Real Estate Investing in Perrysville, Ohio (44864)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44864 (Perrysville, 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: 17.1% 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 Perrysville, OH (44864)?
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Market Analysis: 44864 Perrysville
Investors eyeing 44864 need to respect the fundamentals at play. Home values of $252K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 44864 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 44864 and stronger Perrysville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 44864 includes headwinds that any investor should price in. Income distribution skews lower than Perrysville averages, and tenant stability requires active management.
The right play in 44864 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Perrysville:
Property Strategy for 44864
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $184,467 | $1,020 | 4.0% | +9.5% | $92,234 |
| 3BR | $270,693 | $1,350 | 3.6% | +9.7% | $90,231 |
| 4BR | $383,093 | $1,550 | 2.9% | +10.4% | $95,773 |
Market Trends
Home Value History (with trend line)
📊 How Does 44864 Compare?
| Metric | 44864 | Perrysville | Ashland, OH | Ohio |
|---|---|---|---|---|
| Home Value | $252,160 | $252,160 | N/A | $237,530 |
| 5-Year CAGR | 8.1% | 8.1% | N/A | 7.4% |
| Avg Rent | $918 | $918 | 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 44864 (Perrysville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $252,160 |
| Monthly Rent | $918 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +8.4% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 44864
Population: 3,089
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What do rentals go for in Perrysville, OH?
Average rent in Perrysville, OH is approximately $918/mo per month. Against $252K home values that yields a reasonable rent-to-price ratio.
Is the tenant base reliable in Perrysville, OH?
The renter base in Perrysville, OH is reasonable for the $918/mo price point. Screening well and pricing to market typically yields reliable tenants.
How should investors approach Perrysville, OH?
Most investors in Perrysville, OH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How viable is house hacking in Perrysville, OH?
The house hack math a challenging in Perrysville, OH. Owner-occupant buyers benefit from the $918/mo rents and $252K home values.
How strict are landlord regulations in Perrysville, OH?
Rental owners in Perrysville, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 44864 now. You don’t know where it ranks.
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How 44864 ranks in Ashland, OH
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