Real Estate Investing in Wakeman, Ohio (44889)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44889 (Wakeman, 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.
- Elevated vacancy: 11.1% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wakeman, OH (44889)?
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Market Analysis: 44889 Wakeman
Stepping back, ZIP 44889 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $285K median. It rewards specialists, not generalists.
Rent of $1,035/mo on a $285K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 44889 sits below the stated 0.0% once reality is priced in.
The gap between 44889 and stronger Wakeman ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 44889 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Wakeman:
Property Strategy for 44889
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $209,068 | $1,150 | 4.0% | +7.0% | $104,534 |
| 3BR | $286,520 | $1,440 | 3.6% | +7.2% | $95,507 |
| 4BR | $327,805 | $1,730 | 3.8% | +8.0% | $81,951 |
Market Trends
Home Value History (with trend line)
📊 How Does 44889 Compare?
| Metric | 44889 | Wakeman | Norwalk, OH | Ohio |
|---|---|---|---|---|
| Home Value | $284,530 | $284,530 | N/A | $237,530 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.4% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44889 (Wakeman, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $284,530 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 44889
Population: 7,251
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
Is it easy to find good tenants in Wakeman, OH?
The renter base in Wakeman, OH is reasonable for the $1,035/mo price point. Screening well and pricing to market typically yields stable tenants.
Is Wakeman, OH suited for a house hack?
For house hackers, Wakeman, OH is a challenging. The $1,035/mo rent on a unit helps defray the mortgage on a $285K property.
Where do home prices stand in Wakeman, OH?
Wakeman, OH median home values land near $285K. That is reasonable territory for investors looking at $1,035/mo-per-month rentals.
Is OH a landlord-friendly state?
The landlord environment in Wakeman, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the typical rental rate in Wakeman, OH?
Investors in Wakeman, OH typically see rents near $1,035/mo per month against $285K home values - a solid setup for rental cash flow.
You know 44889 now. You don’t know where it ranks.
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How 44889 ranks in Norwalk, OH
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