Real Estate Investing in Hiram, Ohio (44234)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44234 (Hiram, 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 price-to-rent: Price-to-rent ratio 26.9 — 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 Hiram, OH (44234)?
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Market Analysis: 44234 Hiram
ZIP 44234 inside Portage County looks affordable on the surface — median value of $331K — but the discount exists for reasons that a careful buyer should understand before committing.
From an investor standpoint, the numbers look inviting — $331K purchase price, 0.0% nominal cap — the work to hit that pro forma in 44234 is substantial and deserves full respect.
Within OH, ZIP 44234 trails on several market indicators that neighboring Portage County submarkets outperform. The gap is real and durable enough to shape underwriting.
Who lives in 44234 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 44234 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Hiram:
Property Strategy for 44234
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $244,330 | $1,140 | 3.4% | +7.4% | $122,165 |
| 3BR | $321,786 | $1,410 | 3.2% | +6.9% | $107,262 |
| 4BR | $371,837 | $1,530 | 3.0% | +7.1% | $92,959 |
Market Trends
Home Value History (with trend line)
📊 How Does 44234 Compare?
| Metric | 44234 | Hiram | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $331,327 | $331,327 | N/A | $237,530 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.4% |
| Avg Rent | $1,026 | $1,026 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 44234 (Hiram, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $331,327 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 26.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (2.4%). 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 44234
Population: 4,078
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
Investor Insight: With 607 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Hiram, OH?
Hiram, OH median home values land near $331K. That is reasonable territory for investors looking at $1,026/mo-per-month rentals.
Are there empty rentals in Hiram, OH?
Hiram, OH carries elevated vacancy risk. Expect reliable absorption at market rents of $1,026/mo.
Are renters plentiful in Hiram, OH?
Expect a solid tenant pool in Hiram, OH. The rental market absorbs $1,026/mo rents without meaningful friction.
Can I live-in-and-rent in Hiram, OH?
Hiram, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,026/mo rent level.
What is the investability score for Hiram, OH?
With a 3.0/5 investability score, Hiram, OH ranks as a solid market for rental property investors. Median prices of $331K and rents of $1,026/mo drive the underlying numbers.
You know 44234 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44234 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 44234 ranks in Akron, OH
Every ZIP in this metro, ranked. Free.
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