Real Estate Investing in New Springfield, Ohio (44454)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44454 (New Springfield, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated poverty: 21.9% poverty rate — can affect rent collection.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • 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 (44454)?
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Market Analysis: 44454 New Springfield
The 44454 ZIP in New Springfield, OH is a local-operator market. Outside capital chasing a $180K entry has to pair deep knowledge with the discount.
For an experienced owner, 44454 can be a a viable market for hunting ground — but the discount at $180K reflects genuine risk that outside investors often underestimate.
The gap between 44454 and stronger New Springfield ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A notable renter share of 8% in 44454 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 44454 is an operator game, not a passive one. From a cash-flow lens, entry prices of $180K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in New Springfield:
Market Trends
Home Value History (with trend line)
📊 How Does 44454 Compare?
| Metric | 44454 | New Springfield | Ohio |
|---|---|---|---|
| Home Value | $179,975 | $209,163 | $237,530 |
| 5-Year CAGR | 6.8% | 6.4% | 7.4% |
| Avg Rent | $891 | $887 | - |
| Cap Rate | 3.9% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44454 (New Springfield, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $179,975 |
| Monthly Rent | $891 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.9%). 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 44454
Population: 806
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 1,764 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How should investors approach New Springfield, OH?
In New Springfield, OH the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $180K prices and $891/mo rents suits that approach.
Do landlords face vacancy issues in New Springfield, OH?
Expect elevated vacancy in New Springfield, OH. Rents at $891/mo are absorbed by the tenant base without meaningful lag.
Is real estate in New Springfield, OH a good investment right now?
New Springfield, OH rates 3.0/5 for investability. With median values at $180K and rents near $891/mo, the market offers reasonable fundamentals for rental investors.
Can I house hack 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 $891/mo rent level.
How deep is the rental pool in New Springfield, OH?
Expect a solid tenant pool in New Springfield, OH. The rental market absorbs $891/mo rents without meaningful friction.
You know 44454 now. You don’t know where it ranks.
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How 44454 ranks in Youngstown-Warren-Boardman, OH-PA
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