Real Estate Investing in Lewisburg, Ohio (45338)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45338 (Lewisburg, 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 Lewisburg, OH (45338)?
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Market Analysis: 45338 Lewisburg
The 45338 ZIP in Lewisburg, OH is a local-operator market. Outside capital chasing a $256K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $256K asset, 45338 is the wrong submarket. If the plan prices in friction, the yield can still work.
On the rental side, 45338 offers a low basis, the region around Lewisburg has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 45338 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 45338 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Lewisburg:
Property Strategy for 45338
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $168,489 | $1,030 | 4.4% | +7.0% | $84,244 |
| 3BR | $242,281 | $1,370 | 4.1% | +7.6% | $80,760 |
| 4BR | $315,751 | $1,510 | 3.4% | +8.1% | $78,938 |
Market Trends
Home Value History (with trend line)
📊 How Does 45338 Compare?
| Metric | 45338 | Lewisburg | Ohio |
|---|---|---|---|
| Home Value | $256,043 | $256,043 | $237,530 |
| 5-Year CAGR | 6.3% | 6.3% | 7.4% |
| Avg Rent | $927 | $927 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45338 (Lewisburg, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $256,043 |
| Monthly Rent | $927 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (2.8%). 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 45338
Population: 4,782
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 45338
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
Frequently Asked Questions
How strong are rents in Lewisburg, OH?
The typical rental in Lewisburg, OH commands about $927/mo monthly. That rent profile consistent cash flow against the $256K purchase basis.
How do experienced investors play Lewisburg, OH?
The best-fit strategy in Lewisburg, OH is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical vacancy rate in Lewisburg, OH?
Occupancy in Lewisburg, OH runs predictable with elevated vacancy. Well-priced units at $927/mo lease on reasonable timelines.
What is the typical home price in Lewisburg, OH?
In Lewisburg, OH the median home value sits at $256K. Against the broader OH market, that reads as reasonable for most investors.
Is Lewisburg, OH a good place for real estate investing?
Yes - Lewisburg, OH a 3.0/5 investability score. With $256K home prices against $927/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 45338 now. You don’t know where it ranks.
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