Real Estate Investing in Diamond, Ohio (44412)
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Should you buy in 44412 (Diamond, 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.
- High price-to-rent: Price-to-rent ratio 27.2 — 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 Diamond, OH (44412)?
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Market Analysis: 44412 Diamond
Not every below-median market is a bargain. Diamond's 44412 ZIP comes in at signals that favor experienced operators who can absorb the risk $299K pricing implies.
For an experienced owner, 44412 can be a a solid fit for hunting ground — but the discount at $299K reflects genuine risk that outside investors often underestimate.
The gap between 44412 and stronger Diamond ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 44412 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 44412 is an operator game, not a passive one. Looking more closely, entry prices of $299K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Diamond:
Property Strategy for 44412
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $216,133 | $1,020 | 3.4% | +7.3% | $108,066 |
| 3BR | $288,401 | $1,260 | 3.1% | +7.4% | $96,134 |
| 4BR | $336,821 | $1,370 | 2.9% | +6.9% | $84,205 |
Market Trends
Home Value History (with trend line)
📊 How Does 44412 Compare?
| Metric | 44412 | Diamond | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $299,366 | $299,366 | N/A | $237,530 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 7.4% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44412 (Diamond, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $299,366 |
| Monthly Rent | $918 |
| Price-to-Rent | 27.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 44412
Population: 3,073
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 44412
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
What is the typical rental rate in Diamond, OH?
The typical rental in Diamond, OH commands about $918/mo monthly. That rent profile predictable cash flow against the $299K purchase basis.
Does house hacking work in Diamond, OH?
House hacking in Diamond, OH is reasonable to execute. Prices around $299K and rents of $918/mo solid owner-occupant economics.
Do landlords face vacancy issues in Diamond, OH?
Expect elevated vacancy in Diamond, OH. Rents at $918/mo are absorbed by the tenant base without meaningful lag.
How much does a house cost in Diamond, OH?
In Diamond, OH the median home value sits at $299K. Against the broader OH market, that reads as reasonable for most investors.
What is the investability score for Diamond, OH?
Yes - Diamond, OH a 3.0/5 investability score. With $299K home prices against $918/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 44412 now. You don’t know where it ranks.
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How 44412 ranks in Akron, OH
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