Real Estate Investing in Leetonia, Ohio (44431)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44431 (Leetonia, OH)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Leetonia, OH (44431)?
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Market Analysis: 44431 Leetonia
Meanwhile, ZIP 44431 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $185K median. It rewards specialists, not generalists.
The 44431 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Leetonia have seen price recovery that 44431 has not matched. Columbiana County data supports the view that the spread is structural rather than temporary.
The 44431 ZIP's population of 4,607 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
seems to 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 Leetonia:
Property Strategy for 44431
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $135,514 | $1,040 | 5.5% | +7.0% | $67,757 |
| 3BR | $191,824 | $1,300 | 4.9% | +5.9% | $63,941 |
| 4BR | $238,499 | $1,380 | 4.2% | +5.8% | $59,625 |
Market Trends
Home Value History (with trend line)
📊 How Does 44431 Compare?
| Metric | 44431 | Leetonia | Salem, OH | Ohio |
|---|---|---|---|---|
| Home Value | $185,038 | $185,038 | N/A | $237,530 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 7.4% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
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 44431 (Leetonia, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,038 |
| Monthly Rent | $936 |
| Price-to-Rent | 16.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (4.0%). 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 44431
Population: 4,607
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 44431
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 are vacancy rates like in Leetonia, OH?
Vacancy in Leetonia, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $936/mo.
Are rents high in Leetonia, OH?
Leetonia, OH rentals go for roughly $936/mo a month. That puts gross yield in solid territory relative to $185K acquisition costs.
How do home values compare in Leetonia, OH?
Homes in Leetonia, OH typically sell near $185K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Is the tenant base reliable in Leetonia, OH?
The renter base in Leetonia, OH is reasonable for the $936/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Is real estate in Leetonia, OH a good investment right now?
Leetonia, OH rates 3.0/5 for investability. With median values at $185K and rents near $936/mo, the market offers reasonable fundamentals for rental investors.
You know 44431 now. You don’t know where it ranks.
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How 44431 ranks in Salem, OH
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