Real Estate Investing in South Bloomingville, Ohio (45647)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45647 (South Bloomingville, 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: 12.4% 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 South Bloomingville, OH (45647)?
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Market Analysis: 45647 South Bloomingville
Investors eyeing 45647 need to respect the fundamentals at play. Home values of $202K come alongside slower price movement and elevated management overhead.
Rent of $873/mo on a $202K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 45647 sits below the stated 0.0% once reality is priced in.
Looking more closely, 45647 offers a low basis, the region around South Bloomingville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 45647 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 45647 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 South Bloomingville:
Market Trends
Home Value History (with trend line)
📊 How Does 45647 Compare?
| Metric | 45647 | South Bloomingville | Chillicothe, OH | Ohio |
|---|---|---|---|---|
| Home Value | $201,642 | $256,434 | N/A | $237,530 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 7.4% |
| Avg Rent | $873 | $882 | N/A | - |
| Cap Rate | 3.4% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45647 (South Bloomingville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $201,642 |
| Monthly Rent | $873 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 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 (3.4%). 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 45647
Population: 2,276
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
How viable is house hacking in South Bloomingville, OH?
The house hack math a challenging in South Bloomingville, OH. Owner-occupant buyers benefit from the $873/mo rents and $202K home values.
What is the typical renter like in South Bloomingville, OH?
Tenant quality in South Bloomingville, OH ranks as solid. Landlords generally report reliable occupancy at market rents of $873/mo.
How landlord-friendly is South Bloomingville, OH?
The landlord environment in South Bloomingville, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How much do tenants pay in South Bloomingville, OH?
Rent in South Bloomingville, OH is around $873/mo. The resulting rent-to-value relationship with $202K pricing is reasonable for most investor models.
What is the investability score for South Bloomingville, OH?
Yes - South Bloomingville, OH a 3.0/5 investability score. With $202K home prices against $873/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 45647 now. You don’t know where it ranks.
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How 45647 ranks in Chillicothe, OH
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