Real Estate Investing in Centerville, Ohio

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1 ZIP codes • Population: 37,413 • Montgomery County

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Should you buy in Centerville, OH? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (76/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Centerville, OH?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.4% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $428,137
Avg Monthly Rent $1,693
ZIP Codes 1

Investing in Centerville Real Estate

Centerville, OH covers 1 ZIP codes and a population but the investment metrics here are sluggish — this is not a market to enter casually.

Centerville is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. clearly out-of-state investors should be especially careful with the assumptions they carry in.

Rent trends and price trends in Centerville are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Ohio.

Centerville's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

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Best ZIP codes in Dayton-Kettering, OH

Centerville is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable → 1% Rule →

Landlord Ground Truth

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Property managers serving Montgomery County

Manage rentals here? List your business →

Associa RPM provides comprehensive HOA and condominium management services in the greater Columbus, Dublin, Cincinnati, and Dayton areas of Ohio. summary from their website

HOA
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Eclipse Community Management offers HOA & Condo Management services in Ohio & Kentucky. summary from their website

HOA
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Frost Property Management offers deluxe, experienced property management services in South Florida for single families, residential condos, multifamilies, and commercial spaces. summary from their website

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Avg Home Value
$428,137
Avg Monthly Rent
$1,693
1% Rule
✗ Below
Landlord Friendly (OH)

🎓 Colleges & Universities in Centerville

1 College 460 Students
D
Fortis College-Centerville
2-Year For-Profit · 460 students

ZIP Codes in Centerville, OH

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Frequently Asked Questions About Centerville, OH

What kind of market is Centerville, OH for investors?

Centerville, OH rates 3.0/5 for investability. With median values at $428K and rents near $1,693/mo, the market offers reasonable fundamentals for rental investors.

Do landlords face vacancy issues in Centerville, OH?

Occupancy in Centerville, OH runs even-keeled with elevated vacancy. Well-priced units at $1,693/mo lease on reasonable timelines.

What are home prices like in Centerville, OH?

In Centerville, OH the median home value sits at $428K. Against the broader OH market, that reads as reasonable for most investors.

Can owner-occupants cash flow in Centerville, OH?

House hacking in Centerville, OH is a challenging. With home values around $428K and rents at $1,693/mo, owner-occupants can offset a meaningful share of PITI.

Where do rents currently stand in Centerville, OH?

Rent in Centerville, OH is around $1,693/mo. The resulting rent-to-value relationship with $428K pricing is reasonable for most investor models.

Community Ratings

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