Real Estate Investing in Homerville, Ohio (44235)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44235 (Homerville, OH)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 31.0 — 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 Homerville, OH (44235)?
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Market Analysis: 44235 Homerville
The 44235 ZIP covers a section of Homerville that demands careful diligence. Prices near $385K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $385K asset, 44235 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 44235's metrics run below Medina County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 44235 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Homerville's stable or hybrid ZIPs before stepping into 44235. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Homerville:
Property Strategy for 44235
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $335,512 | $1,460 | 3.1% | +7.3% | $111,837 |
| 4BR | $454,876 | $1,620 | 2.6% | +7.5% | $113,719 |
Market Trends
Home Value History (with trend line)
📊 How Does 44235 Compare?
| Metric | 44235 | Homerville | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $384,910 | $384,910 | N/A | $237,530 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 7.4% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44235 (Homerville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $384,910 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 31.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 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 (2.1%). 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 44235
Population: 1,369
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
Frequently Asked Questions
How should investors approach Homerville, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Homerville, OH. With home values at $385K and rents near $1,035/mo, other strategies can work but produce predictable rather than outsized returns.
How strong is the working-renter base in Homerville, OH?
Tenant quality in Homerville, OH ranks as solid. Landlords generally report stable occupancy at market rents of $1,035/mo.
How strict are landlord regulations in Homerville, OH?
For rental operators, Homerville, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Homerville, OH a good market for FHA house hackers?
The house hack math a challenging in Homerville, OH. Owner-occupant buyers benefit from the $1,035/mo rents and $385K home values.
What are rental rates like in Homerville, OH?
Homerville, OH rentals go for roughly $1,035/mo a month. That puts gross yield in solid territory relative to $385K acquisition costs.
You know 44235 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44235 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 44235 ranks in Cleveland-Elyria, OH
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