Real Estate Investing in Shiloh, Ohio (44878)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44878 (Shiloh, 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: 13.4% 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 Shiloh, OH (44878)?
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Market Analysis: 44878 Shiloh
This part of Richland County is not an easy win. The 44878 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 44878 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Shiloh have seen price recovery that 44878 has not matched. Richland County data supports the view that the spread is structural rather than temporary.
The 44878 ZIP's population of 2,943 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
New investors are better served looking at Shiloh's stable or hybrid ZIPs before stepping into 44878. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Shiloh:
Property Strategy for 44878
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $144,701 | $1,130 | 5.6% | +7.4% | $72,351 |
| 3BR | $219,495 | $1,520 | 5.0% | +7.0% | $73,165 |
| 4BR | $321,327 | $1,770 | 4.0% | +8.0% | $80,332 |
Market Trends
Home Value History (with trend line)
📊 How Does 44878 Compare?
| Metric | 44878 | Shiloh | Mansfield, OH | Ohio |
|---|---|---|---|---|
| Home Value | $233,018 | $233,018 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.4% |
| Avg Rent | $1,017 | $1,017 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 44878 (Shiloh, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $233,018 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.4%). 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 44878
Population: 2,943
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 is the typical home price in Shiloh, OH?
Homes in Shiloh, OH typically sell near $233K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Should investors worry about vacancy in Shiloh, OH?
Vacancy in Shiloh, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,017/mo.
How strong is tenant demand in Shiloh, OH?
Working renters make up the core of the Shiloh, OH tenant base. The pool is reasonable for investors targeting long-term holds.
Is Shiloh, OH a good market for FHA house hackers?
Shiloh, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,017/mo rent level.
How landlord-friendly is Shiloh, OH?
Landlord-friendliness in Shiloh, OH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 44878 now. You don’t know where it ranks.
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How 44878 ranks in Mansfield, OH
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