Real Estate Investing in Alvada, Ohio (44802)
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Should you buy in 44802 (Alvada, 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.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Alvada, OH (44802)?
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Market Analysis: 44802 Alvada
The 44802 ZIP covers a section of Alvada that demands careful diligence. Prices near $298K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $298K asset, 44802 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OH, ZIP 44802 trails on several market indicators that neighboring Hancock County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Demographically, 44802 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.
Distressed ZIPs reward experience. healthy returns are possible in 44802, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Alvada:
Market Trends
Home Value History (with trend line)
📊 How Does 44802 Compare?
| Metric | 44802 | Alvada | Findlay, OH | Ohio |
|---|---|---|---|---|
| Home Value | $297,715 | $297,715 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.4% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44802 (Alvada, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $297,715 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (2.7%). 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 44802
Population: 919
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 do landlords charge for rent in Alvada, OH?
Rent in Alvada, OH is around $1,035/mo. The resulting rent-to-value relationship with $298K pricing is reasonable for most investor models.
How qualified is the tenant pool in Alvada, OH?
The tenant pool in Alvada, OH is solid, supported by local employment and population fundamentals. Rents of $1,035/mo are well-absorbed by the market.
What is the investability score for Alvada, OH?
Yes - Alvada, OH a 3.0/5 investability score. With $298K home prices against $1,035/mo monthly rent, the market delivers a reasonable entry point for new investors.
Where do home prices stand in Alvada, OH?
Alvada, OH median home values land near $298K. That is reasonable territory for investors looking at $1,035/mo-per-month rentals.
What is the best play in Alvada, OH?
For Alvada, 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 44802 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44802 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 44802 ranks in Findlay, OH
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