Real Estate Investing in Manchester, Ohio (45144)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45144 (Manchester, 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.
- High vacancy: 17.8% of homes vacant — above national norms.
- Elevated poverty: 22.4% poverty rate — can affect rent collection.
- Lower household income: $38,750 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Manchester, OH (45144)?
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Market Analysis: 45144 Manchester
Investors eyeing 45144 need to respect the fundamentals at play. Home values of $146K come alongside slower price movement and elevated management overhead.
For an experienced owner, 45144 can be a a solid fit for hunting ground — but the discount at $146K reflects genuine risk that outside investors often underestimate.
ZIP 45144's metrics run below Adams County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 45144 ZIP's population of 4,256 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
New investors are better served looking at Manchester's stable or hybrid ZIPs before stepping into 45144. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Manchester:
Property Strategy for 45144
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $95,415 | $970 | 7.3% | +8.0% | $47,708 |
| 3BR | $161,992 | $1,230 | 5.5% | +7.6% | $53,997 |
| 4BR | $181,922 | $1,400 | 5.5% | +8.0% | $45,480 |
Market Trends
Home Value History (with trend line)
📊 How Does 45144 Compare?
| Metric | 45144 | Manchester | Ohio |
|---|---|---|---|
| Home Value | $146,080 | $146,080 | $237,530 |
| 5-Year CAGR | 5.9% | 5.9% | 7.4% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 4.7% | 4.7% | - |
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 45144 (Manchester, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $146,080 |
| Monthly Rent | $873 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (4.7%). 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 45144
Population: 4,256
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 45144
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
Investor Insight: With 2,371 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much do tenants pay in Manchester, OH?
Average rent in Manchester, OH is approximately $873/mo per month. Against $146K home values that yields a reasonable rent-to-price ratio.
How high is vacancy risk in Manchester, OH?
Manchester, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Manchester, OH a smart market for rental property?
Investors tracking Manchester, OH will find a 3.0/5 rating supported by $146K median home values and $873/mo rents. That profile suits long-term holders targeting measured returns.
What is the smart move for investors in Manchester, OH?
The best-fit strategy in Manchester, OH is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How much should I expect to pay for a home in Manchester, OH?
Median home price in Manchester, OH is near $146K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
You know 45144 now. You don’t know where it ranks.
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