Real Estate Investing in Minerva, Ohio (44657)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44657 (Minerva, 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.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Minerva, OH (44657)?
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Market Analysis: 44657 Minerva
Stepping back, ZIP 44657 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $195K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $195K asset, 44657 is the wrong submarket. If the plan prices in friction, the yield can still work.
On balance, 44657 offers a low basis, the region around Minerva has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Turning to rents, 9,581 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
seems to 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 Minerva:
Property Strategy for 44657
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $148,604 | $1,020 | 4.9% | +7.7% | $74,302 |
| 3BR | $197,352 | $1,290 | 4.7% | +6.7% | $65,784 |
| 4BR | $244,939 | $1,370 | 4.0% | +6.9% | $61,235 |
Market Trends
Home Value History (with trend line)
📊 How Does 44657 Compare?
| Metric | 44657 | Minerva | Salem, OH | Ohio |
|---|---|---|---|---|
| Home Value | $194,628 | $194,628 | N/A | $237,530 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.4% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44657 (Minerva, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $194,628 |
| Monthly Rent | $918 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (3.7%). 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 44657
Population: 9,581
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 44657
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
What real estate strategy is ideal for Minerva, OH?
For Minerva, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What does house hacking look like in Minerva, OH?
The a challenging house-hack environment in Minerva, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are there empty rentals in Minerva, OH?
Minerva, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
Where do home prices stand in Minerva, OH?
Minerva, OH home values average about $195K. That price point suits investors targeting rentals with $918/mo in monthly income.
Where do rents currently stand in Minerva, OH?
The typical rental in Minerva, OH commands about $918/mo monthly. That rent profile stable cash flow against the $195K purchase basis.
You know 44657 now. You don’t know where it ranks.
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How 44657 ranks in Salem, OH
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