Real Estate Investing in Smithville, Ohio (44677)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44677 (Smithville, 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 Smithville, OH (44677)?
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Market Analysis: 44677 Smithville
Not every below-median market is a bargain. Smithville's 44677 ZIP sits at signals that favor experienced operators who can absorb the risk $267K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 44677 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 44677 and stronger Smithville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 44677 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 44677 is an operator game, not a passive one. Looking more closely, entry prices of $267K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Smithville:
Property Strategy for 44677
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $203,636 | $1,110 | 3.9% | +9.1% | $101,818 |
| 3BR | $261,395 | $1,350 | 3.7% | +8.9% | $87,132 |
| 4BR | $299,195 | $1,590 | 3.8% | +8.9% | $74,799 |
Market Trends
Home Value History (with trend line)
📊 How Does 44677 Compare?
| Metric | 44677 | Smithville | Wooster, OH | Ohio |
|---|---|---|---|---|
| Home Value | $267,259 | $267,259 | N/A | $237,530 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 7.4% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 44677 (Smithville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $267,259 |
| Monthly Rent | $999 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.9%). 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 44677
Population: 2,867
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 44677
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
Are rents high in Smithville, OH?
Rents in Smithville, OH run near $999/mo. Compared with median home prices of $267K that produces solid gross yields for typical rentals.
Is Smithville, OH better for rentals, flips, or BRRRR?
Smithville, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($267K prices, $999/mo rents) make it a reasonable choice.
What is the average home sale price in Smithville, OH?
Expect median prices around $267K in Smithville, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Are eviction rules reasonable in Smithville, OH?
For rental operators, Smithville, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Does house hacking work in Smithville, OH?
House hacking in Smithville, OH is reasonable to execute. Prices around $267K and rents of $999/mo solid owner-occupant economics.
You know 44677 now. You don’t know where it ranks.
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How 44677 ranks in Wooster, OH
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