Real Estate Investing in Massillon, Ohio (44647)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44647 (Massillon, 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.
What’s happening in Massillon, OH (44647)?
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Market Analysis: 44647 Massillon
The 44647 ZIP covers a section of Massillon that demands careful diligence. Prices near $193K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $193K asset, 44647 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader OH picture, 44647 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A robust renter share of 24% in 44647 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 44647 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 Massillon:
Property Strategy for 44647
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $99,233 | $920 | 6.7% | +9.1% | $99,233 |
| 2BR | $137,272 | $1,180 | 6.2% | +7.8% | $68,636 |
| 3BR | $192,233 | $1,490 | 5.6% | +7.4% | $64,078 |
| 4BR | $276,685 | $1,580 | 4.1% | +7.9% | $69,171 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44647 Compare?
| Metric | 44647 | Massillon | Canton-Massillon, OH | Ohio |
|---|---|---|---|---|
| Home Value | $192,556 | $211,228 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.5% | N/A | 7.4% |
| Avg Rent | $1,207 | $1,147 | N/A | - |
| Cap Rate | 4.9% | 4.3% | - | - |
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 44647 (Massillon, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $192,556 |
| Monthly Rent | $1,207 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (4.9%). 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 44647
Population: 17,851
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 44647
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 4,009 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Massillon, OH?
Expect median prices around $193K in Massillon, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
How strong is the working-renter base in Massillon, OH?
Massillon, OH draws a steady base of working renters. Demand at the $1,207/mo rent level is reasonable for standard single-family and small multi rentals.
Is Massillon, OH better for rentals, flips, or BRRRR?
A careful cash-flow rentals with hands-on management strategy Massillon, OH best. The market produces consistent results for that approach at the $193K price point.
How tight is the rental market in Massillon, OH?
Occupancy in Massillon, OH runs measured with elevated vacancy. Well-priced units at $1,207/mo lease on reasonable timelines.
Can I live-in-and-rent in Massillon, OH?
House hacking in Massillon, OH is reasonable to execute. Prices around $193K and rents of $1,207/mo solid owner-occupant economics.
You know 44647 now. You don’t know where it ranks.
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How 44647 ranks in Canton-Massillon, OH
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