Real Estate Investing in Dundee, Ohio (44624)
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Should you buy in 44624 (Dundee, 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 price-to-rent: Price-to-rent ratio 37.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Dundee, OH (44624)?
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Market Analysis: 44624 Dundee
The 44624 ZIP covers a section of Dundee that demands careful diligence. Prices near $435K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 44624 can be a a solid fit for hunting ground — but the discount at $435K reflects genuine risk that outside investors often underestimate.
Within OH, ZIP 44624 trails on several market indicators that neighboring Tuscarawas County submarkets outperform. The gap is real and notable enough to shape underwriting.
The demographic picture in 44624 includes headwinds that any investor should price in. Income distribution skews lower than Dundee averages, and tenant stability requires active management.
Strategically, 44624 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Dundee:
Market Trends
Home Value History (with trend line)
📊 How Does 44624 Compare?
| Metric | 44624 | Dundee | New Philadelphia-Dover, OH | Ohio |
|---|---|---|---|---|
| Home Value | $435,026 | $337,164 | N/A | $237,530 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.4% |
| Avg Rent | $963 | $1,013 | N/A | - |
| Cap Rate | 1.7% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44624 (Dundee, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $435,026 |
| Monthly Rent | $963 |
| Price-to-Rent | 37.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.7% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (1.7%). 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 44624
Population: 6,395
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 44624
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Winesburg Elementary School
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.
Frequently Asked Questions
Is Dundee, OH a good place for real estate investing?
Yes - Dundee, OH a 3.0/5 investability score. With $435K home prices against $963/mo monthly rent, the market delivers a reasonable entry point for new investors.
How much rent can I charge in Dundee, OH?
Dundee, OH rentals go for roughly $963/mo a month. That puts gross yield in solid territory relative to $435K acquisition costs.
Do rentals sit vacant long in Dundee, OH?
Expect elevated vacancy in Dundee, OH. Rents at $963/mo are absorbed by the tenant base without meaningful lag.
Is Dundee, OH suited for a house hack?
For house hackers, Dundee, OH is a challenging. The $963/mo rent on a unit helps defray the mortgage on a $435K property.
Is Dundee, OH good for landlords?
Dundee, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
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