Real Estate Investing in Franklin, Ohio (45005)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45005 (Franklin, 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.
What’s happening in Franklin, OH (45005)?
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Market Analysis: 45005 Franklin
The 45005 ZIP in Franklin, OH is a local-operator market. Outside capital chasing a $279K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 45005 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 45005 and stronger Franklin ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A impressive renter share of 28% in 45005 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 45005 is an operator game, not a passive one. In practical terms, entry prices of $279K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Franklin:
Property Strategy for 45005
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $161,995 | $1,290 | 5.7% | +6.7% | $80,997 |
| 3BR | $255,980 | $1,700 | 4.8% | +8.0% | $85,327 |
| 4BR | $376,302 | $1,880 | 3.6% | +7.7% | $94,075 |
| 5BR | $439,345 | — | — | +8.2% | $87,869 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45005 Compare?
| Metric | 45005 | Franklin | Cincinnati, OH-KY-IN | Ohio |
|---|---|---|---|---|
| Home Value | $278,920 | $278,920 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.4% |
| Avg Rent | $1,222 | $1,222 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 45005 (Franklin, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $278,920 |
| Monthly Rent | $1,222 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +16.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 45005
Population: 31,906
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 45005
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
Frequently Asked Questions
Is vacancy a concern in Franklin, OH?
Vacancy in Franklin, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,222/mo.
What is the typical renter like in Franklin, OH?
The tenant pool in Franklin, OH is solid, supported by local employment and population fundamentals. Rents of $1,222/mo are well-absorbed by the market.
How strong is Franklin, OH for real estate investors?
Yes - Franklin, OH a 3.0/5 investability score. With $279K home prices against $1,222/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Franklin, OH good for house hacking?
House hacking works a challenging in Franklin, OH. Rents of $1,222/mo against $279K acquisition make the strategy solid for owner-occupants.
What is the average monthly rent in Franklin, OH?
Rental rates in Franklin, OH average $1,222/mo. Tenant demand and $279K home values make the yield look reasonable by investor standards.
You know 45005 now. You don’t know where it ranks.
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How 45005 ranks in Cincinnati, OH-KY-IN
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