Real Estate Investing in Medway, Ohio (45341)
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Should you buy in 45341 (Medway, 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 Medway, OH (45341)?
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Market Analysis: 45341 Medway
ZIP 45341 in Medway, OH carries a resilient set of headwinds. Home values near $187K and rents of $981/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 45341 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 45341 sits on the difficult end of the OH spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 45341 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. solid returns are possible in 45341, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Medway:
Property Strategy for 45341
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $131,070 | $1,090 | 6.0% | +9.6% | $65,535 |
| 3BR | $194,032 | $1,330 | 4.9% | +8.3% | $64,677 |
| 4BR | $242,027 | $1,550 | 4.6% | +9.1% | $60,507 |
Market Trends
Home Value History (with trend line)
📊 How Does 45341 Compare?
| Metric | 45341 | Medway | Springfield, OH | Ohio |
|---|---|---|---|---|
| Home Value | $187,375 | $187,375 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.4% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45341 (Medway, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $187,375 |
| Monthly Rent | $981 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (4.1%). 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 45341
Population: 3,702
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,235 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Medway, OH?
Expect median prices around $187K in Medway, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
What is the average monthly rent in Medway, OH?
Rent in Medway, OH is around $981/mo. The resulting rent-to-value relationship with $187K pricing is reasonable for most investor models.
Is OH a landlord-friendly state?
Landlord-friendliness in Medway, OH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Does a duplex house hack pencil in Medway, OH?
The a challenging house-hack environment in Medway, OH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What real estate strategy is ideal for Medway, OH?
Medway, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($187K prices, $981/mo rents) make it a reasonable choice.
You know 45341 now. You don’t know where it ranks.
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How 45341 ranks in Springfield, OH
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