Real Estate Investing in Lakeville, Ohio (44638)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44638 (Lakeville, 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: 17.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.1 — 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 Lakeville, OH (44638)?
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Market Analysis: 44638 Lakeville
Investors eyeing 44638 need to respect the fundamentals at play. Home values of $305K come alongside slower price movement and elevated management overhead.
The 44638 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 44638's metrics run below Holmes County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 44638 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Lakeville's stable or hybrid ZIPs before stepping into 44638. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Lakeville:
Market Trends
Home Value History (with trend line)
📊 How Does 44638 Compare?
| Metric | 44638 | Lakeville | Ashland, OH | Ohio |
|---|---|---|---|---|
| Home Value | $304,559 | $304,559 | N/A | $237,530 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 7.4% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44638 (Lakeville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $304,559 |
| Monthly Rent | $936 |
| Price-to-Rent | 27.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (2.4%). 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 44638
Population: 1,228
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 44638
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
Is real estate in Lakeville, OH a good investment right now?
Lakeville, OH scores 3.0/5 for investability. Home values sit at $305K and rents near $936/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What kind of vacancy should I budget for in Lakeville, OH?
Occupancy in Lakeville, OH runs predictable with elevated vacancy. Well-priced units at $936/mo lease on reasonable timelines.
How much should I expect to pay for a home in Lakeville, OH?
Typical homes in Lakeville, OH go for around $305K. The 5-year CAGR of 0.0% stable price movement.
What real estate strategy is ideal for Lakeville, OH?
For Lakeville, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical rental rate in Lakeville, OH?
The typical rental in Lakeville, OH commands about $936/mo monthly. That rent profile even-keeled cash flow against the $305K purchase basis.
You know 44638 now. You don’t know where it ranks.
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How 44638 ranks in Ashland, OH
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