Real Estate Investing in Loudonville, Ohio (44842)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44842 (Loudonville, 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 vacancy: 13.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Loudonville, OH (44842)?
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Market Analysis: 44842 Loudonville
The 44842 ZIP in Loudonville, OH is a local-operator market. Outside capital chasing a $239K entry has to pair deep knowledge with the discount.
Rent of $873/mo on a $239K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 44842 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Loudonville have seen price recovery that 44842 has not matched. Ashland County data supports the view that the spread is structural rather than temporary.
A significant renter share of 24% in 44842 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 44842 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Loudonville:
Property Strategy for 44842
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $199,874 | $970 | 3.5% | +8.6% | $99,937 |
| 3BR | $248,716 | $1,270 | 3.7% | +8.7% | $82,905 |
| 4BR | $307,690 | $1,450 | 3.4% | +9.6% | $76,923 |
Market Trends
Home Value History (with trend line)
📊 How Does 44842 Compare?
| Metric | 44842 | Loudonville | Ashland, OH | Ohio |
|---|---|---|---|---|
| Home Value | $239,373 | $239,373 | N/A | $237,530 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44842 (Loudonville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $239,373 |
| Monthly Rent | $873 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 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 (2.8%). 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 44842
Population: 5,571
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 44842
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
Is Loudonville, OH a good market for FHA house hackers?
Loudonville, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $239K price point reasonable to enter.
Is OH a landlord-friendly state?
The landlord environment in Loudonville, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is it easy to find good tenants in Loudonville, OH?
Tenant demand in Loudonville, OH is solid. The local workforce $873/mo rents across most rental classes.
What is the rental occupancy rate in Loudonville, OH?
Loudonville, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the typical rental rate in Loudonville, OH?
The typical rental in Loudonville, OH commands about $873/mo monthly. That rent profile measured cash flow against the $239K purchase basis.
You know 44842 now. You don’t know where it ranks.
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How 44842 ranks in Ashland, OH
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