Real Estate Investing in Terrace Park, Ohio (45174)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45174 (Terrace Park, 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 price-to-rent: Price-to-rent ratio 36.1 — 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 Terrace Park, OH (45174)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45174 Terrace Park
The 45174 ZIP in Terrace Park, OH is a local-operator market. Outside capital chasing a $792K entry has to pair deep knowledge with the discount.
Put differently, the numbers look inviting — $792K purchase price, 0.0% nominal cap — the work to hit that pro forma in 45174 is substantial and deserves full respect.
ZIP 45174's metrics run below Hamilton County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 45174 ZIP's population of 2,294 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategy in 45174 is an operator game, not a passive one. From a cash-flow lens, entry prices of $792K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Terrace Park:
Property Strategy for 45174
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $559,572 | $2,680 | 3.4% | +6.8% | $186,524 |
| 4BR | $847,713 | $2,960 | 2.5% | +7.4% | $211,928 |
| 5BR | $1,163,815 | — | — | +8.8% | $232,763 |
Market Trends
Home Value History (with trend line)
📊 How Does 45174 Compare?
| Metric | 45174 | Terrace Park | Cincinnati, OH-KY-IN | Ohio |
|---|---|---|---|---|
| Home Value | $791,992 | $791,992 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.4% |
| Avg Rent | $1,827 | $1,827 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
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 45174 (Terrace Park, OH). Anonymous, moderated, never written by AI.
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Property managers serving Hamilton County
Manage rentals here? List your business →Associa RPM provides comprehensive HOA and condominium management services in the greater Columbus, Dublin, Cincinnati, and Dayton areas of Ohio. summary from their website
Gaslight Property offers apartments for rent in Clifton, near UC. summary from their website
SBS Property Management provides management, maintenance, inspections, finances, and communications for Condominium and Homeowner Associations across Ohio. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $791,992 |
| Monthly Rent | $1,827 |
| Price-to-Rent | 36.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (1.8%). 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 45174
Population: 2,294
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 45174
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Indian Hill High School
Indian Hill Middle School
Indian Hill Elementary School
Madeira High School
Indian Hill Primary Elementary School
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 4,366 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much do tenants pay in Terrace Park, OH?
Average rent in Terrace Park, OH is approximately $1,827/mo per month. Against $792K home values that yields a reasonable rent-to-price ratio.
Where do home prices stand in Terrace Park, OH?
In Terrace Park, OH the median home value sits at $792K. Against the broader OH market, that reads as reasonable for most investors.
Does Terrace Park, OH make sense for an investment property?
Investors tracking Terrace Park, OH will find a 3.0/5 rating supported by $792K median home values and $1,827/mo rents. That profile suits long-term holders targeting steady returns.
What does house hacking look like in Terrace Park, OH?
Terrace Park, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $792K price point reasonable to enter.
Do rentals sit vacant long in Terrace Park, OH?
Vacancy in Terrace Park, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,827/mo.
You know 45174 now. You don’t know where it ranks.
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How 45174 ranks in Cincinnati, OH-KY-IN
Every ZIP in this metro, ranked. Free.
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