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Off-Market Properties in Newark, Ohio
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Off-Market Properties in Newark, Ohio

Licking County seat, the market closest to the Intel build. Zip codes 43055, 43056.

Newark is the county seat of Licking County, about 35 minutes east of downtown Columbus and a short drive from the Intel site in New Albany. It has an older housing stock, low entry prices, and a rental market that has tightened as construction workers and new employers moved in.

The housing

1890s to 1930s frame two story houses and cottages near downtown and the north end, 1950s ranches to the west and south, and newer subdivisions toward Heath and Granville. Deep lots with alleys and detached garages are common in the older sections.

The numbers

Houses needing work trade from the 50s to the 110s. Renovated three beds have sold from 150 to 210 in the better sections. Rents for a three bed run 1,200 to 1,550 and have been climbing.

What works here

Buy and hold is the natural play with rents rising faster than prices. Flips work on the north end and near Granville Road where buyers are more discerning. Expect older mechanicals and roofs in the downtown stock.

Price and rent ranges are our working observations from recent deals and comps, rounded. They move. Check current comps before you offer.

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We have been sourcing more Licking County deals as Columbus investors look east.

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