Real Estate Investing in Mineral City, Ohio (44656)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44656 (Mineral City, 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: 14.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mineral City, OH (44656)?
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Market Analysis: 44656 Mineral City
The 44656 ZIP covers a section of Mineral City that demands careful diligence. Prices near $210K 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 $210K asset, 44656 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OH, ZIP 44656 trails on several market indicators that neighboring Tuscarawas County submarkets outperform. The gap is real and durable enough to shape underwriting.
A resilient renter share of 21% in 44656 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. sturdy returns are possible in 44656, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Mineral City:
Property Strategy for 44656
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $165,652 | $970 | 4.2% | +7.2% | $82,826 |
| 3BR | $230,234 | $1,250 | 3.9% | +7.8% | $76,745 |
Market Trends
Home Value History (with trend line)
📊 How Does 44656 Compare?
| Metric | 44656 | Mineral City | New Philadelphia-Dover, OH | Ohio |
|---|---|---|---|---|
| Home Value | $210,307 | $210,307 | N/A | $237,530 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 44656 (Mineral City, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $210,307 |
| Monthly Rent | $873 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (3.2%). 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 44656
Population: 2,616
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 44656
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 673 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is vacancy a concern in Mineral City, OH?
Rental vacancy in Mineral City, OH is elevated. Investors should budget normal turnover but not chronic empty units.
What is the typical rental rate in Mineral City, OH?
The typical rental in Mineral City, OH commands about $873/mo monthly. That rent profile reliable cash flow against the $210K purchase basis.
Is it easy to find good tenants in Mineral City, OH?
The renter base in Mineral City, OH is reasonable for the $873/mo price point. Screening well and pricing to market typically yields measured tenants.
Which real estate strategy fits Mineral City, OH?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Mineral City, OH. The numbers - $210K homes against $873/mo rents - support that play.
Does Mineral City, OH make sense for an investment property?
With a 3.0/5 investability score, Mineral City, OH ranks as a solid market for rental property investors. Median prices of $210K and rents of $873/mo drive the underlying numbers.
You know 44656 now. You don’t know where it ranks.
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How 44656 ranks in New Philadelphia-Dover, OH
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