Real Estate Investing in Sullivan, Ohio (44880)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44880 (Sullivan, 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 price-to-rent: Price-to-rent ratio 25.5 — 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 Sullivan, OH (44880)?
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Market Analysis: 44880 Sullivan
ZIP 44880 in Sullivan, OH carries a notable set of headwinds. Home values near $295K and rents of $963/mo sit inside a market where underwriting has to be tight.
The investment case in 44880 is robust only for operators who understand what they are buying. A $295K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within OH, ZIP 44880 trails on several market indicators that neighboring Ashland County submarkets outperform. The gap is real and robust enough to shape underwriting.
A sturdy renter share of 5% in 44880 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 44880 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Sullivan:
Property Strategy for 44880
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $226,093 | $1,070 | 3.4% | +9.3% | $113,047 |
| 3BR | $299,435 | $1,370 | 3.3% | +8.3% | $99,812 |
| 4BR | $332,851 | $1,560 | 3.4% | +9.0% | $83,213 |
Market Trends
Home Value History (with trend line)
📊 How Does 44880 Compare?
| Metric | 44880 | Sullivan | Ashland, OH | Ohio |
|---|---|---|---|---|
| Home Value | $294,640 | $294,640 | N/A | $237,530 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.4% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44880 (Sullivan, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $294,640 |
| Monthly Rent | $963 |
| Price-to-Rent | 25.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 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 (2.6%). 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 44880
Population: 3,131
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 44880
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
How expensive is real estate in Sullivan, OH?
The median home value in Sullivan, OH is roughly $295K. That puts it reasonable relative to the OH statewide average.
Is Sullivan, OH a smart market for rental property?
With a 3.0/5 investability score, Sullivan, OH ranks as a solid market for rental property investors. Median prices of $295K and rents of $963/mo drive the underlying numbers.
Do rentals sit vacant long in Sullivan, OH?
Rental vacancy in Sullivan, OH is elevated. Investors should budget normal turnover but not chronic empty units.
How do landlord-tenant laws work in Sullivan, OH?
OH ranks as a landlord-friendly state for landlord-tenant law. Sullivan generally follows the statewide framework, so landlords face reasonable operating rules.
What is the best play in Sullivan, OH?
For Sullivan, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 44880 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44880 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 44880 ranks in Ashland, OH
Every ZIP in this metro, ranked. Free.
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