Real Estate Investing in Ridgeway, Ohio (43345)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43345 (Ridgeway, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
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.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ridgeway, OH (43345)?
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Market Analysis: 43345 Ridgeway
From a cash-flow lens, ZIP 43345 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $255K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $255K asset, 43345 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 43345 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A impressive renter share of 5% in 43345 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Ridgeway:
Market Trends
Home Value History (with trend line)
📊 How Does 43345 Compare?
| Metric | 43345 | Ridgeway | Bellefontaine, OH | Ohio |
|---|---|---|---|---|
| Home Value | $254,814 | $254,814 | N/A | $237,530 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 7.4% |
| Avg Rent | $1,233 | $1,233 | 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 43345 (Ridgeway, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $254,814 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +12.5% ▲ |
| 3-Year CAGR | +8.3% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 43345
Population: 623
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
Frequently Asked Questions
How should investors approach Ridgeway, OH?
Most investors in Ridgeway, OH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the typical renter like in Ridgeway, OH?
Ridgeway, OH offers a measured renter base at the $1,233/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does Ridgeway, OH make sense for an investment property?
The 3.0/5 investability rating in Ridgeway, OH reflects its $255K prices and $1,233/mo rents. Investors generally consider it a solid option within OH.
How viable is house hacking in Ridgeway, OH?
House hacking in Ridgeway, OH is a challenging. With home values around $255K and rents at $1,233/mo, owner-occupants can offset a meaningful share of PITI.
Should investors worry about vacancy in Ridgeway, OH?
Ridgeway, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
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How 43345 ranks in Bellefontaine, OH
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