Real Estate Investing in Greenville, Ohio (45331)
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Should you buy in 45331 (Greenville, 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 Greenville, OH (45331)?
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Market Analysis: 45331 Greenville
ZIP 45331 in Greenville, OH carries a healthy set of headwinds. Home values near $204K and rents of $754/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 45331 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 45331 sits on the difficult end of the OH spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 45331 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.
Strategically, 45331 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 Greenville:
Property Strategy for 45331
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $89,401 | $810 | 6.5% | +9.1% | $89,401 |
| 2BR | $144,894 | $970 | 4.8% | +8.8% | $72,447 |
| 3BR | $202,260 | $1,290 | 4.6% | +8.0% | $67,420 |
| 4BR | $253,021 | $1,300 | 3.7% | +8.4% | $63,255 |
| 5BR | $306,054 | — | — | +7.8% | $61,211 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45331 Compare?
| Metric | 45331 | Greenville | Greenville, OH | Ohio |
|---|---|---|---|---|
| Home Value | $204,019 | $204,019 | N/A | $237,530 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.4% |
| Avg Rent | $754 | $754 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45331 (Greenville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $204,019 |
| Monthly Rent | $754 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (2.9%). 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 45331
Population: 22,298
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 45331
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.
Frequently Asked Questions
What is the typical home price in Greenville, OH?
In Greenville, OH the median home value sits at $204K. Against the broader OH market, that reads as reasonable for most investors.
How quickly do rentals get leased in Greenville, OH?
Greenville, OH carries elevated vacancy risk. Expect measured absorption at market rents of $754/mo.
Which investment style suits Greenville, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Greenville, OH. With home values at $204K and rents near $754/mo, other strategies can work but produce steady rather than outsized returns.
Does house hacking make sense in Greenville, OH?
House hacking in Greenville, OH is reasonable to execute. Prices around $204K and rents of $754/mo solid owner-occupant economics.
Are landlord laws favorable in Greenville, OH?
Greenville, OH operates under OH law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
You know 45331 now. You don’t know where it ranks.
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How 45331 ranks in Greenville, OH
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