Real Estate Investing in Vermilion, Ohio (44089)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44089 (Vermilion, 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.
- High vacancy: 14.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Vermilion, OH (44089)?
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Market Analysis: 44089 Vermilion
ZIP 44089 in Vermilion, OH carries a sturdy set of headwinds. Home values near $276K and rents of $1,215/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 44089 can be a a strong candidate for hunting ground — but the discount at $276K reflects genuine risk that outside investors often underestimate.
Within OH, ZIP 44089 trails on several market indicators that neighboring Erie County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Resident income in 44089 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. healthy returns are possible in 44089, 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 Vermilion:
Property Strategy for 44089
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $161,838 | $1,090 | 4.8% | +8.2% | $161,838 |
| 2BR | $225,423 | $1,350 | 4.3% | +7.7% | $112,712 |
| 3BR | $252,074 | $1,710 | 4.9% | +8.4% | $84,025 |
| 4BR | $337,410 | $1,880 | 4.0% | +8.2% | $84,353 |
| 5BR | $426,872 | — | — | +8.0% | $85,374 |
Market Trends
Home Value History (with trend line)
📊 How Does 44089 Compare?
| Metric | 44089 | Vermilion | Sandusky, OH | Ohio |
|---|---|---|---|---|
| Home Value | $275,567 | $275,567 | N/A | $237,530 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.4% |
| Avg Rent | $1,215 | $1,215 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 44089 (Vermilion, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $275,567 |
| Monthly Rent | $1,215 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.4%). 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 44089
Population: 15,873
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 44089
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 1,514 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Vermilion, OH?
In Vermilion, OH the median home value sits at $276K. Against the broader OH market, that reads as reasonable for most investors.
Is it easy to find good tenants in Vermilion, OH?
Vermilion, OH draws a predictable base of working renters. Demand at the $1,215/mo rent level is reasonable for standard single-family and small multi rentals.
How strong are rents in Vermilion, OH?
Vermilion, OH rentals go for roughly $1,215/mo a month. That puts gross yield in solid territory relative to $276K acquisition costs.
What does house hacking look like in Vermilion, OH?
Vermilion, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $276K price point reasonable to enter.
Which investment style suits Vermilion, OH?
For Vermilion, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 44089 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44089 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 44089 ranks in Sandusky, OH
Every ZIP in this metro, ranked. Free.
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