Real Estate Investing in Piketon, Ohio (45661)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45661 (Piketon, 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: 12.0% 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 Piketon, OH (45661)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45661 Piketon
ZIP 45661 in Piketon, OH carries a impressive set of headwinds. Home values near $170K and rents of $873/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 45661 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within OH, ZIP 45661 trails on several market indicators that neighboring Pike County submarkets outperform. The gap is real and impressive enough to shape underwriting.
The 45661 ZIP's population of 7,528 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
New investors are better served looking at Piketon's stable or hybrid ZIPs before stepping into 45661. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Piketon:
Property Strategy for 45661
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $148,186 | $970 | 4.7% | +6.2% | $74,093 |
| 3BR | $199,683 | $1,210 | 4.4% | +5.6% | $66,561 |
Market Trends
Home Value History (with trend line)
📊 How Does 45661 Compare?
| Metric | 45661 | Piketon | Ohio |
|---|---|---|---|
| Home Value | $169,782 | $169,782 | $237,530 |
| 5-Year CAGR | 3.9% | 3.9% | 7.4% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 4.0% | 4.0% | - |
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 45661 (Piketon, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $169,782 |
| Monthly Rent | $873 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 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 (4.0%). 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 45661
Population: 7,528
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 45661
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
Frequently Asked Questions
What is the median home value in Piketon, OH?
Piketon, OH home values average about $170K. That price point suits investors targeting rentals with $873/mo in monthly income.
What strategy should investors use in Piketon, OH?
In Piketon, OH the durable play is typically careful cash-flow rentals with hands-on management. The combination of $170K prices and $873/mo rents suits that approach.
What is the average monthly rent in Piketon, OH?
The typical rental in Piketon, OH commands about $873/mo monthly. That rent profile stable cash flow against the $170K purchase basis.
What does house hacking look like in Piketon, OH?
House hacking in Piketon, OH is reasonable to execute. Prices around $170K and rents of $873/mo solid owner-occupant economics.
Is rental property easy to operate in Piketon, OH?
OH law landlord-friendly for landlords, and Piketon inherits those rules. Investors should still review local ordinances for rental licensing.
You know 45661 now. You don’t know where it ranks.
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Community Ratings
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