Real Estate Investing in New Waterford, Ohio (44445)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44445 (New Waterford, 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: 8.2% 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 Waterford, OH (44445)?
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Market Analysis: 44445 New Waterford
Investors eyeing 44445 need to respect the fundamentals at play. Home values of $204K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $204K asset, 44445 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 44445 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 44445 includes headwinds that any investor should price in. Income distribution skews lower than New Waterford averages, and tenant stability requires active management.
The right play in 44445 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 New Waterford:
Property Strategy for 44445
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $140,376 | $1,040 | 5.3% | +4.7% | $70,188 |
| 3BR | $213,811 | $1,300 | 4.4% | +6.0% | $71,270 |
| 4BR | $282,604 | $1,380 | 3.5% | +6.3% | $70,651 |
Market Trends
Home Value History (with trend line)
📊 How Does 44445 Compare?
| Metric | 44445 | New Waterford | Salem, OH | Ohio |
|---|---|---|---|---|
| Home Value | $203,854 | $203,854 | N/A | $237,530 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 7.4% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 44445 (New Waterford, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,854 |
| Monthly Rent | $936 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (3.6%). 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 44445
Population: 3,067
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
Frequently Asked Questions
What do rentals go for in New Waterford, OH?
Average rent in New Waterford, OH is approximately $936/mo per month. Against $204K home values that yields a reasonable rent-to-price ratio.
How strong is tenant demand in New Waterford, OH?
New Waterford, OH draws a measured base of working renters. Demand at the $936/mo rent level is reasonable for standard single-family and small multi rentals.
How quickly do rentals get leased in New Waterford, OH?
Vacancy risk in New Waterford, OH is elevated. That supports measured cash flow for typical rental holds.
How landlord-friendly is New Waterford, OH?
The landlord environment in New Waterford, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is New Waterford in OH worth investing in?
Our data puts New Waterford, OH at 3.0/5 for investability. Home prices of $204K and rents around $936/mo create a solid backdrop for investor activity.
You know 44445 now. You don’t know where it ranks.
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How 44445 ranks in Salem, OH
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