Real Estate Investing in Montgomery County, Ohio

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

28 ZIP codes • Population: 500,512

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

🏠 For Homebuyers
GOOD FIT
Grade B (70/100)

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

πŸ“ˆ For Investors
GOOD
3.5 / 5 (64/100)

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

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 9.8% vacancy may signal weakening demand.

What’s happening in Montgomery County, OH?

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3.5/ 5

Investability

County-wide average

3.0/ 5

Appreciation

6.2% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $205,723
Avg Monthly Rent $1,305
ZIP Codes 28

Investing in Montgomery County Real Estate

With 500,512 residents across 16 cities, Montgomery County shows muted fundamentals that keep most passive capital on the sidelines β€” a region that demands real local knowledge.

A 3.5 rating and a 0.0% 5-year CAGR are the kinds of numbers that warrant real local underwriting. Montgomery County sits firmly in that category.

Population dynamics in Montgomery haven't been supportive. better suited elsewhere for combined with underwhelming income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Montgomery County, OH. Anonymous, moderated, never written by AI.

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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

Single-familySmall multifamilyCommercial
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Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$205,723
Avg Monthly Rent
$1,305
1% Rule
βœ— Below
Landlord Friendly (OH)
β˜…β˜…β˜…β˜…β˜…

πŸŽ“ Colleges & Universities in Montgomery County

17 Colleges 41,794 Students 6,621 Off-Campus Renters
B
University of Dayton
4-Year Private Β· 11,304 students
C+
Sinclair Community College
4-Year Public Β· 17,431 students
πŸ“ ~5,386 students rent off-campus
C+
Miami Valley Career Technology Center
Vocational Public Β· 84 students
C+
Creative Images Institute of Cosmetology-South Dayton
2-Year For-Profit Β· 52 students
C+
Wright State University-Main Campus
4-Year Public Β· 9,884 students
πŸ“ ~1,235 students rent off-campus
C+
Kettering College
4-Year Private Β· 812 students
C+
Ohio Business College-Dayton-Driving Academy
Vocational For-Profit Β· 126 students
C+
Dayton Barber College
2-Year For-Profit Β· 60 students
C
International College of Broadcasting
2-Year For-Profit Β· 44 students
C
Ohio Medical Career College
2-Year For-Profit Β· 121 students
C
Creative Images Institute of Cosmetology-North Dayton
2-Year For-Profit Β· 186 students
C
Ohio Institute of Allied Health
2-Year Private Β· 39 students
D
United Theological Seminary
4-Year Private Β· 471 students
D
Dayton School of Medical Massage
Vocational For-Profit Β· 425 students
D
The Modern College of Design
4-Year For-Profit Β· 189 students
D
Fortis College-Centerville
2-Year For-Profit Β· 460 students
D
Ross Medical Education Center-Dayton
Vocational For-Profit Β· 106 students

Investor Insight: With 6,621 students living off-campus, Montgomery County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Montgomery County

