Real Estate Investing in Warren, Ohio (44484)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44484 (Warren, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
What’s happening in Warren, OH (44484)?
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Market Analysis: 44484 Warren
This part of Trumbull County is not an easy win. The 44484 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $203K asset, 44484 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OH, ZIP 44484 trails on several market indicators that neighboring Trumbull County submarkets outperform. The gap is real and solid enough to shape underwriting.
The 44484 ZIP's population of 21,634 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
The right play in 44484 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 Warren:
Property Strategy for 44484
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $119,912 | $1,090 | 6.5% | +12.3% | $59,956 |
| 3BR | $179,421 | $1,420 | 5.7% | +10.6% | $59,807 |
| 4BR | $283,463 | $1,510 | 3.8% | +9.3% | $70,866 |
| 5BR | $358,882 | — | — | +8.7% | $71,776 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44484 Compare?
| Metric | 44484 | Warren | Ohio |
|---|---|---|---|
| Home Value | $203,386 | $164,504 | $237,530 |
| 5-Year CAGR | 8.4% | 8.5% | 7.4% |
| Avg Rent | $1,050 | $993 | - |
| Cap Rate | 4.0% | 5.7% | - |
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 44484 (Warren, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $203,386 |
| Monthly Rent | $1,050 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +8.8% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 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 (4.0%). 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 44484
Population: 21,634
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 44484
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 2,419 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical home price in Warren, OH?
Warren, OH home values average about $203K. That price point suits investors targeting rentals with $1,050/mo in monthly income.
What kind of tenants rent in Warren, OH?
The tenant pool in Warren, OH is solid, supported by local employment and population fundamentals. Rents of $1,050/mo are well-absorbed by the market.
Which real estate strategy fits Warren, OH?
Most investors in Warren, OH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How quickly do rentals get leased in Warren, OH?
Occupancy in Warren, OH runs measured with elevated vacancy. Well-priced units at $1,050/mo lease on reasonable timelines.
Can I house hack in Warren, OH?
The a challenging house-hack environment in Warren, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 44484 now. You don’t know where it ranks.
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How 44484 ranks in Youngstown-Warren-Boardman, OH-PA
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