Real Estate Investing in Morrow, Ohio (45152)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45152 (Morrow, 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: 10.3% vacancy may signal weakening demand.
What’s happening in Morrow, OH (45152)?
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Market Analysis: 45152 Morrow
Not every below-median market is a bargain. Morrow's 45152 ZIP records signals that favor experienced operators who can absorb the risk $406K pricing implies.
From an investor standpoint, the numbers look inviting — $406K purchase price, 0.0% nominal cap — the work to hit that pro forma in 45152 is substantial and deserves full respect.
Nearby ZIPs in Morrow have seen price recovery that 45152 has not matched. Warren County data supports the view that the spread is structural rather than temporary.
Demographically, 45152 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 45152 is an operator game, not a passive one. Put differently, entry prices of $406K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Morrow:
Property Strategy for 45152
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $256,474 | $1,400 | 3.9% | +6.6% | $128,237 |
| 3BR | $362,875 | $1,850 | 3.7% | +7.2% | $120,958 |
| 4BR | $421,908 | $2,040 | 3.5% | +6.9% | $105,477 |
| 5BR | $513,995 | — | — | +7.2% | $102,799 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45152 Compare?
| Metric | 45152 | Morrow | Cincinnati, OH-KY-IN | Ohio |
|---|---|---|---|---|
| Home Value | $406,328 | $406,328 | N/A | $237,530 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 7.4% |
| Avg Rent | $2,259 | $2,259 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
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 45152 (Morrow, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $406,328 |
| Monthly Rent | $2,259 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (4.3%). 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 45152
Population: 13,577
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 45152
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 investability score for Morrow, OH?
Morrow, OH comes in at an investability rating of 3.0/5, with median home values near $406K and average rents around $2,259/mo. That combination puts it in the robust tier for investor interest.
What is the tenant pool like in Morrow, OH?
Expect a solid tenant pool in Morrow, OH. The rental market absorbs $2,259/mo rents without meaningful friction.
How tight is the rental market in Morrow, OH?
Vacancy risk in Morrow, OH is elevated. That supports steady cash flow for typical rental holds.
How viable is house hacking in Morrow, OH?
House hacking in Morrow, OH is a challenging. With home values around $406K and rents at $2,259/mo, owner-occupants can offset a meaningful share of PITI.
What is the typical rental rate in Morrow, OH?
Investors in Morrow, OH typically see rents near $2,259/mo per month against $406K home values - a solid setup for rental cash flow.
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