Real Estate Investing in Cincinnati, Ohio (45223)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45223 (Cincinnati, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.4% of homes vacant — above national norms.
- Elevated poverty: 22.7% poverty rate — can affect rent collection.
What’s happening in Cincinnati, OH (45223)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45223 Cincinnati
Not every below-median market is a bargain. Cincinnati's 45223 ZIP records signals that favor experienced operators who can absorb the risk $215K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $215K asset, 45223 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 45223 sits on the difficult end of the OH spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 45223 includes headwinds that any investor should price in. Income distribution skews lower than Cincinnati averages, and tenant stability requires active management.
New investors are better served looking at Cincinnati's stable or hybrid ZIPs before stepping into 45223. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Cincinnati:
Property Strategy for 45223
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $176,196 | $1,180 | 4.8% | +4.8% | $88,098 |
| 3BR | $240,046 | $1,560 | 4.7% | +4.9% | $80,015 |
| 4BR | $334,061 | $1,720 | 3.7% | +5.5% | $83,515 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45223 Compare?
| Metric | 45223 | Cincinnati | Cincinnati, OH-KY-IN | Ohio |
|---|---|---|---|---|
| Home Value | $215,146 | $262,113 | N/A | $237,530 |
| 5-Year CAGR | 2.5% | 4.8% | N/A | 7.4% |
| Avg Rent | $1,295 | $1,409 | N/A | - |
| Cap Rate | 4.7% | 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 45223 (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 | $215,146 |
| Monthly Rent | $1,295 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 45223
Population: 13,049
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 45223
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
St Bernard-Elmwood Place Elementary School
Roll Hill School
St Bernard-Elmwood Place Junior/Senior High School
Ethel M. Taylor Academy
North College Hill High 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 4,641 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the tenant pool like in Cincinnati, OH?
Tenant quality in Cincinnati, OH ranks as solid. Landlords generally report even-keeled occupancy at market rents of $1,295/mo.
What is the investability score for Cincinnati, OH?
Cincinnati, OH rates 3.0/5 for investability. With median values at $215K and rents near $1,295/mo, the market offers reasonable fundamentals for rental investors.
Are homes affordable in Cincinnati, OH?
Homes in Cincinnati, OH typically sell near $215K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
Is OH a landlord-friendly state?
Cincinnati, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Which real estate strategy fits Cincinnati, OH?
Most investors in Cincinnati, OH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 45223 now. You don’t know where it ranks.
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How 45223 ranks in Cincinnati, OH-KY-IN
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