Real Estate Investing in Wooster, Ohio (44691)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44691 (Wooster, 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.
What’s happening in Wooster, OH (44691)?
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Market Analysis: 44691 Wooster
The 44691 ZIP covers a section of Wooster that demands careful diligence. Prices near $268K look accessible, but the work to make a deal cash flow is real.
The 44691 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 44691 and stronger Wooster ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 44691 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 44691 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 Wooster:
Property Strategy for 44691
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $196,466 | $1,080 | 4.0% | +10.1% | $98,233 |
| 3BR | $259,091 | $1,320 | 3.7% | +9.3% | $86,364 |
| 4BR | $346,975 | $1,550 | 3.2% | +9.8% | $86,744 |
| 5BR | $409,307 | — | — | +9.2% | $81,861 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44691 Compare?
| Metric | 44691 | Wooster | Wooster, OH | Ohio |
|---|---|---|---|---|
| Home Value | $268,064 | $268,064 | N/A | $237,530 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 7.4% |
| Avg Rent | $1,348 | $1,348 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44691 (Wooster, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $268,064 |
| Monthly Rent | $1,348 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | -1.6% ▼ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | +0.1% ▲ |
| 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 44691
Population: 44,390
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 44691
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
Do rentals sit vacant long in Wooster, OH?
Wooster, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
Is the tenant base reliable in Wooster, OH?
Working renters make up the core of the Wooster, OH tenant base. The pool is reasonable for investors targeting long-term holds.
Is Wooster, OH a friendly market for rental owners?
Landlord-friendliness in Wooster, OH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Wooster, OH a good market for FHA house hackers?
For house hackers, Wooster, OH is a challenging. The $1,348/mo rent on a unit helps defray the mortgage on a $268K property.
Which investment style suits Wooster, OH?
For Wooster, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 44691 now. You don’t know where it ranks.
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How 44691 ranks in Wooster, OH
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