Real Estate Investing in Wilmington, Ohio (45177)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45177 (Wilmington, 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: 9.2% vacancy may signal weakening demand.
What’s happening in Wilmington, OH (45177)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45177 Wilmington
Not every below-median market is a bargain. Wilmington's 45177 ZIP shows signals that favor experienced operators who can absorb the risk $276K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 45177 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 45177 sits on the difficult end of the OH spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 45177 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 45177 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 Wilmington:
Property Strategy for 45177
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $169,556 | $1,060 | 4.5% | +8.2% | $84,778 |
| 3BR | $261,873 | $1,390 | 3.8% | +8.4% | $87,291 |
| 4BR | $350,586 | $1,750 | 3.6% | +8.2% | $87,646 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45177 Compare?
| Metric | 45177 | Wilmington | Wilmington, OH | Ohio |
|---|---|---|---|---|
| Home Value | $275,945 | $275,945 | N/A | $237,530 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.4% |
| Avg Rent | $1,050 | $1,050 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 45177 (Wilmington, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 45177 (Wilmington, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $275,945 |
| Monthly Rent | $1,050 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.0%). 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 45177
Population: 22,442
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 45177
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
Are rents high in Wilmington, OH?
The typical rental in Wilmington, OH commands about $1,050/mo monthly. That rent profile consistent cash flow against the $276K purchase basis.
What strategy should investors use in Wilmington, OH?
For Wilmington, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the investability score for Wilmington, OH?
Wilmington, OH scores 3.0/5 for investability. Home values sit at $276K and rents near $1,050/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are eviction rules reasonable in Wilmington, OH?
The landlord environment in Wilmington, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is vacancy a concern in Wilmington, OH?
Wilmington, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
You know 45177 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45177 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 45177 ranks in Wilmington, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 45177 (Wilmington)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 45177 (Wilmington, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.