Real Estate Investing in Washingtonville, Ohio (44490)
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Should you buy in 44490 (Washingtonville, 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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated poverty: 21.1% 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 Washingtonville, OH (44490)?
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Market Analysis: 44490 Washingtonville
This part of Columbiana County is not an easy win. The 44490 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 44490 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within OH, ZIP 44490 trails on several market indicators that neighboring Columbiana County submarkets outperform. The gap is real and durable enough to shape underwriting.
Resident income in 44490 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Washingtonville's stable or hybrid ZIPs before stepping into 44490. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Washingtonville:
Property Strategy for 44490
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $99,468 | $1,000 | 7.2% | +6.1% | $49,734 |
| 3BR | $132,518 | $1,280 | 7.0% | +8.2% | $44,173 |
Market Trends
Home Value History (with trend line)
📊 How Does 44490 Compare?
| Metric | 44490 | Washingtonville | Salem, OH | Ohio |
|---|---|---|---|---|
| Home Value | $110,700 | $110,700 | N/A | $237,530 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 7.4% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 6.3% | 6.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44490 (Washingtonville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $110,700 |
| Monthly Rent | $900 |
| Price-to-Rent | 10.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.8% |
| Cap Rate | 6.3% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | -2.1% ▼ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.3%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44490
Population: 696
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
Where do rents currently stand in Washingtonville, OH?
Rent in Washingtonville, OH is around $900/mo. The resulting rent-to-value relationship with $111K pricing is reasonable for most investor models.
How viable is house hacking in Washingtonville, OH?
Washingtonville, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $111K price point reasonable to enter.
What is the investability score for Washingtonville, OH?
With a 3.0/5 investability score, Washingtonville, OH ranks as a solid market for rental property investors. Median prices of $111K and rents of $900/mo drive the underlying numbers.
What is the typical home price in Washingtonville, OH?
The median home value in Washingtonville, OH is roughly $111K. That puts it reasonable relative to the OH statewide average.
What is the rental occupancy rate in Washingtonville, OH?
Rental vacancy in Washingtonville, OH is elevated. Investors should budget normal turnover but not chronic empty units.
You know 44490 now. You don’t know where it ranks.
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How 44490 ranks in Salem, OH
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