Real Estate Investing in Hayesville, Ohio (44838)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44838 (Hayesville, 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.
- Elevated vacancy: 10.8% vacancy may signal weakening demand.
• 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 Hayesville, OH (44838)?
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Market Analysis: 44838 Hayesville
ZIP 44838 inside Ashland County looks affordable on the surface — median value of $188K — but the discount exists for reasons that a careful buyer should understand before committing.
From a cash-flow lens, the numbers look inviting — $188K purchase price, 0.0% nominal cap — the work to hit that pro forma in 44838 is substantial and deserves full respect.
Within OH, ZIP 44838 trails on several market indicators that neighboring Ashland County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
The demographic picture in 44838 includes headwinds that any investor should price in. Income distribution skews lower than Hayesville averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 44838 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Hayesville:
Market Trends
Home Value History (with trend line)
📊 How Does 44838 Compare?
| Metric | 44838 | Hayesville | Ashland, OH | Ohio |
|---|---|---|---|---|
| Home Value | $188,109 | $188,109 | N/A | $237,530 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44838 (Hayesville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,109 |
| Monthly Rent | $873 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.6%). 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 44838
Population: 214
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
Where do rents currently stand in Hayesville, OH?
Investors in Hayesville, OH typically see rents near $873/mo per month against $188K home values - a solid setup for rental cash flow.
What approach is best for Hayesville, OH real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Hayesville, OH. The numbers - $188K homes against $873/mo rents - support that play.
What is the rental occupancy rate in Hayesville, OH?
Hayesville, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What does house hacking look like in Hayesville, OH?
The a challenging house-hack environment in Hayesville, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Hayesville, OH a good market for buy-and-hold investors?
Investors tracking Hayesville, OH will find a 3.0/5 rating supported by $188K median home values and $873/mo rents. That profile suits long-term holders targeting predictable returns.
You know 44838 now. You don’t know where it ranks.
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How 44838 ranks in Ashland, OH
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