Real Estate Investing in Painesville, Ohio (44077)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44077 (Painesville, 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 Painesville, OH (44077)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44077 Painesville
The 44077 ZIP in Painesville, OH is a local-operator market. Outside capital chasing a $262K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 44077 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Painesville have seen price recovery that 44077 has not matched. Lake County data supports the view that the spread is structural rather than temporary.
A robust renter share of 26% in 44077 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Painesville:
Property Strategy for 44077
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $122,648 | $1,020 | 6.0% | +7.3% | $122,648 |
| 2BR | $171,741 | $1,230 | 5.2% | +8.4% | $85,870 |
| 3BR | $238,191 | $1,580 | 4.8% | +7.2% | $79,397 |
| 4BR | $357,657 | $1,690 | 3.4% | +6.6% | $89,414 |
| 5BR | $433,968 | — | — | +6.9% | $86,794 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44077 Compare?
| Metric | 44077 | Painesville | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $262,474 | $243,912 | N/A | $237,530 |
| 5-Year CAGR | 5.7% | 5.5% | N/A | 7.4% |
| Avg Rent | $1,399 | $1,212 | N/A | - |
| Cap Rate | 4.2% | 3.9% | - | - |
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 44077 (Painesville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $262,474 |
| Monthly Rent | $1,399 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 44077
Population: 57,947
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 44077
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 2,179 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for Painesville, OH real estate?
Investors usually favor careful cash-flow rentals with hands-on management in Painesville, OH. With home values at $262K and rents near $1,399/mo, other strategies can work but produce predictable rather than outsized returns.
How do home values compare in Painesville, OH?
Typical homes in Painesville, OH go for around $262K. The 5-year CAGR of 0.0% steady price movement.
Is Painesville, OH a good place for real estate investing?
Investors tracking Painesville, OH will find a 3.0/5 rating supported by $262K median home values and $1,399/mo rents. That profile suits long-term holders targeting measured returns.
What is the tenant pool like in Painesville, OH?
Tenant demand in Painesville, OH is solid. The local workforce $1,399/mo rents across most rental classes.
What do rentals go for in Painesville, OH?
Investors in Painesville, OH typically see rents near $1,399/mo per month against $262K home values - a solid setup for rental cash flow.
You know 44077 now. You don’t know where it ranks.
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How 44077 ranks in Cleveland-Elyria, OH
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