Real Estate Investing in Millersport, Ohio (43046)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43046 (Millersport, OH)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.9 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Millersport, OH (43046)?
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Market Analysis: 43046 Millersport
This part of Fairfield County is not an easy win. The 43046 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Put differently, the numbers look inviting — $394K purchase price, 0.0% nominal cap — the work to hit that pro forma in 43046 is substantial and deserves full respect.
Regionally, 43046 sits on the difficult end of the OH spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 43046 includes headwinds that any investor should price in. Income distribution skews lower than Millersport averages, and tenant stability requires active management.
Distressed ZIPs reward experience. solid returns are possible in 43046, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Millersport:
Property Strategy for 43046
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $304,584 | $1,260 | 3.0% | +8.7% | $152,292 |
| 3BR | $391,334 | $1,510 | 2.8% | +7.9% | $130,445 |
| 4BR | $531,733 | $1,700 | 2.3% | +8.8% | $132,933 |
Market Trends
Home Value History (with trend line)
📊 How Does 43046 Compare?
| Metric | 43046 | Millersport | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $393,585 | $393,585 | N/A | $237,530 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 7.4% |
| Avg Rent | $1,134 | $1,134 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43046 (Millersport, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $393,585 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 28.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 43046
Population: 3,128
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 43046
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,827 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How deep is the rental pool in Millersport, OH?
Working renters make up the core of the Millersport, OH tenant base. The pool is reasonable for investors targeting long-term holds.
Do landlords face vacancy issues in Millersport, OH?
Millersport, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is housing expensive in Millersport, OH?
Typical homes in Millersport, OH go for around $394K. The 5-year CAGR of 0.0% reliable price movement.
Is rental property easy to operate in Millersport, OH?
OH law landlord-friendly for landlords, and Millersport inherits those rules. Investors should still review local ordinances for rental licensing.
How does Millersport, OH stack up for property investment?
The 3.0/5 investability rating in Millersport, OH reflects its $394K prices and $1,134/mo rents. Investors generally consider it a solid option within OH.
You know 43046 now. You don’t know where it ranks.
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How 43046 ranks in Columbus, OH
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