Real Estate Investing in West Salem, Ohio (44287)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44287 (West Salem, 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 West Salem, OH (44287)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44287 West Salem
ZIP 44287 inside Wayne looks affordable on the surface — median value of $264K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 44287 can be a an appealing option for hunting ground — but the discount at $264K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 44287 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 44287 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 44287 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in West Salem:
Property Strategy for 44287
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $203,944 | $1,010 | 3.6% | +9.4% | $101,972 |
| 3BR | $256,295 | $1,270 | 3.6% | +8.1% | $85,432 |
| 4BR | $325,424 | $1,480 | 3.3% | +7.9% | $81,356 |
Market Trends
Home Value History (with trend line)
📊 How Does 44287 Compare?
| Metric | 44287 | West Salem | Ohio |
|---|---|---|---|
| Home Value | $264,150 | $264,150 | $237,530 |
| 5-Year CAGR | 6.7% | 6.7% | 7.4% |
| Avg Rent | $909 | $909 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 44287 (West Salem, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $264,150 |
| Monthly Rent | $909 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (2.7%). 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 44287
Population: 7,892
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 44287
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
Do landlords face vacancy issues in West Salem, OH?
Rental vacancy in West Salem, OH is elevated. Investors should budget normal turnover but not chronic empty units.
How strong is the working-renter base in West Salem, OH?
The renter base in West Salem, OH is reasonable for the $909/mo price point. Screening well and pricing to market typically yields consistent tenants.
What monthly rent should investors expect in West Salem, OH?
Rental rates in West Salem, OH average $909/mo. Tenant demand and $264K home values make the yield look reasonable by investor standards.
Is West Salem, OH landlord-friendly?
OH ranks as a landlord-friendly state for landlord-tenant law. West Salem generally follows the statewide framework, so landlords face reasonable operating rules.
What kind of market is West Salem, OH for investors?
Our data puts West Salem, OH at 3.0/5 for investability. Home prices of $264K and rents around $909/mo create a solid backdrop for investor activity.
You know 44287 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44287 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.
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Community Ratings
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