Real Estate Investing in Middlefield, Ohio (44062)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44062 (Middlefield, 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 price-to-rent: Price-to-rent ratio 27.0 — 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 Middlefield, OH (44062)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44062 Middlefield
Investors eyeing 44062 need to respect the fundamentals at play. Home values of $306K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $306K asset, 44062 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 44062 sits on the difficult end of the OH spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 44062 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 44062 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Middlefield:
Property Strategy for 44062
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $236,127 | $1,050 | 3.2% | +7.7% | $118,063 |
| 3BR | $271,692 | $1,350 | 3.6% | +6.8% | $90,564 |
| 4BR | $320,306 | $1,450 | 3.3% | +6.8% | $80,077 |
| 5BR | $342,740 | — | — | +6.9% | $68,548 |
Market Trends
Home Value History (with trend line)
📊 How Does 44062 Compare?
| Metric | 44062 | Middlefield | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $305,606 | $305,606 | N/A | $237,530 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 7.4% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 44062 (Middlefield, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $305,606 |
| Monthly Rent | $945 |
| Price-to-Rent | 27.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 44062
Population: 16,335
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 44062
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 607 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Middlefield, OH?
Average rent in Middlefield, OH is approximately $945/mo per month. Against $306K home values that yields a reasonable rent-to-price ratio.
How do landlord-tenant laws work in Middlefield, OH?
OH law landlord-friendly for landlords, and Middlefield inherits those rules. Investors should still review local ordinances for rental licensing.
Are homes affordable in Middlefield, OH?
Middlefield, OH home values average about $306K. That price point suits investors targeting rentals with $945/mo in monthly income.
Does a duplex house hack pencil in Middlefield, OH?
The a challenging house-hack environment in Middlefield, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Which investment style suits Middlefield, OH?
A careful cash-flow rentals with hands-on management strategy Middlefield, OH best. The market produces consistent results for that approach at the $306K price point.
You know 44062 now. You don’t know where it ranks.
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