Real Estate Investing in Centerville, Ohio (45458)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45458 (Centerville, 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 Centerville, OH (45458)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45458 Centerville
Meanwhile, ZIP 45458 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $428K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $428K asset, 45458 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 45458 sits on the difficult end of the OH spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The 45458 ZIP's population of 37,413 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Centerville:
Property Strategy for 45458
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $189,522 | $1,610 | 6.1% | +7.7% | $94,761 |
| 3BR | $356,561 | $2,090 | 4.2% | +6.8% | $118,854 |
| 4BR | $488,886 | $2,300 | 3.4% | +6.8% | $122,222 |
| 5BR | $611,786 | — | — | +6.7% | $122,357 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45458 Compare?
| Metric | 45458 | Centerville | Dayton-Kettering, OH | Ohio |
|---|---|---|---|---|
| Home Value | $428,137 | $428,137 | N/A | $237,530 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.4% |
| Avg Rent | $1,693 | $1,693 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 45458 (Centerville, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 45458 (Centerville, 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 | $428,137 |
| Monthly Rent | $1,693 |
| Price-to-Rent | 21.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | -8.5% ▼ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 45458
Population: 37,413
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 45458
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 do experienced investors play Centerville, OH?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Centerville, OH. The numbers - $428K homes against $1,693/mo rents - support that play.
What is the average monthly rent in Centerville, OH?
Rent in Centerville, OH is around $1,693/mo. The resulting rent-to-value relationship with $428K pricing is reasonable for most investor models.
What is the typical home price in Centerville, OH?
In Centerville, OH the median home value sits at $428K. Against the broader OH market, that reads as reasonable for most investors.
What is the rental occupancy rate in Centerville, OH?
Occupancy in Centerville, OH runs stable with elevated vacancy. Well-priced units at $1,693/mo lease on reasonable timelines.
Is Centerville, OH good for landlords?
Centerville, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 45458 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45458 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 45458 ranks in Dayton-Kettering, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 45458 (Centerville)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 45458 (Centerville, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.