Real Estate Investing in New Carlisle, Ohio (45344)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45344 (New Carlisle, 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 New Carlisle, OH (45344)?
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Market Analysis: 45344 New Carlisle
The 45344 ZIP covers a section of New Carlisle that demands careful diligence. Prices near $220K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 45344 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 45344 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 45344 includes headwinds that any investor should price in. Income distribution skews lower than New Carlisle averages, and tenant stability requires active management.
Strategically, 45344 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in New Carlisle:
Property Strategy for 45344
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $177,836 | $1,060 | 4.3% | +7.9% | $88,918 |
| 3BR | $193,463 | $1,310 | 4.9% | +8.1% | $64,488 |
| 4BR | $299,352 | $1,510 | 3.6% | +8.3% | $74,838 |
| 5BR | $401,097 | — | — | +7.6% | $80,219 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45344 Compare?
| Metric | 45344 | New Carlisle | Springfield, OH | Ohio |
|---|---|---|---|---|
| Home Value | $219,865 | $219,865 | N/A | $237,530 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.4% |
| Avg Rent | $1,100 | $1,100 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
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 45344 (New Carlisle, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $219,865 |
| Monthly Rent | $1,100 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (3.9%). 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 45344
Population: 16,841
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 45344
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 3,790 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much do tenants pay in New Carlisle, OH?
Rental rates in New Carlisle, OH average $1,100/mo. Tenant demand and $220K home values make the yield look reasonable by investor standards.
How quickly do rentals get leased in New Carlisle, OH?
New Carlisle, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the investability score for New Carlisle, OH?
New Carlisle, OH rates 3.0/5 for investability. With median values at $220K and rents near $1,100/mo, the market offers reasonable fundamentals for rental investors.
Does house hacking work in New Carlisle, OH?
The house hack math a challenging in New Carlisle, OH. Owner-occupant buyers benefit from the $1,100/mo rents and $220K home values.
Is New Carlisle, OH better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in New Carlisle, OH. With home values at $220K and rents near $1,100/mo, other strategies can work but produce reliable rather than outsized returns.
You know 45344 now. You don’t know where it ranks.
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How 45344 ranks in Springfield, OH
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