Real Estate Investing in Yellow Springs, Ohio (45387)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45387 (Yellow Springs, 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.
- High price-to-rent: Price-to-rent ratio 30.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Yellow Springs, OH (45387)?
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Market Analysis: 45387 Yellow Springs
Investors eyeing 45387 need to respect the fundamentals at play. Home values of $382K come alongside slower price movement and elevated management overhead.
Meanwhile, the numbers look inviting — $382K purchase price, 0.0% nominal cap — the work to hit that pro forma in 45387 is substantial and deserves full respect.
Regionally, 45387 sits on the difficult end of the OH spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Turning to rents, 5,174 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.
New investors are better served looking at Yellow Springs's stable or hybrid ZIPs before stepping into 45387. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Yellow Springs:
Property Strategy for 45387
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $268,156 | $1,150 | 3.1% | +6.6% | $134,078 |
| 3BR | $355,601 | $1,490 | 3.0% | +6.3% | $118,534 |
| 4BR | $458,122 | $1,640 | 2.6% | +7.5% | $114,530 |
Market Trends
Home Value History (with trend line)
📊 How Does 45387 Compare?
| Metric | 45387 | Yellow Springs | Dayton-Kettering, OH | Ohio |
|---|---|---|---|---|
| Home Value | $381,654 | $381,654 | N/A | $237,530 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 7.4% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
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 45387 (Yellow Springs, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $381,654 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 30.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (2.1%). 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 45387
Population: 5,174
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 45387
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
Investor Insight: With 2,589 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical vacancy rate in Yellow Springs, OH?
Yellow Springs, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How do home values compare in Yellow Springs, OH?
In Yellow Springs, OH the median home value sits at $382K. Against the broader OH market, that reads as reasonable for most investors.
Does Yellow Springs, OH make sense for an investment property?
The 3.0/5 investability rating in Yellow Springs, OH reflects its $382K prices and $1,035/mo rents. Investors generally consider it a solid option within OH.
Is Yellow Springs, OH good for house hacking?
House hacking in Yellow Springs, OH is a challenging. With home values around $382K and rents at $1,035/mo, owner-occupants can offset a meaningful share of PITI.
What monthly rent should investors expect in Yellow Springs, OH?
Average rent in Yellow Springs, OH is approximately $1,035/mo per month. Against $382K home values that yields a reasonable rent-to-price ratio.
You know 45387 now. You don’t know where it ranks.
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How 45387 ranks in Dayton-Kettering, OH
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