Real Estate Investing in Crown City, Ohio (45623)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45623 (Crown City, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.2% 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 Crown City, OH (45623)?
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Market Analysis: 45623 Crown City
ZIP 45623 inside Gallia County looks affordable on the surface — median value of $150K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 45623 is healthy only for operators who understand what they are buying. A $150K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Crown City have seen price recovery that 45623 has not matched. Gallia County data supports the view that the spread is structural rather than temporary.
Demographically, 45623 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.
Experienced landlords with local relationships tend to find 45623 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Crown City:
Property Strategy for 45623
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $109,271 | $1,100 | 7.2% | +6.4% | $54,636 |
| 3BR | $177,311 | $1,400 | 5.7% | +5.9% | $59,104 |
| 4BR | $269,074 | $1,790 | 4.8% | +7.0% | $67,269 |
Market Trends
Home Value History (with trend line)
📊 How Does 45623 Compare?
| Metric | 45623 | Crown City | Point Pleasant, WV-OH | Ohio |
|---|---|---|---|---|
| Home Value | $150,427 | $150,427 | N/A | $237,530 |
| 5-Year CAGR | 3.6% | 3.6% | N/A | 7.4% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45623 (Crown City, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $150,427 |
| Monthly Rent | $990 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (5.1%). 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 45623
Population: 3,381
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 45623
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
Is OH a landlord-friendly state?
Landlord-friendliness in Crown City, OH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Crown City, OH a good place for real estate investing?
Yes - Crown City, OH a 3.0/5 investability score. With $150K home prices against $990/mo monthly rent, the market delivers a reasonable entry point for new investors.
How expensive is real estate in Crown City, OH?
Median home price in Crown City, OH is near $150K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Can I live-in-and-rent in Crown City, OH?
House hacking in Crown City, OH is a challenging. With home values around $150K and rents at $990/mo, owner-occupants can offset a meaningful share of PITI.
What investment strategy works best in Crown City, OH?
In Crown City, OH the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $150K prices and $990/mo rents suits that approach.
You know 45623 now. You don’t know where it ranks.
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How 45623 ranks in Point Pleasant, WV-OH
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