Real Estate Investing in Atwater, Ohio (44201)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44201 (Atwater, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Atwater, OH (44201)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44201 Atwater
The 44201 ZIP in Atwater, OH is a local-operator market. Outside capital chasing a $300K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 44201 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Atwater have seen price recovery that 44201 has not matched. Portage County data supports the view that the spread is structural rather than temporary.
Employment concentration in 44201 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 44201 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Atwater:
Property Strategy for 44201
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $182,309 | $1,320 | 5.2% | +6.1% | $91,155 |
| 3BR | $292,489 | $1,610 | 4.0% | +7.8% | $97,496 |
| 4BR | $335,520 | $1,750 | 3.8% | +7.6% | $83,880 |
Market Trends
Home Value History (with trend line)
📊 How Does 44201 Compare?
| Metric | 44201 | Atwater | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $299,874 | $299,874 | N/A | $237,530 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.4% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 44201 (Atwater, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $299,874 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 21.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.1%). 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 44201
Population: 6,928
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 44201
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 2,662 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Atwater, OH?
Typical homes in Atwater, OH go for around $300K. The 5-year CAGR of 0.0% consistent price movement.
What kind of tenants rent in Atwater, OH?
Tenant quality in Atwater, OH ranks as solid. Landlords generally report stable occupancy at market rents of $1,188/mo.
Does house hacking make sense in Atwater, OH?
House hacking works a challenging in Atwater, OH. Rents of $1,188/mo against $300K acquisition make the strategy solid for owner-occupants.
Does Atwater, OH make sense for an investment property?
The 3.0/5 investability rating in Atwater, OH reflects its $300K prices and $1,188/mo rents. Investors generally consider it a solid option within OH.
What type of investing works in Atwater, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Atwater, OH. With home values at $300K and rents near $1,188/mo, other strategies can work but produce measured rather than outsized returns.
You know 44201 now. You don’t know where it ranks.
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How 44201 ranks in Akron, OH
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