Real Estate Investing in New Madison, Ohio (45346)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45346 (New Madison, 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 New Madison, OH (45346)?
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Market Analysis: 45346 New Madison
Not every below-median market is a bargain. New Madison's 45346 ZIP posts signals that favor experienced operators who can absorb the risk $215K pricing implies.
The investment case in 45346 is substantial only for operators who understand what they are buying. A $215K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 45346's metrics run below Darke County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A substantial renter share of 25% in 45346 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 45346 is an operator game, not a passive one. Meanwhile, entry prices of $215K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in New Madison:
Property Strategy for 45346
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $158,282 | $1,070 | 4.9% | +9.2% | $79,141 |
| 3BR | $201,798 | $1,420 | 5.1% | +8.5% | $67,266 |
| 4BR | $254,699 | $1,420 | 4.0% | +8.9% | $63,675 |
Market Trends
Home Value History (with trend line)
📊 How Does 45346 Compare?
| Metric | 45346 | New Madison | Greenville, OH | Ohio |
|---|---|---|---|---|
| Home Value | $215,305 | $215,305 | N/A | $237,530 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 7.4% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 45346 (New Madison, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $215,305 |
| Monthly Rent | $963 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (3.5%). 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 45346
Population: 2,022
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 45346
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 1,552 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How expensive is real estate in New Madison, OH?
Median home price in New Madison, OH is near $215K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Are tenants stable in New Madison, OH?
New Madison, OH draws a stable base of working renters. Demand at the $963/mo rent level is reasonable for standard single-family and small multi rentals.
Is New Madison, OH a smart market for rental property?
With a 3.0/5 investability score, New Madison, OH ranks as a solid market for rental property investors. Median prices of $215K and rents of $963/mo drive the underlying numbers.
Can I live-in-and-rent in New Madison, OH?
House hacking in New Madison, OH is a challenging. With home values around $215K and rents at $963/mo, owner-occupants can offset a meaningful share of PITI.
How do experienced investors play New Madison, OH?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in New Madison, OH. The numbers - $215K homes against $963/mo rents - support that play.
You know 45346 now. You don’t know where it ranks.
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How 45346 ranks in Greenville, OH
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