Real Estate Investing in Canfield, Ohio (44406)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44406 (Canfield, 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.
What’s happening in Canfield, OH (44406)?
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Market Analysis: 44406 Canfield
This part of Mahoning County is not an easy win. The 44406 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
On balance, the numbers look inviting — $332K purchase price, 0.0% nominal cap — the work to hit that pro forma in 44406 is substantial and deserves full respect.
Regionally, 44406 sits on the difficult end of the OH spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The 44406 ZIP's population of 22,297 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
New investors are better served looking at Canfield's stable or hybrid ZIPs before stepping into 44406. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Canfield:
Property Strategy for 44406
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $206,153 | $990 | 3.5% | +9.0% | $103,077 |
| 3BR | $278,284 | $1,290 | 3.3% | +8.9% | $92,761 |
| 4BR | $440,119 | $1,370 | 2.2% | +8.6% | $110,030 |
| 5BR | $585,595 | — | — | +8.6% | $117,119 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44406 Compare?
| Metric | 44406 | Canfield | Ohio |
|---|---|---|---|
| Home Value | $331,958 | $331,958 | $237,530 |
| 5-Year CAGR | 6.9% | 6.9% | 7.4% |
| Avg Rent | $1,400 | $1,400 | - |
| Cap Rate | 3.3% | 3.3% | - |
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 44406 (Canfield, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $331,958 |
| Monthly Rent | $1,400 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (3.3%). 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 44406
Population: 22,297
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 44406
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 2,194 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Canfield, OH?
Investors in Canfield, OH typically see rents near $1,400/mo per month against $332K home values - a solid setup for rental cash flow.
Are tenants stable in Canfield, OH?
Working renters make up the core of the Canfield, OH tenant base. The pool is reasonable for investors targeting long-term holds.
How strong is Canfield, OH for real estate investors?
Canfield, OH scores 3.0/5 for investability. Home values sit at $332K and rents near $1,400/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are there empty rentals in Canfield, OH?
Canfield, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
Does house hacking work in Canfield, OH?
House hacking works a challenging in Canfield, OH. Rents of $1,400/mo against $332K acquisition make the strategy solid for owner-occupants.
You know 44406 now. You don’t know where it ranks.
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