Real Estate Investing in Montgomery, Ohio (45242)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45242 (Montgomery, 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.
No major risk flags on the data we track.
What’s happening in Montgomery, OH (45242)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45242 Montgomery
Investors eyeing 45242 need to respect the fundamentals at play. Home values of $553K come alongside slower price movement and elevated management overhead.
The 45242 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 45242 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 45242 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 45242 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Montgomery:
Property Strategy for 45242
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $251,516 | $2,030 | 5.8% | +7.8% | $125,758 |
| 3BR | $399,214 | $2,680 | 4.8% | +7.6% | $133,071 |
| 4BR | $648,008 | $2,960 | 3.3% | +7.8% | $162,002 |
| 5BR | $879,153 | — | — | +7.5% | $175,831 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45242 Compare?
| Metric | 45242 | Montgomery | Cincinnati, OH-KY-IN | Ohio |
|---|---|---|---|---|
| Home Value | $552,746 | $552,746 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.4% |
| Avg Rent | $1,934 | $1,934 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 45242 (Montgomery, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 45242 (Montgomery, OH)?
~25 seconds · no account needed · your report is anonymous
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 | $552,746 |
| Monthly Rent | $1,934 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +5.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 45242
Population: 22,253
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 45242
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Stewart 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 2,109 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Montgomery, OH?
Montgomery, OH comes in at an investability rating of 3.0/5, with median home values near $553K and average rents around $1,934/mo. That combination puts it in the significant tier for investor interest.
How strong is the working-renter base in Montgomery, OH?
The renter base in Montgomery, OH is reasonable for the $1,934/mo price point. Screening well and pricing to market typically yields stable tenants.
What are vacancy rates like in Montgomery, OH?
Vacancy in Montgomery, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,934/mo.
Does a duplex house hack pencil in Montgomery, OH?
The a challenging house-hack environment in Montgomery, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What are rental rates like in Montgomery, OH?
Rental rates in Montgomery, OH average $1,934/mo. Tenant demand and $553K home values make the yield look reasonable by investor standards.
You know 45242 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45242 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 45242 ranks in Cincinnati, OH-KY-IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 45242 (Montgomery)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 45242 (Montgomery, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.