Real Estate Investing in North Star, Ohio (45348)
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Should you buy in 45348 (North Star, 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.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in North Star, OH (45348)?
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Market Analysis: 45348 North Star
Investors eyeing 45348 need to respect the fundamentals at play. Home values of $287K come alongside slower price movement and elevated management overhead.
The investment case in 45348 is robust only for operators who understand what they are buying. A $287K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 45348 and stronger North Star ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 45348 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 right play in 45348 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in North Star:
Market Trends
Home Value History (with trend line)
📊 How Does 45348 Compare?
| Metric | 45348 | North Star | Greenville, OH | Ohio |
|---|---|---|---|---|
| Home Value | $286,993 | $143,496 | N/A | $237,530 |
| 5-Year CAGR | 8.2% | 8.2% | N/A | 7.4% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45348 (North Star, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $286,993 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +11.5% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.3%). 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 45348
Population: 817
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
Frequently Asked Questions
How strong is tenant demand in North Star, OH?
North Star, OH draws a even-keeled base of working renters. Demand at the $1,197/mo rent level is reasonable for standard single-family and small multi rentals.
How landlord-friendly is North Star, OH?
Landlord-friendliness in North Star, OH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Do landlords face vacancy issues in North Star, OH?
Expect elevated vacancy in North Star, OH. Rents at $1,197/mo are absorbed by the tenant base without meaningful lag.
Can I live-in-and-rent in North Star, OH?
House hacking in North Star, OH is a challenging. With home values around $287K and rents at $1,197/mo, owner-occupants can offset a meaningful share of PITI.
Where do home prices stand in North Star, OH?
North Star, OH home values average about $287K. That price point suits investors targeting rentals with $1,197/mo in monthly income.
You know 45348 now. You don’t know where it ranks.
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How 45348 ranks in Greenville, OH
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