Real Estate Investing in North Bloomfield, Ohio (44450)
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Should you buy in 44450 (North Bloomfield, 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: 9.7% vacancy may signal weakening demand.
- Elevated poverty: 34.5% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in North Bloomfield, OH (44450)?
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Market Analysis: 44450 North Bloomfield
The 44450 ZIP covers a section of North Bloomfield that demands careful diligence. Prices near $222K look accessible, but the work to make a deal cash flow is real.
The investment case in 44450 is sturdy only for operators who understand what they are buying. A $222K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 44450 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 44450 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.
Strategically, 44450 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in North Bloomfield:
Market Trends
Home Value History (with trend line)
📊 How Does 44450 Compare?
| Metric | 44450 | North Bloomfield | Ohio |
|---|---|---|---|
| Home Value | $221,683 | $221,683 | $237,530 |
| 5-Year CAGR | 5.3% | 5.3% | 7.4% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44450 (North Bloomfield, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $221,683 |
| Monthly Rent | $882 |
| Price-to-Rent | 21.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.1%). 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 44450
Population: 2,217
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 44450
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 655 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What does house hacking look like in North Bloomfield, OH?
The a challenging house-hack environment in North Bloomfield, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is North Bloomfield in OH worth investing in?
Investors tracking North Bloomfield, OH will find a 3.0/5 rating supported by $222K median home values and $882/mo rents. That profile suits long-term holders targeting consistent returns.
How much should I expect to pay for a home in North Bloomfield, OH?
Expect median prices around $222K in North Bloomfield, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
What are rental rates like in North Bloomfield, OH?
Average rent in North Bloomfield, OH is approximately $882/mo per month. Against $222K home values that yields a reasonable rent-to-price ratio.
How strong is the working-renter base in North Bloomfield, OH?
The renter base in North Bloomfield, OH is reasonable for the $882/mo price point. Screening well and pricing to market typically yields stable tenants.
You know 44450 now. You don’t know where it ranks.
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How 44450 ranks in Youngstown-Warren-Boardman, OH-PA
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