Real Estate Investing in Hamden, Ohio (45634)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45634 (Hamden, 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: 16.2% 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 Hamden, OH (45634)?
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Market Analysis: 45634 Hamden
ZIP 45634 in Hamden, OH carries a substantial set of headwinds. Home values near $135K and rents of $873/mo sit inside a market where underwriting has to be tight.
Rent of $873/mo on a $135K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 45634 sits below the stated 0.0% once reality is priced in.
Stepping back, 45634 offers a low basis, the region around Hamden has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 45634 ZIP's population of 1,562 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Distressed ZIPs reward experience. impressive returns are possible in 45634, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Hamden:
Market Trends
Home Value History (with trend line)
📊 How Does 45634 Compare?
| Metric | 45634 | Hamden | Ohio |
|---|---|---|---|
| Home Value | $135,375 | $135,375 | $237,530 |
| 5-Year CAGR | 2.5% | 2.5% | 7.4% |
| Avg Rent | $873 | $873 | - |
| 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 45634 (Hamden, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $135,375 |
| Monthly Rent | $873 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | N/A |
🏠 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 45634
Population: 1,562
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 45634
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 Hamden, OH better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in Hamden, OH. With home values at $135K and rents near $873/mo, other strategies can work but produce stable rather than outsized returns.
Is Hamden, OH landlord-friendly?
Hamden, OH operates under OH law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
How strong is the working-renter base in Hamden, OH?
Hamden, OH draws a measured base of working renters. Demand at the $873/mo rent level is reasonable for standard single-family and small multi rentals.
Are there empty rentals in Hamden, OH?
Rental vacancy in Hamden, OH is elevated. Investors should budget normal turnover but not chronic empty units.
Is Hamden, OH suited for a house hack?
Hamden, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $135K price point reasonable to enter.
You know 45634 now. You don’t know where it ranks.
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