Real Estate Investing in Garrettsville, Ohio (44231)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44231 (Garrettsville, 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.
- High price-to-rent: Price-to-rent ratio 25.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Garrettsville, OH (44231)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44231 Garrettsville
Stepping back, ZIP 44231 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $294K median. It rewards specialists, not generalists.
Rent of $981/mo on a $294K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 44231 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Garrettsville have seen price recovery that 44231 has not matched. Portage County data supports the view that the spread is structural rather than temporary.
Demographically, 44231 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
looks to 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 Garrettsville:
Property Strategy for 44231
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $206,810 | $1,090 | 3.8% | +6.4% | $103,405 |
| 3BR | $274,813 | $1,340 | 3.5% | +7.4% | $91,604 |
| 4BR | $321,293 | $1,450 | 3.2% | +7.9% | $80,323 |
| 5BR | $373,667 | — | — | +7.6% | $74,733 |
Market Trends
Home Value History (with trend line)
📊 How Does 44231 Compare?
| Metric | 44231 | Garrettsville | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $294,396 | $294,396 | N/A | $237,530 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.4% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 44231 (Garrettsville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $294,396 |
| Monthly Rent | $981 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (2.6%). 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 44231
Population: 8,702
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 44231
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 1,262 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of tenants rent in Garrettsville, OH?
Garrettsville, OH offers a predictable renter base at the $981/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does Garrettsville, OH favor landlords or tenants?
Garrettsville, OH operates under OH law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
What is the typical vacancy rate in Garrettsville, OH?
Garrettsville, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Can I live-in-and-rent in Garrettsville, OH?
The house hack math a challenging in Garrettsville, OH. Owner-occupant buyers benefit from the $981/mo rents and $294K home values.
Is housing expensive in Garrettsville, OH?
Garrettsville, OH median home values land near $294K. That is reasonable territory for investors looking at $981/mo-per-month rentals.
You know 44231 now. You don’t know where it ranks.
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How 44231 ranks in Akron, OH
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