Real Estate Investing in Phillipsburg, Ohio (45354)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45354 (Phillipsburg, 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.
- High vacancy: 18.2% of homes vacant — above national norms.
• 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 Phillipsburg, OH (45354)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45354 Phillipsburg
The 45354 ZIP covers a section of Phillipsburg that demands careful diligence. Prices near $166K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $166K asset, 45354 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 45354's metrics run below Montgomery County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 45354 includes headwinds that any investor should price in. Income distribution skews lower than Phillipsburg averages, and tenant stability requires active management.
Distressed ZIPs reward experience. durable returns are possible in 45354, 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 Phillipsburg:
Market Trends
Home Value History (with trend line)
📊 How Does 45354 Compare?
| Metric | 45354 | Phillipsburg | Dayton-Kettering, OH | Ohio |
|---|---|---|---|---|
| Home Value | $165,579 | $165,579 | N/A | $237,530 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.4% |
| Avg Rent | $1,314 | $1,314 | N/A | - |
| Cap Rate | 6.2% | 6.2% | - | - |
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 45354 (Phillipsburg, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 45354 (Phillipsburg, OH)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Montgomery County
Manage rentals here? List your business →Associa RPM provides comprehensive HOA and condominium management services in the greater Columbus, Dublin, Cincinnati, and Dayton areas of Ohio. summary from their website
Eclipse Community Management offers HOA & Condo Management services in Ohio & Kentucky. summary from their website
Frost Property Management offers deluxe, experienced property management services in South Florida for single families, residential condos, multifamilies, and commercial spaces. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $165,579 |
| Monthly Rent | $1,314 |
| Price-to-Rent | 10.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.5% |
| Cap Rate | 6.2% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +9.9% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (6.2%). 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 45354
Population: 643
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 5,386 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is vacancy a concern in Phillipsburg, OH?
Expect elevated vacancy in Phillipsburg, OH. Rents at $1,314/mo are absorbed by the tenant base without meaningful lag.
What kind of tenants rent in Phillipsburg, OH?
Tenant quality in Phillipsburg, OH ranks as solid. Landlords generally report consistent occupancy at market rents of $1,314/mo.
How strong are rents in Phillipsburg, OH?
Investors in Phillipsburg, OH typically see rents near $1,314/mo per month against $166K home values - a solid setup for rental cash flow.
What does house hacking look like in Phillipsburg, OH?
For house hackers, Phillipsburg, OH is a challenging. The $1,314/mo rent on a unit helps defray the mortgage on a $166K property.
Is Phillipsburg in OH worth investing in?
Investors tracking Phillipsburg, OH will find a 3.0/5 rating supported by $166K median home values and $1,314/mo rents. That profile suits long-term holders targeting reliable returns.
You know 45354 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45354 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 45354 ranks in Dayton-Kettering, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 45354 (Phillipsburg)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 45354 (Phillipsburg, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.