Real Estate Investing in Lucas, Ohio (44843)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44843 (Lucas, 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.
- High price-to-rent: Price-to-rent ratio 25.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lucas, OH (44843)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44843 Lucas
The 44843 ZIP covers a section of Lucas that demands careful diligence. Prices near $268K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 44843 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
From an investor standpoint, 44843 offers a low basis, the region around Lucas has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 44843 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. healthy returns are possible in 44843, 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 Lucas:
Property Strategy for 44843
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $206,103 | $970 | 3.4% | +9.7% | $103,051 |
| 3BR | $256,180 | $1,310 | 3.7% | +8.7% | $85,393 |
| 4BR | $337,878 | $1,530 | 3.3% | +9.4% | $84,470 |
Market Trends
Home Value History (with trend line)
📊 How Does 44843 Compare?
| Metric | 44843 | Lucas | Mansfield, OH | Ohio |
|---|---|---|---|---|
| Home Value | $267,810 | $267,810 | N/A | $237,530 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
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 44843 (Lucas, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 44843 (Lucas, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $267,810 |
| Monthly Rent | $873 |
| Price-to-Rent | 25.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +9.9% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (2.5%). 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 44843
Population: 2,732
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 44843
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
Investor Insight: With 508 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Lucas, OH?
Lucas, OH median home values land near $268K. That is reasonable territory for investors looking at $873/mo-per-month rentals.
Are rents high in Lucas, OH?
Rents in Lucas, OH run near $873/mo. Compared with median home prices of $268K that produces solid gross yields for typical rentals.
Which real estate strategy fits Lucas, OH?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Lucas, OH. The numbers - $268K homes against $873/mo rents - support that play.
Is Lucas, OH good for landlords?
For rental operators, Lucas, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the rental occupancy rate in Lucas, OH?
Occupancy in Lucas, OH runs even-keeled with elevated vacancy. Well-priced units at $873/mo lease on reasonable timelines.
You know 44843 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44843 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 44843 ranks in Mansfield, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 44843 (Lucas)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 44843 (Lucas, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.