Real Estate Investing in Nevada, Ohio (44849)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44849 (Nevada, 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: 9.2% 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 Nevada, OH (44849)?
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Market Analysis: 44849 Nevada
The 44849 ZIP in Nevada, OH is a local-operator market. Outside capital chasing a $186K entry has to pair deep knowledge with the discount.
On balance, the numbers look inviting — $186K purchase price, 0.0% nominal cap — the work to hit that pro forma in 44849 is substantial and deserves full respect.
Looking more closely, 44849 offers a low basis, the region around Nevada has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
From an investor standpoint, 2,177 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 44849 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 Nevada:
Property Strategy for 44849
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $123,102 | $1,080 | 6.3% | +6.5% | $61,551 |
| 3BR | $197,387 | $1,390 | 5.1% | +7.8% | $65,796 |
| 4BR | $194,927 | $1,560 | 5.8% | +7.4% | $48,732 |
Market Trends
Home Value History (with trend line)
📊 How Does 44849 Compare?
| Metric | 44849 | Nevada | Bucyrus-Galion, OH | Ohio |
|---|---|---|---|---|
| Home Value | $186,151 | $186,151 | N/A | $237,530 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.4% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44849 (Nevada, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $186,151 |
| Monthly Rent | $972 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +11.7% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (4.1%). 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 44849
Population: 2,177
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
Frequently Asked Questions
How strong is Nevada, OH for real estate investors?
Nevada, OH scores 3.0/5 for investability. Home values sit at $186K and rents near $972/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much rent can I charge in Nevada, OH?
Rents in Nevada, OH run near $972/mo. Compared with median home prices of $186K that produces solid gross yields for typical rentals.
What is the typical home price in Nevada, OH?
Homes in Nevada, OH typically sell near $186K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Are landlord laws favorable in Nevada, OH?
Rental owners in Nevada, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is vacancy a concern in Nevada, OH?
Rental vacancy in Nevada, OH is elevated. Investors should budget normal turnover but not chronic empty units.
You know 44849 now. You don’t know where it ranks.
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How 44849 ranks in Bucyrus-Galion, OH
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