Real Estate Investing in Chillicothe, Ohio (45601)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45601 (Chillicothe, 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 Chillicothe, OH (45601)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45601 Chillicothe
Not every below-median market is a bargain. Chillicothe's 45601 ZIP reports signals that favor experienced operators who can absorb the risk $208K pricing implies.
The 45601 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Chillicothe have seen price recovery that 45601 has not matched. Ross County data supports the view that the spread is structural rather than temporary.
The 45601 ZIP's population of 56,453 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
Strategy in 45601 is an operator game, not a passive one. In practical terms, entry prices of $208K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Chillicothe:
Property Strategy for 45601
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $125,759 | $900 | 5.2% | +6.8% | $125,759 |
| 2BR | $171,309 | $1,080 | 4.5% | +9.2% | $85,654 |
| 3BR | $235,210 | $1,360 | 4.2% | +8.5% | $78,403 |
| 4BR | $310,415 | $1,430 | 3.3% | +7.9% | $77,604 |
| 5BR | $376,525 | — | — | +7.1% | $75,305 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45601 Compare?
| Metric | 45601 | Chillicothe | Chillicothe, OH | Ohio |
|---|---|---|---|---|
| Home Value | $207,805 | $207,805 | N/A | $237,530 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.4% |
| Avg Rent | $1,148 | $1,148 | N/A | - |
| Cap Rate | 4.3% | 4.3% | - | - |
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 45601 (Chillicothe, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,805 |
| Monthly Rent | $1,148 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (4.3%). 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 45601
Population: 56,453
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 45601
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
Is housing expensive in Chillicothe, OH?
Chillicothe, OH median home values land near $208K. That is reasonable territory for investors looking at $1,148/mo-per-month rentals.
Is it easy to find good tenants in Chillicothe, OH?
The renter base in Chillicothe, OH is reasonable for the $1,148/mo price point. Screening well and pricing to market typically yields steady tenants.
How much is rent in Chillicothe, OH?
Rents in Chillicothe, OH run near $1,148/mo. Compared with median home prices of $208K that produces solid gross yields for typical rentals.
Is Chillicothe, OH landlord-friendly?
OH ranks as a landlord-friendly state for landlord-tenant law. Chillicothe generally follows the statewide framework, so landlords face reasonable operating rules.
What type of investing works in Chillicothe, OH?
A careful cash-flow rentals with hands-on management strategy Chillicothe, OH best. The market produces steady results for that approach at the $208K price point.
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