ZIP Codes in Montgomery County, OH

45424 β˜… β˜… β˜… β˜… β˜…
Huber Heights
Population 49,871
Avg Home $227,612
Avg Rent $1,345/mo
45458 β˜… β˜… β˜… β˜… β˜…
Centerville
Population 37,413
Avg Home $428,137
Avg Rent $1,693/mo
45342 β˜… β˜… β˜… β˜… β˜…
Miamisburg
Population 36,675
Avg Home $265,686
Avg Rent $1,288/mo
45459 β˜… β˜… β˜… β˜… β˜…
Dayton
Population 28,454
Avg Home $339,554
Avg Rent $1,570/mo
45417 β˜… β˜… β˜… β˜… β˜…
Dayton
Population 28,161
Avg Home $75,210
Avg Rent $1,091/mo
45429 β˜… β˜… β˜… β˜… β˜…
Kettering
Population 26,510
Avg Home $278,475
Avg Rent $1,466/mo
45420 β˜… β˜… β˜… β˜… β˜…
Kettering
Population 23,956
Avg Home $170,210
Avg Rent $1,307/mo
45322 β˜… β˜… β˜… β˜… β˜…
Englewood
Population 20,978
Avg Home $230,415
Avg Rent $1,409/mo
45414 β˜… β˜… β˜… β˜… β˜…
Dayton
Population 20,479
Avg Home $186,805
Avg Rent $1,521/mo
45406 β˜… β˜… β˜… β˜… β˜…
Dayton
Population 20,261
Avg Home $91,777
Avg Rent $1,084/mo
45405 β˜… β˜… β˜… β˜… β˜…
Dayton
Population 19,322
Avg Home $90,890
Avg Rent $1,059/mo
45449 β˜… β˜… β˜… β˜… β˜…
West Carrollton
Population 18,627
Avg Home $193,254
Avg Rent $1,379/mo
45419 β˜… β˜… β˜… β˜… β˜…
Oakwood
Population 16,583
Avg Home $283,788
Avg Rent $1,401/mo
45409 β˜… β˜… β˜… β˜… β˜…
Oakwood
Population 15,677
Avg Home $252,712
Avg Rent $1,416/mo
45410 β˜… β˜… β˜… β˜… β˜…
Dayton
Population 15,617
Avg Home $131,225
Avg Rent $1,214/mo
45377 β˜… β˜… β˜… β˜… β˜…
Vandalia
Population 14,972
Avg Home $248,805
Avg Rent $1,035/mo
45403 β˜… β˜… β˜… β˜… β˜…
Dayton
Population 13,831
Avg Home $101,655
Avg Rent $1,037/mo
45426 β˜… β˜… β˜… β˜… β˜…
Trotwood
Population 13,582
Avg Home $172,404
Avg Rent $1,401/mo
45439 β˜… β˜… β˜… β˜… β˜…
Moraine
Population 12,246
Avg Home $172,868
Avg Rent $1,407/mo
45415 β˜… β˜… β˜… β˜… β˜…
Clayton
Population 12,171
Avg Home $232,825
Avg Rent $1,071/mo
45309 β˜… β˜… β˜… β˜… β˜…
Brookville
Population 11,905
Avg Home $276,707
Avg Rent $1,107/mo
45404 β˜… β˜… β˜… β˜… β˜…
Dayton
Population 10,762
Avg Home $105,104
Avg Rent $1,200/mo
45402 β˜… β˜… β˜… β˜… β˜…
Dayton
Population 9,964
Avg Home $75,304
Avg Rent $1,420/mo
45327 β˜… β˜… β˜… β˜… β˜…
Germantown
Population 8,949
Avg Home $272,470
Avg Rent $1,062/mo
45416 β˜… β˜… β˜… β˜… β˜…
Trotwood
Population 5,353
Avg Home $96,391
Avg Rent $1,331/mo
45315 β˜… β˜… β˜… β˜… β˜…
Englewood
Population 4,804
Avg Home $292,841
Avg Rent $1,665/mo
45325 β˜… β˜… β˜… β˜… β˜…
Farmersville
Population 2,746
Avg Home $301,538
Avg Rent $1,242/mo
45354 β˜… β˜… β˜… β˜… β˜…
Phillipsburg
Population 643
Avg Home $165,579
Avg Rent $1,314/mo

Screen every market in Montgomery County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Montgomery County

What approach is best for, OH real estate?

, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($206K prices, $1,305/mo rents) make it a reasonable choice.

Are rents high in, OH?

Rental rates in, OH average $1,305/mo. Tenant demand and $206K home values make the yield look reasonable by investor standards.

What is the renter demographic in, OH?

Tenant demand in, OH is solid. The local workforce $1,305/mo rents across most rental classes.

Is OH a landlord-friendly state?

OH law tenant-protective for landlords, and inherits those rules. Investors should still review local ordinances for rental licensing.

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