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Market MapOhioSummit

Summit County

OhioPopulation: 539,361
70
/100
Buy
#148 of 1,000 counties
#37 in Ohio (88 counties)

Market Snapshot

$217,839
Median Home Price
20% below national median
$1,234/mo
Median Rent
18% below national median
6.80%
Rent-to-Price Ratio
Top 27% nationally
-$340
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$217,839
Down Payment (20%)$43,568
Loan Amount$174,271
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,234
Monthly P&I-$1,142
Est. Expenses (35%)-$432
Net Cash Flow-$340/mo
4.4%
Cap Rate (all cash)
-8.1%
Cash-on-Cash Return
6.80%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.4% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
70/100
70
Cash Flow(30%)
68/100

Based on 6.80% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
83/100

Based on 3.9% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
82/100

Price-to-income ratio of 3.2x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (6.80%)
  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Negative cash flow at typical financing (-$340/mo)
  • -Negative leverage (cap rate 4.4% < mortgage rate 6.9%)

Economic Indicators

Population
539,361
Median Income
$68,360
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.2x
Moderately affordable

Compare to Nearby Counties

CountyVerdict
CurrentSummitOH
70$217,839$1,2346.80%Buy
StarkOH
70$208,291$1,1136.41%BuyView
ClarkOH
70$193,527$1,0846.72%BuyView
ErieOH
70$228,638$1,4057.38%BuyView
ShelbyOH
70$233,201$1,3586.99%BuyView
ClintonOH
70$241,961Est. pending—BuyView

The Bottom Line

BuySummit offers solid investment potential with good cash flow or appreciation prospects.

Summit County in Ohio scores 70/100, ranking #148 of 1,000 US counties (top 15%). The 6.80% rent-to-price ratio indicates moderate cash flow potential. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-340/mo
Cap Rate
4.4%
Cash-on-Cash
-8.1%

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