Real Estate Investing in Wellington, Ohio (44049)
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Should you buy in 44049 (Wellington, OH)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wellington, OH (44049)?
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Market Analysis: 44049 Wellington
ZIP 44049 in Wellington, OH carries a significant set of headwinds. Home values near $149K and rents of $981/mo sit inside a market where underwriting has to be tight.
The investment case in 44049 is robust only for operators who understand what they are buying. A $149K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Wellington have seen price recovery that 44049 has not matched. Lorain County data supports the view that the spread is structural rather than temporary.
A solid renter share of 25% in 44049 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. notable returns are possible in 44049, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Wellington:
Market Trends
Home Value History (with trend line)
📊 How Does 44049 Compare?
| Metric | 44049 | Wellington | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $148,746 | $220,563 | N/A | $237,530 |
| 5-Year CAGR | 3.8% | 5.0% | N/A | 7.4% |
| Avg Rent | $981 | $945 | N/A | - |
| Cap Rate | 5.1% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44049 (Wellington, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $148,746 |
| Monthly Rent | $981 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (5.1%). 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 44049
Population: 230
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How strong are rents in Wellington, OH?
Investors in Wellington, OH typically see rents near $981/mo per month against $149K home values - a solid setup for rental cash flow.
How much does a house cost in Wellington, OH?
Homes in Wellington, OH typically sell near $149K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
How does Wellington, OH rate as a rental market?
Wellington, OH rates 3.0/5 for investability. With median values at $149K and rents near $981/mo, the market offers reasonable fundamentals for rental investors.
Is it easy to find good tenants in Wellington, OH?
Tenant demand in Wellington, OH is solid. The local workforce $981/mo rents across most rental classes.
How high is vacancy risk in Wellington, OH?
Wellington, OH carries elevated vacancy risk. Expect predictable absorption at market rents of $981/mo.
You know 44049 now. You don’t know where it ranks.
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How 44049 ranks in Cleveland-Elyria, OH
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