Real Estate Investing in Waterville, Ohio

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1 ZIP codes • Population: 8,350 • Lucas County

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

🏠 For Homebuyers
GOOD FIT
Grade B (71/100)

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.

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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 $346,097
Avg Monthly Rent $1,359
ZIP Codes 1

Investing in Waterville Real Estate

With a sizable population across 1 ZIPs, Waterville shows the kind of lackluster fundamentals that keep most out-of-state capital on the sidelines.

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

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

A an established population with $N/AK household income profile is what makes Waterville a challenging rental market — the tenant base is present, but the affordability math is tight.

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 Toledo, OH

Waterville 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 Lucas County

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Flex Realty Property Management has been providing high quality and personal property management services in Toledo, Ohio since 1991. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$346,097
Avg Monthly Rent
$1,359
1% Rule
✗ Below
Landlord Friendly (OH)

📉 Market Crash Risk Index

Based on Toledo, OH metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
41%
Days Pending
0/2
30 days

View all metro crash risk rankings →

⚖️ Balanced Market — Toledo, OH metro
30
Days to pending
9.7%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Waterville, OH

Screen every ZIP in Waterville

Filter Waterville’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 Waterville, OH

Do landlords face vacancy issues in Waterville, OH?

Waterville, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

What approach is best for Waterville, OH real estate?

Waterville, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($346K prices, $1,359/mo rents) make it a reasonable choice.

What are rental rates like in Waterville, OH?

Waterville, OH rentals go for roughly $1,359/mo a month. That puts gross yield in solid territory relative to $346K acquisition costs.

Is the tenant base reliable in Waterville, OH?

Waterville, OH offers a even-keeled renter base at the $1,359/mo rent level. Tenant turnover is reasonable for well-managed properties.

What is the investability score for Waterville, OH?

With a 3.0/5 investability score, Waterville, OH ranks as a solid market for rental property investors. Median prices of $346K and rents of $1,359/mo drive the underlying numbers.

Community Ratings

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