Real Estate Investing in New Springfield, Ohio (44443)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44443 (New Springfield, 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.
- Elevated vacancy: 10.1% 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 New Springfield, OH (44443)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44443 New Springfield
The 44443 ZIP in New Springfield, OH is a local-operator market. Outside capital chasing a $238K entry has to pair deep knowledge with the discount.
Rent of $882/mo on a $238K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 44443 sits below the stated 0.0% once reality is priced in.
Regionally, 44443 sits on the difficult end of the OH spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 44443 includes headwinds that any investor should price in. Income distribution skews lower than New Springfield averages, and tenant stability requires active management.
The 44443 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in New Springfield:
Market Trends
Home Value History (with trend line)
📊 How Does 44443 Compare?
| Metric | 44443 | New Springfield | Ohio |
|---|---|---|---|
| Home Value | $238,350 | $209,163 | $237,530 |
| 5-Year CAGR | 6.1% | 6.4% | 7.4% |
| Avg Rent | $882 | $887 | - |
| Cap Rate | 2.9% | 3.4% | - |
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 44443 (New Springfield, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 44443 (New Springfield, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $238,350 |
| Monthly Rent | $882 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.9%). 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 44443
Population: 1,950
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
🎓 Nearby Colleges & Universities
Investor Insight: With 2,254 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in New Springfield, OH?
Homes in New Springfield, OH typically sell near $238K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Is New Springfield in OH worth investing in?
Investors tracking New Springfield, OH will find a 3.0/5 rating supported by $238K median home values and $882/mo rents. That profile suits long-term holders targeting measured returns.
What is the tenant pool like in New Springfield, OH?
Expect a solid tenant pool in New Springfield, OH. The rental market absorbs $882/mo rents without meaningful friction.
Can owner-occupants cash flow in New Springfield, OH?
New Springfield, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $882/mo rent level.
Does New Springfield, OH favor landlords or tenants?
New Springfield, OH operates under OH law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
You know 44443 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44443 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 44443 ranks in Youngstown-Warren-Boardman, OH-PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 44443 (New Springfield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 44443 (New Springfield, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.