Real Estate Investing in Franklin Furnace, Ohio (45629)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45629 (Franklin Furnace, 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: 16.1% 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 Franklin Furnace, OH (45629)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45629 Franklin Furnace
ZIP 45629 in Franklin Furnace, OH carries a resilient set of headwinds. Home values near $183K and rents of $900/mo sit inside a market where underwriting has to be tight.
The 45629 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within OH, ZIP 45629 trails on several market indicators that neighboring Scioto County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Demographically, 45629 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.
Strategically, 45629 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Franklin Furnace:
Property Strategy for 45629
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $130,732 | $1,000 | 5.5% | +7.0% | $65,366 |
| 3BR | $190,485 | $1,360 | 5.1% | +6.0% | $63,495 |
Market Trends
Home Value History (with trend line)
📊 How Does 45629 Compare?
| Metric | 45629 | Franklin Furnace | Portsmouth, OH | Ohio |
|---|---|---|---|---|
| Home Value | $183,418 | $183,418 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.4% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 45629 (Franklin Furnace, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 45629 (Franklin Furnace, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $183,418 |
| Monthly Rent | $900 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +12.6% ▲ |
| 3-Year CAGR | +8.6% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (3.8%). 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 45629
Population: 3,127
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 45629
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
Investor Insight: With 716 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Franklin Furnace, OH a good place for real estate investing?
Yes - Franklin Furnace, OH a 3.0/5 investability score. With $183K home prices against $900/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Franklin Furnace, OH better for rentals, flips, or BRRRR?
Franklin Furnace, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($183K prices, $900/mo rents) make it a reasonable choice.
Do rentals sit vacant long in Franklin Furnace, OH?
Expect elevated vacancy in Franklin Furnace, OH. Rents at $900/mo are absorbed by the tenant base without meaningful lag.
How landlord-friendly is Franklin Furnace, OH?
The landlord environment in Franklin Furnace, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How much does a house cost in Franklin Furnace, OH?
Homes in Franklin Furnace, OH typically sell near $183K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
You know 45629 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45629 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 45629 ranks in Portsmouth, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 45629 (Franklin Furnace)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 45629 (Franklin Furnace, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.