Real Estate Investing in South Lebanon, Ohio (45065)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45065 (South Lebanon, 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.
- Higher unemployment: 11.1% unemployment — tenant risk signal.
What’s happening in South Lebanon, OH (45065)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45065 South Lebanon
Stepping back, ZIP 45065 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $375K median. It rewards specialists, not generalists.
Rent of $2,129/mo on a $375K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 45065 sits below the stated 0.0% once reality is priced in.
In the broader OH picture, 45065 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 45065 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 45065 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in South Lebanon:
Property Strategy for 45065
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $177,776 | $1,770 | 7.2% | +8.2% | $88,888 |
| 3BR | $316,602 | $2,340 | 5.3% | +8.4% | $105,534 |
| 4BR | $492,306 | $2,590 | 3.8% | +6.2% | $123,077 |
| 5BR | $609,506 | — | — | +6.9% | $121,901 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45065 Compare?
| Metric | 45065 | South Lebanon | Cincinnati, OH-KY-IN | Ohio |
|---|---|---|---|---|
| Home Value | $374,654 | $374,654 | N/A | $237,530 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 7.4% |
| Avg Rent | $2,129 | $2,129 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
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 45065 (South Lebanon, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $374,654 |
| Monthly Rent | $2,129 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (4.4%). 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 45065
Population: 6,938
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 45065
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Columbia Intermediate School
Kings Junior High School
Kings Mills Elementary School
J F Burns Elementary School
Kings High School
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
What price range are homes in South Lebanon, OH?
The median home value in South Lebanon, OH is roughly $375K. That puts it reasonable relative to the OH statewide average.
What is the investability score for South Lebanon, OH?
South Lebanon, OH registers an investability rating of 3.0/5, with median home values near $375K and average rents around $2,129/mo. That combination puts it in the robust tier for investor interest.
What is the tenant pool like in South Lebanon, OH?
Expect a solid tenant pool in South Lebanon, OH. The rental market absorbs $2,129/mo rents without meaningful friction.
Are landlord laws favorable in South Lebanon, OH?
Rental owners in South Lebanon, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is South Lebanon, OH a good market for FHA house hackers?
South Lebanon, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,129/mo rent level.
You know 45065 now. You don’t know where it ranks.
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How 45065 ranks in Cincinnati, OH-KY-IN
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