Real Estate Investing in Jeromesville, Ohio (44840)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44840 (Jeromesville, 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: 9.0% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Jeromesville, OH (44840)?
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Market Analysis: 44840 Jeromesville
This part of Ashland County is not an easy win. The 44840 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 44840 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 44840 sits on the difficult end of the OH spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The 44840 ZIP's population of 3,415 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
New investors are better served looking at Jeromesville's stable or hybrid ZIPs before stepping into 44840. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Jeromesville:
Property Strategy for 44840
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $205,022 | $1,120 | 3.9% | +8.5% | $102,511 |
| 3BR | $291,152 | $1,470 | 3.6% | +9.0% | $97,051 |
| 4BR | $363,886 | $1,690 | 3.3% | +10.4% | $90,972 |
Market Trends
Home Value History (with trend line)
📊 How Does 44840 Compare?
| Metric | 44840 | Jeromesville | Ashland, OH | Ohio |
|---|---|---|---|---|
| Home Value | $296,175 | $296,175 | N/A | $237,530 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 7.4% |
| Avg Rent | $1,008 | $1,008 | 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 44840 (Jeromesville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $296,175 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 24.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 44840
Population: 3,415
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 44840
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
How strong are rents in Jeromesville, OH?
The typical rental in Jeromesville, OH commands about $1,008/mo monthly. That rent profile predictable cash flow against the $296K purchase basis.
Do rentals sit vacant long in Jeromesville, OH?
Rental vacancy in Jeromesville, OH is elevated. Investors should budget normal turnover but not chronic empty units.
How does Jeromesville, OH rate as a rental market?
Jeromesville, OH rates 3.0/5 for investability. With median values at $296K and rents near $1,008/mo, the market offers reasonable fundamentals for rental investors.
What is the smart move for investors in Jeromesville, OH?
Most investors in Jeromesville, 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.
What is the median home value in Jeromesville, OH?
Typical homes in Jeromesville, OH go for around $296K. The 5-year CAGR of 0.0% predictable price movement.
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How 44840 ranks in Ashland, OH
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