Real Estate Investing in Cincinnati, Ohio (45239)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45239 (Cincinnati, 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.
No major risk flags on the data we track.
What’s happening in Cincinnati, OH (45239)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45239 Cincinnati
ZIP 45239 inside Hamilton County looks affordable on the surface — median value of $213K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,328/mo on a $213K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 45239 sits below the stated 0.0% once reality is priced in.
In the broader OH picture, 45239 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Stepping back, 29,035 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.
Experienced landlords with local relationships tend to find 45239 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Cincinnati:
Property Strategy for 45239
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $107,484 | $960 | 6.4% | +9.2% | $107,484 |
| 2BR | $158,786 | $1,230 | 5.6% | +8.7% | $79,393 |
| 3BR | $212,730 | $1,620 | 5.5% | +8.1% | $70,910 |
| 4BR | $249,456 | $1,800 | 5.2% | +7.8% | $62,364 |
| 5BR | $275,027 | — | — | +7.5% | $55,005 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45239 Compare?
| Metric | 45239 | Cincinnati | Cincinnati, OH-KY-IN | Ohio |
|---|---|---|---|---|
| Home Value | $212,751 | $262,113 | N/A | $237,530 |
| 5-Year CAGR | 5.9% | 4.8% | N/A | 7.4% |
| Avg Rent | $1,328 | $1,409 | N/A | - |
| Cap Rate | 4.9% | 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 45239 (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 | $212,751 |
| Monthly Rent | $1,328 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 Rent Trends
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). 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 45239
Population: 29,035
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 45239
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Chase School
College Hill Fundamental Academy
Pleasant Hill Academy
Rising Stars at Aiken New Tech/College Hill
Aiken New Tech 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 investment strategy works best in Cincinnati, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Cincinnati, OH. With home values at $213K and rents near $1,328/mo, other strategies can work but produce consistent rather than outsized returns.
How strong is the working-renter base in Cincinnati, OH?
Cincinnati, OH offers a steady renter base at the $1,328/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the rental occupancy rate in Cincinnati, OH?
Expect elevated vacancy in Cincinnati, OH. Rents at $1,328/mo are absorbed by the tenant base without meaningful lag.
Is OH a landlord-friendly state?
OH law landlord-friendly for landlords, and Cincinnati inherits those rules. Investors should still review local ordinances for rental licensing.
How does Cincinnati, OH rate as a rental market?
Investors tracking Cincinnati, OH will find a 3.0/5 rating supported by $213K median home values and $1,328/mo rents. That profile suits long-term holders targeting measured returns.
You know 45239 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45239 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 45239 ranks in Cincinnati, OH-KY-IN
Every ZIP in this metro, ranked. Free.
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