Real Estate Investing in Cincinnati, Ohio (45202)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45202 (Cincinnati, OH)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 17.3% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.0% CAGR).
What’s happening in Cincinnati, OH (45202)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45202 Cincinnati
Stepping back, ZIP 45202 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $387K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 45202 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 45202 and stronger Cincinnati ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
On the rental side, 17,022 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.
Distressed ZIPs reward experience. sturdy returns are possible in 45202, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Cincinnati:
Property Strategy for 45202
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $257,166 | $1,580 | 4.4% | +2.3% | $257,166 |
| 2BR | $387,961 | $2,030 | 3.8% | +2.3% | $193,980 |
| 3BR | $672,942 | $2,680 | 2.9% | +4.1% | $224,314 |
| 4BR | $865,682 | $2,960 | 2.5% | +4.0% | $216,421 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45202 Compare?
| Metric | 45202 | Cincinnati | Cincinnati, OH-KY-IN | Ohio |
|---|---|---|---|---|
| Home Value | $387,138 | $262,113 | N/A | $237,530 |
| 5-Year CAGR | 0.0% | 4.8% | N/A | 7.4% |
| Avg Rent | $1,636 | $1,409 | N/A | - |
| Cap Rate | 3.3% | 4.6% | - | - |
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 45202 (Cincinnati, 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 | $387,138 |
| Monthly Rent | $1,636 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 3.3% |
📈 Home Appreciation
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +0.0% ▲ |
| 10-Year CAGR | +1.5% ▲ |
🏠 Rent Trends
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 45202
Population: 17,022
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 45202
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Newport High School
Newport Intermediate School
Newport Primary School
Spencer Center for Gifted and Exceptional Students
Frederick Douglass 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 1,560 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much rent can I charge in Cincinnati, OH?
Investors in Cincinnati, OH typically see rents near $1,636/mo per month against $387K home values - a solid setup for rental cash flow.
Should investors worry about vacancy in Cincinnati, OH?
Expect elevated vacancy in Cincinnati, OH. Rents at $1,636/mo are absorbed by the tenant base without meaningful lag.
Does Cincinnati, OH make sense for an investment property?
Our data puts Cincinnati, OH at 2.0/5 for investability. Home prices of $387K and rents around $1,636/mo create a solid backdrop for investor activity.
Are homes affordable in Cincinnati, OH?
In Cincinnati, OH the median home value sits at $387K. Against the broader OH market, that reads as reasonable for most investors.
Which investment style suits Cincinnati, OH?
For Cincinnati, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 45202 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45202 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 45202 ranks in Cincinnati, OH-KY-IN
Every ZIP in this metro, ranked. Free.
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