Real Estate Investing in Dennison, Ohio (44621)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44621 (Dennison, 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: 11.1% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Dennison, OH (44621)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44621 Dennison
This part of Tuscarawas County is not an easy win. The 44621 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 $157K asset, 44621 is the wrong submarket. If the plan prices in friction, the yield can still work.
Put differently, 44621 offers a low basis, the region around Dennison has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 44621 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 44621 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Dennison:
Property Strategy for 44621
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $115,966 | $970 | 6.0% | +7.9% | $57,983 |
| 3BR | $169,143 | $1,250 | 5.3% | +6.7% | $56,381 |
Market Trends
Home Value History (with trend line)
📊 How Does 44621 Compare?
| Metric | 44621 | Dennison | New Philadelphia-Dover, OH | Ohio |
|---|---|---|---|---|
| Home Value | $156,587 | $156,587 | N/A | $237,530 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
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 44621 (Dennison, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $156,587 |
| Monthly Rent | $873 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (4.4%). 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 44621
Population: 4,639
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 44621
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 673 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average monthly rent in Dennison, OH?
Investors in Dennison, OH typically see rents near $873/mo per month against $157K home values - a solid setup for rental cash flow.
How tight is the rental market in Dennison, OH?
Vacancy in Dennison, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
Does Dennison, OH make sense for an investment property?
Dennison, OH shows an investability rating of 3.0/5, with median home values near $157K and average rents around $873/mo. That combination puts it in the solid tier for investor interest.
Are homes affordable in Dennison, OH?
Expect median prices around $157K in Dennison, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
How should investors approach Dennison, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Dennison, OH. With home values at $157K and rents near $873/mo, other strategies can work but produce predictable rather than outsized returns.
You know 44621 now. You don’t know where it ranks.
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