Real Estate Investing in Monroeville, Ohio (44847)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44847 (Monroeville, 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: 8.7% 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 Monroeville, OH (44847)?
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Market Analysis: 44847 Monroeville
The 44847 ZIP covers a section of Monroeville that demands careful diligence. Prices near $212K 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 44847 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 44847's metrics run below Huron County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 44847 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. solid returns are possible in 44847, 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 Monroeville:
Property Strategy for 44847
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $167,010 | $1,150 | 5.0% | +7.1% | $83,505 |
| 3BR | $209,493 | $1,440 | 4.9% | +6.6% | $69,831 |
| 4BR | $236,944 | $1,770 | 5.4% | +6.7% | $59,236 |
Market Trends
Home Value History (with trend line)
📊 How Does 44847 Compare?
| Metric | 44847 | Monroeville | Norwalk, OH | Ohio |
|---|---|---|---|---|
| Home Value | $211,623 | $211,623 | N/A | $237,530 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.4% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 44847 (Monroeville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $211,623 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (3.8%). 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 44847
Population: 3,567
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 44847
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 1,446 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are eviction rules reasonable in Monroeville, OH?
Monroeville, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is Monroeville, OH suited for a house hack?
The a challenging house-hack environment in Monroeville, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Where do home prices stand in Monroeville, OH?
Monroeville, OH home values average about $212K. That price point suits investors targeting rentals with $1,035/mo in monthly income.
Does Monroeville, OH make sense for an investment property?
The 3.0/5 investability rating in Monroeville, OH reflects its $212K prices and $1,035/mo rents. Investors generally consider it a solid option within OH.
Is the tenant base reliable in Monroeville, OH?
Tenant demand in Monroeville, OH is solid. The local workforce $1,035/mo rents across most rental classes.
You know 44847 now. You don’t know where it ranks.
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How 44847 ranks in Norwalk, OH
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