Real Estate Investing in West Manchester, Ohio (45382)
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Should you buy in 45382 (West Manchester, 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 West Manchester, OH (45382)?
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Market Analysis: 45382 West Manchester
Not every below-median market is a bargain. West Manchester's 45382 ZIP clocks in at signals that favor experienced operators who can absorb the risk $205K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $205K asset, 45382 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 45382 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A resilient renter share of 24% in 45382 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 45382 is an operator game, not a passive one. On the rental side, entry prices of $205K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in West Manchester:
Market Trends
Home Value History (with trend line)
📊 How Does 45382 Compare?
| Metric | 45382 | West Manchester | Ohio |
|---|---|---|---|
| Home Value | $205,452 | $205,452 | $237,530 |
| 5-Year CAGR | 6.2% | 6.2% | 7.4% |
| Avg Rent | $1,062 | $1,062 | - |
| Cap Rate | 4.0% | 4.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45382 (West Manchester, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $205,452 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +10.7% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (4.0%). 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 45382
Population: 1,139
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 1,552 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is West Manchester, OH a smart market for rental property?
With a 3.0/5 investability score, West Manchester, OH ranks as a solid market for rental property investors. Median prices of $205K and rents of $1,062/mo drive the underlying numbers.
What is the typical vacancy rate in West Manchester, OH?
Occupancy in West Manchester, OH runs stable with elevated vacancy. Well-priced units at $1,062/mo lease on reasonable timelines.
Can I house hack in West Manchester, OH?
West Manchester, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $205K price point reasonable to enter.
What type of investing works in West Manchester, OH?
Investors usually favor careful cash-flow rentals with hands-on management in West Manchester, OH. With home values at $205K and rents near $1,062/mo, other strategies can work but produce measured rather than outsized returns.
Are rents high in West Manchester, OH?
Rents in West Manchester, OH run near $1,062/mo. Compared with median home prices of $205K that produces solid gross yields for typical rentals.
You know 45382 now. You don’t know where it ranks.
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