Real Estate Investing in Glenmont, Ohio (44628)
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Should you buy in 44628 (Glenmont, 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 vacancy: 24.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.5 — 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 Glenmont, OH (44628)?
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Market Analysis: 44628 Glenmont
ZIP 44628 in Glenmont, OH carries a substantial set of headwinds. Home values near $281K and rents of $918/mo sit inside a market where underwriting has to be tight.
The investment case in 44628 is solid only for operators who understand what they are buying. A $281K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 44628 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 44628 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.
Strategically, 44628 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 Glenmont:
Market Trends
Home Value History (with trend line)
📊 How Does 44628 Compare?
| Metric | 44628 | Glenmont | Mount Vernon, OH | Ohio |
|---|---|---|---|---|
| Home Value | $281,282 | $281,282 | N/A | $237,530 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.4% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44628 (Glenmont, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $281,282 |
| Monthly Rent | $918 |
| Price-to-Rent | 25.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.6%). 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 44628
Population: 1,039
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
Frequently Asked Questions
What is it like being a landlord in Glenmont, OH?
OH law landlord-friendly for landlords, and Glenmont inherits those rules. Investors should still review local ordinances for rental licensing.
Is it easy to find good tenants in Glenmont, OH?
The renter base in Glenmont, OH is reasonable for the $918/mo price point. Screening well and pricing to market typically yields predictable tenants.
Is Glenmont, OH a good place for real estate investing?
Yes - Glenmont, OH a 3.0/5 investability score. With $281K home prices against $918/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Glenmont, OH suited for a house hack?
The a challenging house-hack environment in Glenmont, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are homes affordable in Glenmont, OH?
Glenmont, OH home values average about $281K. That price point suits investors targeting rentals with $918/mo in monthly income.
You know 44628 now. You don’t know where it ranks.
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How 44628 ranks in Mount Vernon, OH
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