Real Estate Investing in Polk, Ohio (44866)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44866 (Polk, 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 25.8 — 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 Polk, OH (44866)?
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Market Analysis: 44866 Polk
Not every below-median market is a bargain. Polk's 44866 ZIP clocks in at signals that favor experienced operators who can absorb the risk $270K pricing implies.
For an experienced owner, 44866 can be a a credible choice for hunting ground — but the discount at $270K reflects genuine risk that outside investors often underestimate.
In the broader OH picture, 44866 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 44866 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 44866 is an operator game, not a passive one. On balance, entry prices of $270K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Polk:
Property Strategy for 44866
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $204,475 | $970 | 3.4% | +8.9% | $102,237 |
| 3BR | $273,863 | $1,280 | 3.4% | +8.8% | $91,288 |
| 4BR | $321,767 | $1,470 | 3.3% | +9.4% | $80,442 |
Market Trends
Home Value History (with trend line)
📊 How Does 44866 Compare?
| Metric | 44866 | Polk | Ashland, OH | Ohio |
|---|---|---|---|---|
| Home Value | $270,331 | $270,331 | N/A | $237,530 |
| 5-Year CAGR | 7.3% | 7.3% | 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 44866 (Polk, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $270,331 |
| Monthly Rent | $873 |
| Price-to-Rent | 25.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (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 44866
Population: 2,454
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 approach is best for Polk, OH real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Polk, OH. The numbers - $270K homes against $873/mo rents - support that play.
What are rental rates like in Polk, OH?
Average rent in Polk, OH is approximately $873/mo per month. Against $270K home values that yields a reasonable rent-to-price ratio.
What kind of vacancy should I budget for in Polk, OH?
Occupancy in Polk, OH runs predictable with elevated vacancy. Well-priced units at $873/mo lease on reasonable timelines.
Is Polk, OH suited for a house hack?
The a challenging house-hack environment in Polk, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How do landlord-tenant laws work in Polk, OH?
OH ranks as a landlord-friendly state for landlord-tenant law. Polk generally follows the statewide framework, so landlords face reasonable operating rules.
You know 44866 now. You don’t know where it ranks.
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How 44866 ranks in Ashland, OH
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