Real Estate Investing in Clarksville, Ohio (45113)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45113 (Clarksville, 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.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 30.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Clarksville, OH (45113)?
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Market Analysis: 45113 Clarksville
The 45113 ZIP in Clarksville, OH is a local-operator market. Outside capital chasing a $402K entry has to pair deep knowledge with the discount.
Rent of $1,089/mo on a $402K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 45113 sits below the stated 0.0% once reality is priced in.
In the broader OH picture, 45113 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 45113 ZIP's population of 3,808 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Strategy in 45113 is an operator game, not a passive one. Turning to rents, entry prices of $402K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Clarksville:
Property Strategy for 45113
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $244,856 | $1,210 | 3.6% | +8.6% | $122,428 |
| 3BR | $373,097 | $1,590 | 3.1% | +8.4% | $124,366 |
| 4BR | $493,954 | $1,920 | 2.8% | +7.9% | $123,488 |
Market Trends
Home Value History (with trend line)
📊 How Does 45113 Compare?
| Metric | 45113 | Clarksville | Wilmington, OH | Ohio |
|---|---|---|---|---|
| Home Value | $401,580 | $401,580 | N/A | $237,530 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.4% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45113 (Clarksville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $401,580 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 30.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (2.1%). 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 45113
Population: 3,808
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 45113
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 Clarksville, OH good for landlords?
For rental operators, Clarksville, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Are renters plentiful in Clarksville, OH?
Working renters make up the core of the Clarksville, OH tenant base. The pool is reasonable for investors targeting long-term holds.
Can owner-occupants cash flow in Clarksville, OH?
Clarksville, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,089/mo rent level.
What are rental rates like in Clarksville, OH?
Rental rates in Clarksville, OH average $1,089/mo. Tenant demand and $402K home values make the yield look reasonable by investor standards.
How expensive is real estate in Clarksville, OH?
The median home value in Clarksville, OH is roughly $402K. That puts it reasonable relative to the OH statewide average.
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How 45113 ranks in Wilmington, OH
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