Real Estate Investing in West Milton, Ohio (45383)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45383 (West Milton, 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 Milton, OH (45383)?
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Market Analysis: 45383 West Milton
This part of Miami County is not an easy win. The 45383 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $244K asset, 45383 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 45383's metrics run below Miami County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
On balance, 6,883 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at West Milton's stable or hybrid ZIPs before stepping into 45383. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in West Milton:
Property Strategy for 45383
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $167,798 | $1,130 | 4.8% | +7.7% | $83,899 |
| 3BR | $235,478 | $1,470 | 4.5% | +7.8% | $78,493 |
| 4BR | $290,517 | $1,610 | 4.0% | +7.5% | $72,629 |
Market Trends
Home Value History (with trend line)
📊 How Does 45383 Compare?
| Metric | 45383 | West Milton | Dayton-Kettering, OH | Ohio |
|---|---|---|---|---|
| Home Value | $243,573 | $243,573 | N/A | $237,530 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.4% |
| Avg Rent | $1,017 | $1,017 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 45383 (West Milton, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $243,573 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 45383
Population: 6,883
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 45383
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
Frequently Asked Questions
How much rent can I charge in West Milton, OH?
Rents in West Milton, OH run near $1,017/mo. Compared with median home prices of $244K that produces solid gross yields for typical rentals.
Is West Milton, OH good for house hacking?
House hacking in West Milton, OH is a challenging. With home values around $244K and rents at $1,017/mo, owner-occupants can offset a meaningful share of PITI.
Is real estate in West Milton, OH a good investment right now?
West Milton, OH scores 3.0/5 for investability. Home values sit at $244K and rents near $1,017/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How quickly do rentals get leased in West Milton, OH?
Vacancy risk in West Milton, OH is elevated. That supports stable cash flow for typical rental holds.
What investment strategy works best in West Milton, OH?
In West Milton, OH the notable play is typically careful cash-flow rentals with hands-on management. The combination of $244K prices and $1,017/mo rents suits that approach.
You know 45383 now. You don’t know where it ranks.
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How 45383 ranks in Dayton-Kettering, OH
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