Real Estate Investing in Creston, Ohio (44217)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44217 (Creston, 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 Creston, OH (44217)?
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Market Analysis: 44217 Creston
This part of Wayne County is not an easy win. The 44217 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 44217 can be a a strong candidate for hunting ground — but the discount at $260K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 44217 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 44217 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Creston's stable or hybrid ZIPs before stepping into 44217. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Creston:
Property Strategy for 44217
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $164,497 | $1,020 | 4.5% | +9.8% | $82,248 |
| 3BR | $265,428 | $1,250 | 3.4% | +9.6% | $88,476 |
| 4BR | $298,627 | $1,460 | 3.5% | +10.4% | $74,657 |
Market Trends
Home Value History (with trend line)
📊 How Does 44217 Compare?
| Metric | 44217 | Creston | Wooster, OH | Ohio |
|---|---|---|---|---|
| Home Value | $260,454 | $260,454 | N/A | $237,530 |
| 5-Year CAGR | 8.3% | 8.3% | N/A | 7.4% |
| Avg Rent | $918 | $918 | 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 44217 (Creston, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $260,454 |
| Monthly Rent | $918 |
| Price-to-Rent | 23.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 44217
Population: 3,633
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 44217
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
Frequently Asked Questions
How does Creston, OH stack up for property investment?
Creston, OH sits at an investability rating of 3.0/5, with median home values near $260K and average rents around $918/mo. That combination puts it in the solid tier for investor interest.
What strategy should investors use in Creston, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Creston, OH. With home values at $260K and rents near $918/mo, other strategies can work but produce consistent rather than outsized returns.
How deep is the rental pool in Creston, OH?
Expect a solid tenant pool in Creston, OH. The rental market absorbs $918/mo rents without meaningful friction.
Is vacancy a concern in Creston, OH?
Expect elevated vacancy in Creston, OH. Rents at $918/mo are absorbed by the tenant base without meaningful lag.
Does house hacking work in Creston, OH?
House hacking in Creston, OH is reasonable to execute. Prices around $260K and rents of $918/mo solid owner-occupant economics.
You know 44217 now. You don’t know where it ranks.
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How 44217 ranks in Wooster, OH
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