Real Estate Investing in Edison, Ohio (43320)
Should you buy in 43320 (Edison, OH)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 14.5% of homes vacant — above national norms.
What’s happening in Edison, OH (43320)?
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Market Analysis: 43320 Edison
The 43320 ZIP covers a section of Edison that demands careful diligence. Prices near $227K look accessible, but the work to make a deal cash flow is real.
Rent of $1,071/mo on a $227K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 43320 sits below the stated 0.0% once reality is priced in.
Within OH, ZIP 43320 trails on several market indicators that neighboring Morrow County submarkets outperform. The gap is real and robust enough to shape underwriting.
A healthy renter share of 8% in 43320 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 43320 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 Edison:
Property Strategy for 43320
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $236,031 | $1,440 | 4.4% | +7.3% | $78,677 |
| 4BR | $266,525 | $1,600 | 4.3% | +7.7% | $66,631 |
Market Trends
Home Value History (with trend line)
📊 How Does 43320 Compare?
| Metric | 43320 | Edison | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $226,970 | $226,970 | N/A | $237,530 |
| 5-Year CAGR | 2.0% | 2.0% | N/A | 7.4% |
| Avg Rent | $1,071 | $1,071 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43320 (Edison, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,970 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.7%). 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 43320
Population: 1,538
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
Investor Insight: With 1,277 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strict are landlord regulations in Edison, OH?
Edison, OH operates under OH law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
How strong is Edison, OH for real estate investors?
Edison, OH rates 2.0/5 for investability. With median values at $227K and rents near $1,071/mo, the market offers reasonable fundamentals for rental investors.
What is the best play in Edison, OH?
For Edison, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Does house hacking make sense in Edison, OH?
House hacking in Edison, OH is reasonable to execute. Prices around $227K and rents of $1,071/mo solid owner-occupant economics.
What kind of tenants rent in Edison, OH?
Tenant quality in Edison, OH ranks as solid. Landlords generally report reliable occupancy at market rents of $1,071/mo.
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