Real Estate Investing in New Washington, Ohio (44854)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44854 (New Washington, OH)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in New Washington, OH (44854)?
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Market Analysis: 44854 New Washington
ZIP 44854 in New Washington, OH carries a durable set of headwinds. Home values near $186K and rents of $945/mo sit inside a market where underwriting has to be tight.
Rent of $945/mo on a $186K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 44854 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 44854 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 44854 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. significant returns are possible in 44854, 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 New Washington:
Property Strategy for 44854
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $175,292 | $1,380 | 5.7% | +7.3% | $58,431 |
| 4BR | $218,615 | $1,390 | 4.6% | +7.2% | $54,654 |
Market Trends
Home Value History (with trend line)
📊 How Does 44854 Compare?
| Metric | 44854 | New Washington | Bucyrus-Galion, OH | Ohio |
|---|---|---|---|---|
| Home Value | $185,547 | $185,547 | N/A | $237,530 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 7.4% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44854 (New Washington, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,547 |
| Monthly Rent | $945 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (4.0%). 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 44854
Population: 1,459
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 44854
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
What is the rental occupancy rate in New Washington, OH?
New Washington, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is New Washington, OH good for landlords?
New Washington, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What price range are homes in New Washington, OH?
The median home value in New Washington, OH is roughly $186K. That puts it reasonable relative to the OH statewide average.
What approach is best for New Washington, OH real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in New Washington, OH. The numbers - $186K homes against $945/mo rents - support that play.
What is the typical renter like in New Washington, OH?
New Washington, OH offers a measured renter base at the $945/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 44854 now. You don’t know where it ranks.
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How 44854 ranks in Bucyrus-Galion, OH
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