Is Painesville, OH a good place to invest in rental property?

Painesville, OH has a median modeled monthly cash flow of $-597 and a median cap rate of 3.7%, on a median sold price of $174,000. Prices changed +9.7% year over year.

What is the average cap rate in Painesville, OH?

The median cap rate across recently sold homes in Painesville, OH is 3.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Painesville, OH?

The median sold price in Painesville, OH is $174,000 (about $136 per square foot).

Investing in Painesville, OH Real Estate

A data-driven snapshot of the Painesville, OH rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$174,000Median sold price

$136Median $/sqft

3.7%Median cap rate

$-597Modeled cash flow / mo

+9.7%Appreciation YoY

22.5Months of supply

261Active listings

139Sold (last 12 mo)

What the Painesville numbers say

In Painesville, OH, the median home sold for $174,000 (about $136 per square foot), and the typical deal models out to a 3.7% cap rate with a median $-597 of monthly cash flow. Sold prices moved +9.7% over the past year. Inventory sits at about 22.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Ohio markets to compare

See Painesville cash-flowing listings

CashFlowRE ranks every for-sale home in Painesville, OH by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Painesville deals, or browse the national market data.