Real Estate Investing in Peninsula, Ohio (44264)
Should you buy in 44264 (Peninsula, 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 vacancy: 12.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.5 — hard to cash-flow at these prices.
What’s happening in Peninsula, OH (44264)?
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Market Analysis: 44264 Peninsula
Investors eyeing 44264 need to respect the fundamentals at play. Home values of $425K come alongside slower price movement and elevated management overhead.
On the rental side, the numbers look inviting — $425K purchase price, 0.0% nominal cap — the work to hit that pro forma in 44264 is substantial and deserves full respect.
Statewide comparisons place 44264 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A impressive renter share of 12% in 44264 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Peninsula's stable or hybrid ZIPs before stepping into 44264. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Peninsula:
Property Strategy for 44264
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $249,566 | $1,430 | 4.1% | +6.8% | $124,783 |
| 3BR | $382,471 | $1,740 | 3.3% | +6.5% | $127,490 |
| 4BR | $495,680 | $1,900 | 2.8% | +5.9% | $123,920 |
Market Trends
Home Value History (with trend line)
📊 How Does 44264 Compare?
| Metric | 44264 | Peninsula | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $424,923 | $424,923 | N/A | $237,530 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.4% |
| Avg Rent | $1,287 | $1,287 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 44264 (Peninsula, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $424,923 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 27.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (2.4%). 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 44264
Population: 3,599
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 44264
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 3,883 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average monthly rent in Peninsula, OH?
Rent in Peninsula, OH is around $1,287/mo. The resulting rent-to-value relationship with $425K pricing is reasonable for most investor models.
How much should I expect to pay for a home in Peninsula, OH?
Expect median prices around $425K in Peninsula, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Is real estate in Peninsula, OH a good investment right now?
Peninsula, OH rates 3.0/5 for investability. With median values at $425K and rents near $1,287/mo, the market offers reasonable fundamentals for rental investors.
How should investors approach Peninsula, OH?
In Peninsula, OH the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $425K prices and $1,287/mo rents suits that approach.
Are there empty rentals in Peninsula, OH?
Peninsula, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
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