Real Estate Investing in Waynesburg, Ohio (44688)
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Should you buy in 44688 (Waynesburg, 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 Waynesburg, OH (44688)?
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Market Analysis: 44688 Waynesburg
The 44688 ZIP in Waynesburg, OH is a local-operator market. Outside capital chasing a $185K entry has to pair deep knowledge with the discount.
For an experienced owner, 44688 can be a a credible choice for hunting ground — but the discount at $185K reflects genuine risk that outside investors often underestimate.
The gap between 44688 and stronger Waynesburg ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 44688 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 44688 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Waynesburg:
Property Strategy for 44688
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $137,063 | $1,020 | 5.4% | +5.9% | $68,532 |
| 3BR | $190,127 | $1,290 | 4.9% | +6.3% | $63,376 |
| 4BR | $223,314 | $1,360 | 4.4% | +6.2% | $55,828 |
Market Trends
Home Value History (with trend line)
📊 How Does 44688 Compare?
| Metric | 44688 | Waynesburg | Canton-Massillon, OH | Ohio |
|---|---|---|---|---|
| Home Value | $184,895 | $184,895 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.4% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
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 44688 (Waynesburg, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,895 |
| Monthly Rent | $918 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +12.5% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.9%). 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 44688
Population: 2,895
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
What is the investability score for Waynesburg, OH?
Yes - Waynesburg, OH a 3.0/5 investability score. With $185K home prices against $918/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the typical rental rate in Waynesburg, OH?
Investors in Waynesburg, OH typically see rents near $918/mo per month against $185K home values - a solid setup for rental cash flow.
How should investors approach Waynesburg, OH?
Most investors in Waynesburg, OH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How quickly do rentals get leased in Waynesburg, OH?
Waynesburg, OH carries elevated vacancy risk. Expect predictable absorption at market rents of $918/mo.
Does house hacking make sense in Waynesburg, OH?
House hacking works a challenging in Waynesburg, OH. Rents of $918/mo against $185K acquisition make the strategy solid for owner-occupants.
You know 44688 now. You don’t know where it ranks.
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How 44688 ranks in Canton-Massillon, OH
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