Real Estate Investing in Lexington, Ohio (44904)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44904 (Lexington, OH)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Lexington, OH (44904)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44904 Lexington
On balance, ZIP 44904 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $277K median. It rewards specialists, not generalists.
The 44904 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 44904 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On balance, 14,057 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 44904 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Lexington:
Property Strategy for 44904
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $227,898 | $1,070 | 3.4% | +9.4% | $113,949 |
| 3BR | $246,654 | $1,290 | 3.8% | +8.7% | $82,218 |
| 4BR | $331,516 | $1,500 | 3.3% | +7.8% | $82,879 |
| 5BR | $405,460 | — | — | +7.9% | $81,092 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44904 Compare?
| Metric | 44904 | Lexington | Mansfield, OH | Ohio |
|---|---|---|---|---|
| Home Value | $276,957 | $276,957 | N/A | $237,530 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.4% |
| Avg Rent | $1,906 | $1,906 | N/A | - |
| Cap Rate | 5.4% | 5.4% | - | - |
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 44904 (Lexington, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 44904 (Lexington, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $276,957 |
| Monthly Rent | $1,906 |
| Price-to-Rent | 12.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (5.4%). 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 44904
Population: 14,057
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 44904
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 Lexington, OH?
Typical homes in Lexington, OH go for around $277K. The 5-year CAGR of 0.0% reliable price movement.
What strategy should investors use in Lexington, OH?
Lexington, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($277K prices, $1,906/mo rents) make it a reasonable choice.
How qualified is the tenant pool in Lexington, OH?
Tenant quality in Lexington, OH ranks as solid. Landlords generally report stable occupancy at market rents of $1,906/mo.
Are landlord laws favorable in Lexington, OH?
OH ranks as a landlord-friendly state for landlord-tenant law. Lexington generally follows the statewide framework, so landlords face reasonable operating rules.
Is Lexington, OH good for house hacking?
House hacking works a challenging in Lexington, OH. Rents of $1,906/mo against $277K acquisition make the strategy solid for owner-occupants.
You know 44904 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 44904 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 44904 ranks in Mansfield, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 44904 (Lexington)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 44904 (Lexington, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.