Real Estate Investing in Felicity, Ohio (45120)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45120 (Felicity, OH)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Felicity, OH (45120)?
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Market Analysis: 45120 Felicity
This part of Brown County is not an easy win. The 45120 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 45120 is impressive only for operators who understand what they are buying. A $240K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 45120 and stronger Felicity ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 45120 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 45120 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Felicity:
Property Strategy for 45120
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $149,730 | $980 | 4.7% | +6.0% | $74,865 |
| 3BR | $263,666 | $1,290 | 3.5% | +8.2% | $87,889 |
Market Trends
Home Value History (with trend line)
📊 How Does 45120 Compare?
| Metric | 45120 | Felicity | Cincinnati, OH-KY-IN | Ohio |
|---|---|---|---|---|
| Home Value | $240,400 | $240,400 | N/A | $237,530 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 7.4% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45120 (Felicity, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $240,400 |
| Monthly Rent | $882 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.9%). 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 45120
Population: 2,412
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 45120
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
What is the median home value in Felicity, OH?
Expect median prices around $240K in Felicity, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
How strong is the working-renter base in Felicity, OH?
The renter base in Felicity, OH is reasonable for the $882/mo price point. Screening well and pricing to market typically yields steady tenants.
Does house hacking make sense in Felicity, OH?
House hacking in Felicity, OH is reasonable to execute. Prices around $240K and rents of $882/mo solid owner-occupant economics.
How do experienced investors play Felicity, OH?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Felicity, OH. The numbers - $240K homes against $882/mo rents - support that play.
Are eviction rules reasonable in Felicity, OH?
Felicity, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 45120 now. You don’t know where it ranks.
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How 45120 ranks in Cincinnati, OH-KY-IN
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