Real Estate Investing in Martinsville, Ohio (45146)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45146 (Martinsville, 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: 8.1% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Martinsville, OH (45146)?
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Market Analysis: 45146 Martinsville
ZIP 45146 inside Clinton County looks affordable on the surface — median value of $235K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $235K asset, 45146 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within OH, ZIP 45146 trails on several market indicators that neighboring Clinton County submarkets outperform. The gap is real and solid enough to shape underwriting.
Looking more closely, 1,129 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 45146 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 Martinsville:
Market Trends
Home Value History (with trend line)
📊 How Does 45146 Compare?
| Metric | 45146 | Martinsville | Wilmington, OH | Ohio |
|---|---|---|---|---|
| Home Value | $234,709 | $234,709 | N/A | $237,530 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 7.4% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45146 (Martinsville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $234,709 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (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 45146
Population: 1,129
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,088 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Martinsville, OH rate as a rental market?
Martinsville, OH scores 3.0/5 for investability. Home values sit at $235K and rents near $1,035/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is the tenant base reliable in Martinsville, OH?
Tenant demand in Martinsville, OH is solid. The local workforce $1,035/mo rents across most rental classes.
What is the average monthly rent in Martinsville, OH?
Rent in Martinsville, OH is around $1,035/mo. The resulting rent-to-value relationship with $235K pricing is reasonable for most investor models.
Do landlords face vacancy issues in Martinsville, OH?
Rental vacancy in Martinsville, OH is elevated. Investors should budget normal turnover but not chronic empty units.
What strategy should investors use in Martinsville, OH?
A careful cash-flow rentals with hands-on management strategy Martinsville, OH best. The market produces measured results for that approach at the $235K price point.
You know 45146 now. You don’t know where it ranks.
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How 45146 ranks in Wilmington, OH
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