Real Estate Investing in Lockbourne, Ohio (43137)
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Should you buy in 43137 (Lockbourne, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Lockbourne, OH (43137)?
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Market Analysis: 43137 Lockbourne
Turning to rents, ZIP 43137 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $319K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 43137 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 43137 sits on the difficult end of the OH spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 43137 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 43137 is an operator game, not a passive one. Turning to rents, entry prices of $319K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Lockbourne:
Property Strategy for 43137
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $303,152 | $1,650 | 3.9% | +6.9% | $101,051 |
| 4BR | $347,494 | $1,860 | 3.9% | +6.6% | $86,873 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43137 Compare?
| Metric | 43137 | Lockbourne | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $318,571 | $318,571 | N/A | $237,530 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 7.4% |
| Avg Rent | $1,530 | $1,530 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43137 (Lockbourne, OH). Anonymous, moderated, never written by AI.
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Property managers serving Franklin 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
Heart & Home Property Management offers services for single-family homes and multi-family properties in Columbus, including rentals and owner support. summary from their website
SBS Property Management provides management, maintenance, inspections, finances, and communications for Condominium and Homeowner Associations across Ohio. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $318,571 |
| Monthly Rent | $1,530 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.8%). 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 43137
Population: 2,188
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
🎓 Nearby Colleges & Universities
Investor Insight: With 8,216 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Lockbourne, OH for investors?
Lockbourne, OH rates 3.0/5 for investability. With median values at $319K and rents near $1,530/mo, the market offers reasonable fundamentals for rental investors.
Do rentals sit vacant long in Lockbourne, OH?
Occupancy in Lockbourne, OH runs consistent with elevated vacancy. Well-priced units at $1,530/mo lease on reasonable timelines.
What investment strategy works best in Lockbourne, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Lockbourne, OH. With home values at $319K and rents near $1,530/mo, other strategies can work but produce stable rather than outsized returns.
Does house hacking work in Lockbourne, OH?
The a challenging house-hack environment in Lockbourne, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the tenant pool like in Lockbourne, OH?
Working renters make up the core of the Lockbourne, OH tenant base. The pool is reasonable for investors targeting long-term holds.
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How 43137 ranks in Columbus, OH
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