Real Estate Investing in Lucasville, Ohio (45648)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45648 (Lucasville, 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: 14.6% 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 Lucasville, OH (45648)?
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Market Analysis: 45648 Lucasville
ZIP 45648 in Lucasville, OH carries a durable set of headwinds. Home values near $182K and rents of $909/mo sit inside a market where underwriting has to be tight.
The investment case in 45648 is notable only for operators who understand what they are buying. A $182K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader OH picture, 45648 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A resilient renter share of 23% in 45648 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. significant returns are possible in 45648, 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 Lucasville:
Property Strategy for 45648
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $116,078 | $1,010 | 6.3% | +7.5% | $58,039 |
| 3BR | $193,038 | $1,360 | 5.1% | +7.1% | $64,346 |
| 4BR | $240,491 | $1,510 | 4.5% | +7.1% | $60,123 |
Market Trends
Home Value History (with trend line)
📊 How Does 45648 Compare?
| Metric | 45648 | Lucasville | Portsmouth, OH | Ohio |
|---|---|---|---|---|
| Home Value | $182,041 | $91,020 | N/A | $237,530 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 7.4% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
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 45648 (Lucasville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $182,041 |
| Monthly Rent | $909 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +13.8% ▲ |
| 3-Year CAGR | +8.4% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.9%). 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 45648
Population: 11,306
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 45648
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 665 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the best play in Lucasville, OH?
A careful cash-flow rentals with hands-on management strategy Lucasville, OH best. The market produces steady results for that approach at the $182K price point.
Is housing expensive in Lucasville, OH?
In Lucasville, OH the median home value sits at $182K. Against the broader OH market, that reads as reasonable for most investors.
Should investors worry about vacancy in Lucasville, OH?
Expect elevated vacancy in Lucasville, OH. Rents at $909/mo are absorbed by the tenant base without meaningful lag.
Is Lucasville, OH a friendly market for rental owners?
The landlord environment in Lucasville, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How does Lucasville, OH rate as a rental market?
Yes - Lucasville, OH a 3.0/5 investability score. With $182K home prices against $909/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 45648 now. You don’t know where it ranks.
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How 45648 ranks in Portsmouth, OH
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