Real Estate Investing in Philo, Ohio

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1 ZIP codes • Population: 2,225 • Muskingum County

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

🏠 For Homebuyers
GOOD FIT
Grade B (75/100)

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

📈 For Investors
MIXED
3.0 / 5 (52/100)

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.

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.5% 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 $159,364
Avg Monthly Rent $873
ZIP Codes 1

Investing in Philo Real Estate

This is a distressed-leaning corner of Ohio: Philo has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

clearly Philo's aggregate rating of ★★★☆☆ reflects soft investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

The $873/mo / $159K relationship in Philo looks sluggish once vacancy and capex are incorporated into underwriting. leans the realized yield tends to disappoint.

Demographics in Philo show real pressure — median income of $N/AK is muted relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Zanesville, OH

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$159,364
Avg Monthly Rent
$873
1% Rule
✗ Below
Landlord Friendly (OH)

📉 Market Crash Risk Index

Based on Zanesville, OH metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
55%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Zanesville, OH metro
0
Days to pending
8.6%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Philo, OH

Screen every ZIP in Philo

Filter Philo’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Philo, OH

Is Philo, OH good for landlords?

Philo, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

Is the tenant base reliable in Philo, OH?

Tenant demand in Philo, OH is solid. The local workforce $873/mo rents across most rental classes.

How tight is the rental market in Philo, OH?

Philo, OH carries elevated vacancy risk. Expect reliable absorption at market rents of $873/mo.

Which real estate strategy fits Philo, OH?

The best-fit strategy in Philo, OH is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

Are homes affordable in Philo, OH?

Philo, OH median home values land near $159K. That is reasonable territory for investors looking at $873/mo-per-month rentals.

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