Real Estate Investing in Enon, Ohio (45323)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45323 (Enon, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Enon, OH (45323)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45323 Enon
ZIP 45323 inside Clark County looks affordable on the surface — median value of $245K — but the discount exists for reasons that a careful buyer should understand before committing.
In practical terms, the numbers look inviting — $245K purchase price, 0.0% nominal cap — the work to hit that pro forma in 45323 is substantial and deserves full respect.
ZIP 45323's metrics run below Clark County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 45323 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 45323 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 Enon:
Property Strategy for 45323
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $193,354 | $1,030 | 3.8% | +9.6% | $96,677 |
| 3BR | $229,421 | $1,260 | 4.0% | +9.3% | $76,474 |
| 4BR | $298,295 | $1,460 | 3.5% | +8.6% | $74,574 |
Market Trends
Home Value History (with trend line)
📊 How Does 45323 Compare?
| Metric | 45323 | Enon | Springfield, OH | Ohio |
|---|---|---|---|---|
| Home Value | $245,495 | $245,495 | N/A | $237,530 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.4% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 45323 (Enon, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 45323 (Enon, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $245,495 |
| Monthly Rent | $927 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (3.0%). 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 45323
Population: 4,954
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 45323
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 Enon, OH?
Rent in Enon, OH is around $927/mo. The resulting rent-to-value relationship with $245K pricing is reasonable for most investor models.
Is rental property easy to operate in Enon, OH?
Landlord-friendliness in Enon, OH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Enon, OH a good market for buy-and-hold investors?
Investors tracking Enon, OH will find a 3.0/5 rating supported by $245K median home values and $927/mo rents. That profile suits long-term holders targeting stable returns.
Are renters plentiful in Enon, OH?
Enon, OH draws a steady base of working renters. Demand at the $927/mo rent level is reasonable for standard single-family and small multi rentals.
How high is vacancy risk in Enon, OH?
Enon, OH carries elevated vacancy risk. Expect consistent absorption at market rents of $927/mo.
You know 45323 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45323 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 45323 ranks in Springfield, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 45323 (Enon)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 45323 (Enon, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.