Real Estate Investing in Cheshire, Ohio (45620)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45620 (Cheshire, 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.
- High vacancy: 20.6% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cheshire, OH (45620)?
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Market Analysis: 45620 Cheshire
This part of Gallia County is not an easy win. The 45620 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 45620 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Stepping back, 45620 offers a low basis, the region around Cheshire has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 45620 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 45620 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 Cheshire:
Market Trends
Home Value History (with trend line)
📊 How Does 45620 Compare?
| Metric | 45620 | Cheshire | Point Pleasant, WV-OH | Ohio |
|---|---|---|---|---|
| Home Value | $137,346 | $137,346 | N/A | $237,530 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45620 (Cheshire, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $137,346 |
| Monthly Rent | $873 |
| Price-to-Rent | 13.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 5.0% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (5.0%). 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 45620
Population: 751
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
Frequently Asked Questions
What kind of market is Cheshire, OH for investors?
Investors tracking Cheshire, OH will find a 3.0/5 rating supported by $137K median home values and $873/mo rents. That profile suits long-term holders targeting even-keeled returns.
What do landlords charge for rent in Cheshire, OH?
Rent in Cheshire, OH is around $873/mo. The resulting rent-to-value relationship with $137K pricing is reasonable for most investor models.
Are eviction rules reasonable in Cheshire, OH?
Cheshire, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Does a duplex house hack pencil in Cheshire, OH?
For house hackers, Cheshire, OH is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $137K property.
How tight is the rental market in Cheshire, OH?
Vacancy risk in Cheshire, OH is elevated. That supports measured cash flow for typical rental holds.
You know 45620 now. You don’t know where it ranks.
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How 45620 ranks in Point Pleasant, WV-OH
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