Real Estate Investing in Troy, Ohio (45373)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45373 (Troy, 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 Troy, OH (45373)?
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Market Analysis: 45373 Troy
The 45373 ZIP covers a section of Troy that demands careful diligence. Prices near $286K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 45373 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 45373 and stronger Troy ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 45373 includes headwinds that any investor should price in. Income distribution skews lower than Troy averages, and tenant stability requires active management.
Strategically, 45373 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Troy:
Property Strategy for 45373
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $120,583 | $940 | 5.6% | +8.6% | $120,583 |
| 2BR | $180,348 | $1,190 | 4.8% | +9.3% | $90,174 |
| 3BR | $264,259 | $1,540 | 4.2% | +8.2% | $88,086 |
| 4BR | $397,481 | $1,700 | 3.1% | +7.6% | $99,370 |
| 5BR | $534,052 | — | — | +7.1% | $106,810 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45373 Compare?
| Metric | 45373 | Troy | Dayton-Kettering, OH | Ohio |
|---|---|---|---|---|
| Home Value | $286,253 | $286,253 | N/A | $237,530 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.4% |
| Avg Rent | $1,468 | $1,468 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
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 45373 (Troy, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $286,253 |
| Monthly Rent | $1,468 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | -6.7% ▼ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 45373
Population: 37,274
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 45373
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
Is Troy, OH better for rentals, flips, or BRRRR?
A careful cash-flow rentals with hands-on management strategy Troy, OH best. The market produces reliable results for that approach at the $286K price point.
What is the tenant pool like in Troy, OH?
Troy, OH offers a predictable renter base at the $1,468/mo rent level. Tenant turnover is reasonable for well-managed properties.
How strong are rents in Troy, OH?
Rents in Troy, OH run near $1,468/mo. Compared with median home prices of $286K that produces solid gross yields for typical rentals.
Does house hacking make sense in Troy, OH?
House hacking in Troy, OH is a challenging. With home values around $286K and rents at $1,468/mo, owner-occupants can offset a meaningful share of PITI.
What is the investability score for Troy, OH?
Troy, OH rates 3.0/5 for investability. With median values at $286K and rents near $1,468/mo, the market offers reasonable fundamentals for rental investors.
You know 45373 now. You don’t know where it ranks.
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How 45373 ranks in Dayton-Kettering, OH
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