Real Estate Investing in Carrollton, Ohio (44651)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44651 (Carrollton, 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: 17.6% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Carrollton, OH (44651)?
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Market Analysis: 44651 Carrollton
ZIP 44651 inside Carroll County looks affordable on the surface — median value of $230K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $927/mo on a $230K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 44651 sits below the stated 0.0% once reality is priced in.
The gap between 44651 and stronger Carrollton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 44651 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Carrollton:
Market Trends
Home Value History (with trend line)
📊 How Does 44651 Compare?
| Metric | 44651 | Carrollton | Canton-Massillon, OH | Ohio |
|---|---|---|---|---|
| Home Value | $230,410 | $207,666 | N/A | $237,530 |
| 5-Year CAGR | 6.1% | 6.0% | N/A | 7.4% |
| Avg Rent | $927 | $900 | N/A | - |
| Cap Rate | 3.1% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44651 (Carrollton, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $230,410 |
| Monthly Rent | $927 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 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 44651
Population: 956
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How high is vacancy risk in Carrollton, OH?
Carrollton, OH carries elevated vacancy risk. Expect even-keeled absorption at market rents of $927/mo.
How landlord-friendly is Carrollton, OH?
The landlord environment in Carrollton, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How much does a house cost in Carrollton, OH?
In Carrollton, OH the median home value sits at $230K. Against the broader OH market, that reads as reasonable for most investors.
How viable is house hacking in Carrollton, OH?
House hacking in Carrollton, OH is a challenging. With home values around $230K and rents at $927/mo, owner-occupants can offset a meaningful share of PITI.
What approach is best for Carrollton, OH real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Carrollton, OH. The numbers - $230K homes against $927/mo rents - support that play.
You know 44651 now. You don’t know where it ranks.
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How 44651 ranks in Canton-Massillon, OH
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