Real Estate Investing in Winchester, Ohio (45697)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45697 (Winchester, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Winchester, OH (45697)?
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Market Analysis: 45697 Winchester
Investors eyeing 45697 need to respect the fundamentals at play. Home values of $247K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $247K asset, 45697 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader OH picture, 45697 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 45697 ZIP's population of 6,138 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
The right play in 45697 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Winchester:
Property Strategy for 45697
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $180,059 | $970 | 3.9% | +7.5% | $90,030 |
| 3BR | $248,956 | $1,240 | 3.6% | +7.4% | $82,985 |
| 4BR | $296,975 | $1,400 | 3.4% | +8.1% | $74,244 |
Market Trends
Home Value History (with trend line)
📊 How Does 45697 Compare?
| Metric | 45697 | Winchester | Cincinnati, OH-KY-IN | Ohio |
|---|---|---|---|---|
| Home Value | $247,148 | $247,148 | N/A | $237,530 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45697 (Winchester, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $247,148 |
| Monthly Rent | $873 |
| Price-to-Rent | 23.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.8%). 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 45697
Population: 6,138
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 45697
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.
Frequently Asked Questions
How does Winchester, OH rate as a rental market?
Winchester, OH rates 3.0/5 for investability. With median values at $247K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
How high is vacancy risk in Winchester, OH?
Vacancy risk in Winchester, OH is elevated. That supports reliable cash flow for typical rental holds.
How much is rent in Winchester, OH?
Rents in Winchester, OH run near $873/mo. Compared with median home prices of $247K that produces solid gross yields for typical rentals.
Is house hacking profitable in Winchester, OH?
House hacking works a challenging in Winchester, OH. Rents of $873/mo against $247K acquisition make the strategy solid for owner-occupants.
What kind of tenants rent in Winchester, OH?
Tenant quality in Winchester, OH ranks as solid. Landlords generally report stable occupancy at market rents of $873/mo.
You know 45697 now. You don’t know where it ranks.
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How 45697 ranks in Cincinnati, OH-KY-IN
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