Real Estate Investing in Boardman, Ohio (44512)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Mahoning County • Population: 33,018 • Data updated: September 2026

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Should you buy in 44512 (Boardman, OH)? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (76/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Boardman, OH (44512)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $203,069
Avg Monthly Rent $968
1% Rule ✗ Does Not Meet
Median Income $59,727
% Renters 35.3%

Market Analysis: 44512 Boardman

This part of Mahoning County is not an easy win. The 44512 ZIP reports 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 44512 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.

Statewide comparisons place 44512 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.

Demographically, 44512 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.

New investors are better served looking at Boardman's stable or hybrid ZIPs before stepping into 44512. The learning curve here is expensive when the lesson is wrong.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Boardman:

B+ Great
Buy Confidence Score: 81/100
Affordability
20/25
Appreciation
25/25
Stability
13/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 3.4× the median income
Value Trend
Rising (+5.9%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $968/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: This area shows favorable conditions for homebuyers. Solid fundamentals with reasonable affordability.
🏠

Property Strategy for 44512

Which property type performs best in this market?

Best for Cash Flow
2BR
5.1% cap rate
Best for Appreciation
2BR
+10.6% 5yr CAGR
Best Overall Value
5BR
$63,756/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
2BR $136,454 $970 5.1% +10.6% $68,227
3BR $198,940 $1,270 4.6% +9.7% $66,313
4BR $280,544 $1,340 3.4% +9.7% $70,136
5BR $318,779 +9.5% $63,756

Market Trends

Home Value History (with trend line)

$215K$188K$161K$134K$107K$81KJul 2006Jul 2016Jul 2026

Rent History (with trend line)

$1,019$980$941$902$863$824May 2024Jun 2025Jul 2026

📊 How Does 44512 Compare?

Metric 44512 Boardman Ohio
Home Value $203,069 $203,069 $237,530
5-Year CAGR 7.5% 7.5% 7.4%
Avg Rent $968 $968 -
Cap Rate 3.7% 3.7% -
💡 Why Invest in 44512? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

A healthy rental market with 35% renter-occupied households ensures tenant availability.

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 44512 (Boardman, OH). Anonymous, moderated, never written by AI.

Do you own or manage rentals in ZIP 44512 (Boardman, OH)?

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Investability
Good
Cap Rate
3.7%
Low
5yr Growth
+7.5%
Strong

📊 Market Snapshot

Home Value $203,069
Monthly Rent $968
Price-to-Rent 17.5:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 5.7%
Cap Rate 3.7%
5-Year IRR 11.2%

📈 Home Appreciation

1-Year +5.9% ▲
3-Year CAGR +6.4% ▲
5-Year CAGR +7.5% ▲
10-Year CAGR +7.6% ▲

🏠 Rent Trends

1-Year +9.8% ▲
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 3.7%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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.

Vacancy
5.8%
Low risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+7.5%
Growing
Eviction process: Fast Rent control: Favorable

Demographics in 44512

Population: 33,018

💰 Median Household Income
$59,727
This area
$59,727
State
$68,496
USA
$74,580
🏠 Renter Occupied
35.3%
This area
35.3%
State
25.8%
USA
34.0%
💼 Unemployment Rate
4.3%
This area
4.3%
State
-9.1%
USA
3.7%
🎓 College Educated
34.4%
This area
34.4%
State
8.4%
USA
33.7%
👤 Median Age
42.5 years
This area
42.5 years
State
19.6 years
USA
38.9 years
🏚️ Vacancy Rate
5.8%
This area
5.8%
State
11.1%
USA
10.5%
👥 Population by Ethnicity
White 83.8%
Black/African American 8.4%
Other/Mixed 6.7%
Hispanic/Latino 2.9%
Asian 1.1%
👶 Under 18
20.2%
This area
20.2%
USA
22.0%
👴 65 and Over
21.6%
This area
21.6%
USA
17.3%
📊 Poverty Rate
10.9%
This area
10.9%
USA
11.5%

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 44512

B Avg School Grade
7 Schools
17.5:1 Avg Class Size
$13,864 Avg Per Pupil

Schools in This ZIP Code

B+ Above Average

Boardman Glenwood Junior High

📚 07 – 08 Middle
👥
573 Students
👨‍🏫
14.1:1 Class Size
💰
$13,864 Per Student
B Good

Stadium Drive Elementary School

📚 K – 03 Elementary
👥
348 Students
👨‍🏫
16.8:1 Class Size
💰
$13,864 Per Student
B Good

Boardman Center Intermediate School

📚 04 – 06 School
👥
833 Students
👨‍🏫
17.5:1 Class Size
💰
$13,864 Per Student
B Good

Boardman High School

📚 09 – 12 High School
👥
1,089 Students
👨‍🏫
15.5:1 Class Size
💰
$13,864 Per Student
B Good

Robinwood Lane Elementary School

📚 K – 03 Elementary
👥
353 Students
👨‍🏫
18.9:1 Class Size
💰
$13,864 Per Student
B Good

West Boulevard Elementary School

📚 K – 03 Elementary
👥
433 Students
👨‍🏫
20.0:1 Class Size
💰
$13,864 Per Student
C Below Average

Spartan Online Academy

📚 07 – 12 High School
👥
20 Students
👨‍🏫
20.0:1 Class Size
💰
$13,864 Per Student
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

8 Nearby 1,816 Off-Campus Students
C
Raphael's School of Beauty Culture Inc-Boardman
131 students · 0.6 mi
C+
Choffin Career and Technical Center
73 students · 5.4 mi
C+
Youngstown State University
11,040 students · 5.6 mi
C+
Mahoning County Career and Technical Center
74 students · 6.3 mi
C
ETI Technical College
182 students · 11.6 mi
C
Raphael's School of Beauty Culture Inc-Niles
145 students · 12.3 mi
C
Hannah E Mullins School of Practical Nursing
30 students · 12.8 mi
D
Ross Medical Education Center-Niles
69 students · 13.6 mi

Investor Insight: With 1,816 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 Boardman, OH?

The median home value in Boardman, OH is roughly $203K. That puts it reasonable relative to the OH statewide average.

Are there empty rentals in Boardman, OH?

Vacancy risk in Boardman, OH is elevated. That supports stable cash flow for typical rental holds.

How strong is tenant demand in Boardman, OH?

The tenant pool in Boardman, OH is solid, supported by local employment and population fundamentals. Rents of $968/mo are well-absorbed by the market.

What investment strategy works best in Boardman, OH?

A careful cash-flow rentals with hands-on management strategy Boardman, OH best. The market produces stable results for that approach at the $203K price point.

How much is rent in Boardman, OH?

Rental rates in Boardman, OH average $968/mo. Tenant demand and $203K home values make the yield look reasonable by investor standards.

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How 44512 ranks in Youngstown-Warren-Boardman, OH-PA

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