Real Estate Investing in Kent, Ohio (44240)
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Should you buy in 44240 (Kent, 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: 17.7% of homes vacant — above national norms.
What’s happening in Kent, OH (44240)?
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Market Analysis: 44240 Kent
The 44240 ZIP covers a section of Kent that demands careful diligence. Prices near $253K 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 $253K asset, 44240 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader OH picture, 44240 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 44240 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
trends toward 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 Kent:
Property Strategy for 44240
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $113,710 | $990 | 6.3% | +7.8% | $113,710 |
| 2BR | $165,019 | $1,280 | 5.6% | +7.9% | $82,509 |
| 3BR | $235,382 | $1,560 | 4.8% | +7.4% | $78,461 |
| 4BR | $314,095 | $1,700 | 3.9% | +7.5% | $78,524 |
| 5BR | $300,633 | — | — | +7.1% | $60,127 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44240 Compare?
| Metric | 44240 | Kent | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $253,278 | $126,639 | N/A | $237,530 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.4% |
| Avg Rent | $1,570 | $1,570 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
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 44240 (Kent, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $253,278 |
| Monthly Rent | $1,570 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | -8.0% ▼ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.8%). 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 44240
Population: 37,889
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 44240
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 3,984 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Kent, OH make sense for an investment property?
The 3.0/5 investability rating in Kent, OH reflects its $253K prices and $1,570/mo rents. Investors generally consider it a solid option within OH.
What is the average monthly rent in Kent, OH?
Rent in Kent, OH is around $1,570/mo. The resulting rent-to-value relationship with $253K pricing is reasonable for most investor models.
Is Kent, OH a good market for FHA house hackers?
Kent, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $253K price point reasonable to enter.
What is the average home sale price in Kent, OH?
Expect median prices around $253K in Kent, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
What strategy should investors use in Kent, OH?
A careful cash-flow rentals with hands-on management strategy Kent, OH best. The market produces measured results for that approach at the $253K price point.
You know 44240 now. You don’t know where it ranks.
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How 44240 ranks in Akron, OH
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