Real Estate Investing in West Lafayette, Ohio (43845)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43845 (West Lafayette, 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.
- Elevated vacancy: 9.1% vacancy may signal weakening demand.
- Elevated poverty: 22.6% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in West Lafayette, OH (43845)?
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Market Analysis: 43845 West Lafayette
The 43845 ZIP covers a section of West Lafayette that demands careful diligence. Prices near $180K look accessible, but the work to make a deal cash flow is real.
Rent of $873/mo on a $180K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 43845 sits below the stated 0.0% once reality is priced in.
The gap between 43845 and stronger West Lafayette ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 43845 includes headwinds that any investor should price in. Income distribution skews lower than West Lafayette averages, and tenant stability requires active management.
Strategically, 43845 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in West Lafayette:
Property Strategy for 43845
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $138,622 | $970 | 5.0% | +9.0% | $69,311 |
| 3BR | $185,861 | $1,250 | 4.8% | +8.0% | $61,954 |
| 4BR | $219,551 | $1,640 | 5.4% | +7.0% | $54,888 |
Market Trends
Home Value History (with trend line)
📊 How Does 43845 Compare?
| Metric | 43845 | West Lafayette | Coshocton, OH | Ohio |
|---|---|---|---|---|
| Home Value | $179,558 | $179,558 | N/A | $237,530 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 43845 (West Lafayette, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $179,558 |
| Monthly Rent | $873 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 43845
Population: 4,780
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 43845
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.
Frequently Asked Questions
What price range are homes in West Lafayette, OH?
Median home price in West Lafayette, OH is near $180K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
How does West Lafayette, OH stack up for property investment?
Yes - West Lafayette, OH a 3.0/5 investability score. With $180K home prices against $873/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are renters plentiful in West Lafayette, OH?
Working renters make up the core of the West Lafayette, OH tenant base. The pool is reasonable for investors targeting long-term holds.
How do landlord-tenant laws work in West Lafayette, OH?
OH ranks as a landlord-friendly state for landlord-tenant law. West Lafayette generally follows the statewide framework, so landlords face reasonable operating rules.
Can owner-occupants cash flow in West Lafayette, OH?
West Lafayette, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $180K price point reasonable to enter.
You know 43845 now. You don’t know where it ranks.
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How 43845 ranks in Coshocton, OH
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