Real Estate Investing in Piqua, Ohio (45356)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45356 (Piqua, 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.
What’s happening in Piqua, OH (45356)?
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Market Analysis: 45356 Piqua
The 45356 ZIP in Piqua, OH is a local-operator market. Outside capital chasing a $184K entry has to pair deep knowledge with the discount.
Rent of $1,087/mo on a $184K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 45356 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 45356 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 45356 includes headwinds that any investor should price in. Income distribution skews lower than Piqua averages, and tenant stability requires active management.
Strategy in 45356 is an operator game, not a passive one. On the rental side, entry prices of $184K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Piqua:
Property Strategy for 45356
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $88,632 | $970 | 7.9% | +7.2% | $88,632 |
| 2BR | $130,023 | $1,220 | 6.8% | +9.0% | $65,011 |
| 3BR | $184,700 | $1,580 | 6.2% | +8.1% | $61,567 |
| 4BR | $235,475 | $1,740 | 5.3% | +7.7% | $58,869 |
| 5BR | $326,024 | — | — | +7.8% | $65,205 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45356 Compare?
| Metric | 45356 | Piqua | Dayton-Kettering, OH | Ohio |
|---|---|---|---|---|
| Home Value | $184,250 | $184,250 | N/A | $237,530 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.4% |
| Avg Rent | $1,087 | $1,087 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
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 45356 (Piqua, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,250 |
| Monthly Rent | $1,087 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (4.6%). 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 45356
Population: 25,155
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 45356
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 1,742 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do landlords face vacancy issues in Piqua, OH?
Piqua, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
What is the smart move for investors in Piqua, OH?
The best-fit strategy in Piqua, OH is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What price range are homes in Piqua, OH?
Typical homes in Piqua, OH go for around $184K. The 5-year CAGR of 0.0% steady price movement.
Can I live-in-and-rent in Piqua, OH?
House hacking works a challenging in Piqua, OH. Rents of $1,087/mo against $184K acquisition make the strategy solid for owner-occupants.
What is the investability score for Piqua, OH?
Piqua, OH rates 3.0/5 for investability. With median values at $184K and rents near $1,087/mo, the market offers reasonable fundamentals for rental investors.
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How 45356 ranks in Dayton-Kettering, OH
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