Real Estate Investing in Apple Creek, Ohio (44606)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44606 (Apple Creek, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 32.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Apple Creek, OH (44606)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44606 Apple Creek
The 44606 ZIP in Apple Creek, OH is a local-operator market. Outside capital chasing a $335K entry has to pair deep knowledge with the discount.
The 44606 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 44606 and stronger Apple Creek ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
From an investor standpoint, 7,883 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 44606 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Apple Creek:
Property Strategy for 44606
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $232,146 | $970 | 3.0% | +10.6% | $116,073 |
| 3BR | $295,538 | $1,190 | 2.9% | +10.5% | $98,513 |
| 4BR | $378,476 | $1,390 | 2.6% | +9.3% | $94,619 |
| 5BR | $422,577 | — | — | +11.8% | $84,515 |
Market Trends
Home Value History (with trend line)
📊 How Does 44606 Compare?
| Metric | 44606 | Apple Creek | Wooster, OH | Ohio |
|---|---|---|---|---|
| Home Value | $334,663 | $334,663 | N/A | $237,530 |
| 5-Year CAGR | 9.7% | 9.7% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
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 44606 (Apple Creek, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $334,663 |
| Monthly Rent | $873 |
| Price-to-Rent | 32.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +9.7% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (2.0%). 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 44606
Population: 7,883
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 44606
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
Are eviction rules reasonable in Apple Creek, OH?
Rental owners in Apple Creek, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Are tenants stable in Apple Creek, OH?
The tenant pool in Apple Creek, OH is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.
Is Apple Creek, OH a smart market for rental property?
Yes - Apple Creek, OH a 3.0/5 investability score. With $335K home prices against $873/mo monthly rent, the market delivers a reasonable entry point for new investors.
Does a duplex house hack pencil in Apple Creek, OH?
House hacking works a challenging in Apple Creek, OH. Rents of $873/mo against $335K acquisition make the strategy solid for owner-occupants.
What strategy should investors use in Apple Creek, OH?
In Apple Creek, OH the durable play is typically careful cash-flow rentals with hands-on management. The combination of $335K prices and $873/mo rents suits that approach.
You know 44606 now. You don’t know where it ranks.
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How 44606 ranks in Wooster, OH
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