Real Estate Investing in Richfield, Ohio (44286)
Should you buy in 44286 (Richfield, 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 price-to-rent: Price-to-rent ratio 31.7 — hard to cash-flow at these prices.
What’s happening in Richfield, OH (44286)?
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Market Analysis: 44286 Richfield
Not every below-median market is a bargain. Richfield's 44286 ZIP reports signals that favor experienced operators who can absorb the risk $504K pricing implies.
For an experienced owner, 44286 can be a a strong candidate for hunting ground — but the discount at $504K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Richfield have seen price recovery that 44286 has not matched. Summit County data supports the view that the spread is structural rather than temporary.
A solid renter share of 7% in 44286 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 44286 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Richfield:
Property Strategy for 44286
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $278,993 | $1,470 | 3.8% | +6.4% | $139,496 |
| 3BR | $362,236 | $1,790 | 3.6% | +6.2% | $120,745 |
| 4BR | $672,418 | $1,950 | 2.1% | +6.8% | $168,105 |
| 5BR | $904,571 | — | — | +6.4% | $180,914 |
Market Trends
Home Value History (with trend line)
📊 How Does 44286 Compare?
| Metric | 44286 | Richfield | Akron, OH | Ohio |
|---|---|---|---|---|
| Home Value | $503,503 | $503,503 | N/A | $237,530 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 7.4% |
| Avg Rent | $1,323 | $1,323 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44286 (Richfield, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $503,503 |
| Monthly Rent | $1,323 |
| Price-to-Rent | 31.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (2.1%). 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 44286
Population: 6,151
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 44286
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
Is real estate in Richfield, OH a good investment right now?
Richfield, OH rates 3.0/5 for investability. With median values at $504K and rents near $1,323/mo, the market offers reasonable fundamentals for rental investors.
What approach is best for Richfield, OH real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Richfield, OH. The numbers - $504K homes against $1,323/mo rents - support that play.
What do rentals go for in Richfield, OH?
Rental rates in Richfield, OH average $1,323/mo. Tenant demand and $504K home values make the yield look reasonable by investor standards.
Is vacancy a concern in Richfield, OH?
Expect elevated vacancy in Richfield, OH. Rents at $1,323/mo are absorbed by the tenant base without meaningful lag.
Does house hacking work in Richfield, OH?
House hacking in Richfield, OH is reasonable to execute. Prices around $504K and rents of $1,323/mo solid owner-occupant economics.
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