Real Estate Investing in Alliance, Ohio (44601)
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Should you buy in 44601 (Alliance, 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 vacancy: 9.9% vacancy may signal weakening demand.
What’s happening in Alliance, OH (44601)?
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Market Analysis: 44601 Alliance
Not every below-median market is a bargain. Alliance's 44601 ZIP reflects signals that favor experienced operators who can absorb the risk $168K pricing implies.
The investment case in 44601 is robust only for operators who understand what they are buying. A $168K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Turning to rents, 44601 offers a low basis, the region around Alliance has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 44601 ZIP's population of 32,823 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Strategy in 44601 is an operator game, not a passive one. On the rental side, entry prices of $168K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Alliance:
Property Strategy for 44601
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $72,812 | $790 | 7.8% | +7.5% | $72,812 |
| 2BR | $123,975 | $1,010 | 5.9% | +8.7% | $61,988 |
| 3BR | $167,322 | $1,280 | 5.5% | +7.5% | $55,774 |
| 4BR | $216,921 | $1,350 | 4.5% | +8.2% | $54,230 |
| 5BR | $270,727 | — | — | +8.2% | $54,145 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44601 Compare?
| Metric | 44601 | Alliance | Canton-Massillon, OH | Ohio |
|---|---|---|---|---|
| Home Value | $167,748 | $167,748 | N/A | $237,530 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.4% |
| Avg Rent | $790 | $790 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 44601 (Alliance, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $167,748 |
| Monthly Rent | $790 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | -11.5% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
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.
Demographics in 44601
Population: 32,823
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 44601
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
Frequently Asked Questions
What is the median home value in Alliance, OH?
Alliance, OH median home values land near $168K. That is reasonable territory for investors looking at $790/mo-per-month rentals.
How does Alliance, OH rate as a rental market?
Our data puts Alliance, OH at 3.0/5 for investability. Home prices of $168K and rents around $790/mo create a solid backdrop for investor activity.
What is the tenant pool like in Alliance, OH?
Alliance, OH draws a even-keeled base of working renters. Demand at the $790/mo rent level is reasonable for standard single-family and small multi rentals.
What kind of vacancy should I budget for in Alliance, OH?
Rental vacancy in Alliance, OH is elevated. Investors should budget normal turnover but not chronic empty units.
Is Alliance, OH a friendly market for rental owners?
Rental owners in Alliance, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
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How 44601 ranks in Canton-Massillon, OH
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