Real Estate Investing in New Middletown, Ohio (44442)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Mahoning County • Population: 3,856 • Data updated: September 2026

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Should you buy in 44442 (New Middletown, OH)? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (76/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

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 New Middletown, OH (44442)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $247,884
Avg Monthly Rent $873
1% Rule ✗ Does Not Meet
Median Income $59,375
% Renters 10.4%

Market Analysis: 44442 New Middletown

Investors eyeing 44442 need to respect the fundamentals at play. Home values of $248K come alongside slower price movement and elevated management overhead.

Rent of $873/mo on a $248K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 44442 sits below the stated 0.0% once reality is priced in.

The gap between 44442 and stronger New Middletown ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.

Resident income in 44442 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.

The right play in 44442 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in New Middletown:

C+ Average
Buy Confidence Score: 67/100
Affordability
15/25
Appreciation
22/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 4.2× the median income
Value Trend
Rising (+7.7%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $873/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
🏠

Property Strategy for 44442

Which property type performs best in this market?

Best for Cash Flow
3BR
3.9% cap rate
Best for Appreciation
4BR
+8.4% 5yr CAGR
Best Overall Value
4BR
$78,108/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
2BR $194,917 $970 3.6% +8.1% $97,458
3BR $235,520 $1,270 3.9% +8.3% $78,507
4BR $312,434 $1,340 3.1% +8.4% $78,108

Market Trends

Home Value History (with trend line)

$259K$228K$197K$165K$134K$103KJul 2006Jul 2016Jul 2026

📊 How Does 44442 Compare?

Metric 44442 New Middletown Ohio
Home Value $247,884 $247,884 $237,530
5-Year CAGR 6.8% 6.8% 7.4%
Avg Rent $873 $873 -
Cap Rate 2.8% 2.8% -
💡 Why Invest in 44442? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 44442 (New Middletown, OH). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
2.8%
Low
5yr Growth
+6.8%
Strong

📊 Market Snapshot

Home Value $247,884
Monthly Rent $873
Price-to-Rent 23.7:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 4.2%
Cap Rate 2.8%
5-Year IRR 9.6%

📈 Home Appreciation

1-Year +7.7% ▲
3-Year CAGR +6.9% ▲
5-Year CAGR +6.8% ▲
10-Year CAGR +6.8% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.8%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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.

Vacancy
5.0%
Low risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+6.8%
Growing
Eviction process: Fast Rent control: Favorable

Demographics in 44442

Population: 3,856

💰 Median Household Income
$59,375
This area
$59,375
State
$68,496
USA
$74,580
🏠 Renter Occupied
10.4%
This area
10.4%
State
25.8%
USA
34.0%
💼 Unemployment Rate
1.7%
This area
1.7%
State
-9.1%
USA
3.7%
🎓 College Educated
33.5%
This area
33.5%
State
8.4%
USA
33.7%
👤 Median Age
52.0 years
This area
52.0 years
State
19.6 years
USA
38.9 years
🏚️ Vacancy Rate
5.0%
This area
5.0%
State
11.1%
USA
10.5%
👥 Population by Ethnicity
White 97.5%
Other/Mixed 2.1%
Hispanic/Latino 1.3%
Black/African American 0.4%
👶 Under 18
17.5%
This area
17.5%
USA
22.0%
👴 65 and Over
24.5%
This area
24.5%
USA
17.3%
📊 Poverty Rate
2.8%
This area
2.8%
USA
11.5%

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 44442

B+ Avg School Grade
3 Schools
15.7:1 Avg Class Size
$15,697 Avg Per Pupil

Schools in This ZIP Code

A Very Good

Springfield High School

📚 09 – 12 High School
👥
248 Students
👨‍🏫
11.8:1 Class Size
💰
$15,697 Per Student
B+ Above Average
👥
271 Students
👨‍🏫
14.3:1 Class Size
💰
$15,697 Per Student
B Good

Springfield Elementary School

📚 K – 04 Elementary
👥
376 Students
👨‍🏫
20.9:1 Class Size
💰
$15,697 Per Student
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

7 Nearby 1,801 Off-Campus Students
C
Raphael's School of Beauty Culture Inc-Boardman
131 students · 7.9 mi
C
New Castle School of Trades
623 students · 9.1 mi
C+
Choffin Career and Technical Center
73 students · 10.6 mi
C+
Youngstown State University
11,040 students · 10.9 mi
D
UPMC Jameson School of Nursing
332 students · 11.1 mi
C
Butler Beauty Academy-New Castle Beauty Academy
30 students · 11.1 mi
C+
Mahoning County Career and Technical Center
74 students · 13.2 mi

Investor Insight: With 1,801 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

What are home prices like in New Middletown, OH?

The median home value in New Middletown, OH is roughly $248K. That puts it reasonable relative to the OH statewide average.

Can I live-in-and-rent in New Middletown, OH?

The house hack math a challenging in New Middletown, OH. Owner-occupant buyers benefit from the $873/mo rents and $248K home values.

What are vacancy rates like in New Middletown, OH?

Vacancy in New Middletown, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.

What is the typical rental rate in New Middletown, OH?

The typical rental in New Middletown, OH commands about $873/mo monthly. That rent profile predictable cash flow against the $248K purchase basis.

How strong is tenant demand in New Middletown, OH?

New Middletown, OH draws a steady base of working renters. Demand at the $873/mo rent level is reasonable for standard single-family and small multi rentals.

You know 44442 now. You don’t know where it ranks.

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How 44442 ranks in Youngstown-Warren-Boardman, OH-PA

Every ZIP in this metro, ranked. Free.

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