Real Estate Investing in Newark, Ohio (43055)
Should you buy in 43055 (Newark, 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.
- Elevated vacancy: 8.8% vacancy may signal weakening demand.
What’s happening in Newark, OH (43055)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43055 Newark
ZIP 43055 in Newark, OH carries a durable set of headwinds. Home values near $251K and rents of $1,112/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 43055 can be a a credible choice for hunting ground — but the discount at $251K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 43055 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Looking more closely, 62,697 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 43055 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 Newark:
Property Strategy for 43055
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $136,490 | $930 | 4.9% | +10.8% | $136,490 |
| 2BR | $179,885 | $1,120 | 4.5% | +9.5% | $89,943 |
| 3BR | $248,248 | $1,340 | 3.9% | +8.8% | $82,749 |
| 4BR | $339,459 | $1,510 | 3.2% | +8.2% | $84,865 |
| 5BR | $412,649 | — | — | +8.1% | $82,530 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43055 Compare?
| Metric | 43055 | Newark | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $250,913 | $250,913 | N/A | $237,530 |
| 5-Year CAGR | 7.6% | 7.6% | N/A | 7.4% |
| Avg Rent | $1,112 | $1,112 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 43055 (Newark, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $250,913 |
| Monthly Rent | $1,112 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | -8.7% ▼ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.5%). 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 43055
Population: 62,697
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 43055
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
Investor Insight: With 1,665 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Newark, OH?
Expect median prices around $251K in Newark, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
What are vacancy rates like in Newark, OH?
Vacancy in Newark, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,112/mo.
How does Newark, OH rate as a rental market?
Newark, OH scores 3.0/5 for investability. Home values sit at $251K and rents near $1,112/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Newark, OH a friendly market for rental owners?
For rental operators, Newark, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Can owner-occupants cash flow in Newark, OH?
Newark, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $251K price point reasonable to enter.
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