Ohio |
|---|---|---|---|---|
| Home Value | $234,420 | $234,420 | N/A | $237,530 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 7.4% |
| Avg Rent | $1,044 | $1,044 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 44047 (Jefferson, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 44047 (Jefferson, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $234,420 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.5%). 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 44047
Population: 8,379
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 44047
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 Jefferson in OH worth investing in?
Investors tracking Jefferson, OH will find a 3.0/5 rating supported by $234K median home values and $1,044/mo rents. That profile suits long-term holders targeting reliable returns.
How do home values compare in Jefferson, OH?
In Jefferson, OH the median home value sits at $234K. Against the broader OH market, that reads as reasonable for most investors.
What are vacancy rates like in Jefferson, OH?
Vacancy in Jefferson, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,044/mo.
Can I house hack in Jefferson, OH?
Jefferson, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $234K price point reasonable to enter.
How much do tenants pay in Jefferson, OH?
Expect rents around $1,044/mo per month in Jefferson, OH. With home values at $234K, the yield math works out to reasonable levels for rental investors.
You know 44047 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44047 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 44047 ranks in Ashtabula, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 44047 (Jefferson)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 44047 (Jefferson, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.