Real Estate Investing in New Plymouth, Ohio (45654)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45654 (New Plymouth, OH)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 20.5% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in New Plymouth, OH (45654)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45654 New Plymouth
ZIP 45654 in New Plymouth, OH carries a notable set of headwinds. Home values near $253K and rents of $1,017/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 45654 can be a worth a close look for hunting ground — but the discount at $253K reflects genuine risk that outside investors often underestimate.
Within OH, ZIP 45654 trails on several market indicators that neighboring Hocking County submarkets outperform. The gap is real and robust enough to shape underwriting.
Employment concentration in 45654 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 45654 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 New Plymouth:
Market Trends
Home Value History (with trend line)
📊 How Does 45654 Compare?
| Metric | 45654 | New Plymouth | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $252,601 | $252,601 | N/A | $237,530 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 7.4% |
| Avg Rent | $1,017 | $1,017 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 45654 (New Plymouth, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 45654 (New Plymouth, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $252,601 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 (3.1%). 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 45654
Population: 715
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 strong are rents in New Plymouth, OH?
Investors in New Plymouth, OH typically see rents near $1,017/mo per month against $253K home values - a solid setup for rental cash flow.
Is vacancy a concern in New Plymouth, OH?
Expect elevated vacancy in New Plymouth, OH. Rents at $1,017/mo are absorbed by the tenant base without meaningful lag.
Is New Plymouth, OH a smart market for rental property?
The 3.0/5 investability rating in New Plymouth, OH reflects its $253K prices and $1,017/mo rents. Investors generally consider it a solid option within OH.
Is house hacking profitable in New Plymouth, OH?
House hacking in New Plymouth, OH is reasonable to execute. Prices around $253K and rents of $1,017/mo solid owner-occupant economics.
How do landlord-tenant laws work in New Plymouth, OH?
OH law landlord-friendly for landlords, and New Plymouth inherits those rules. Investors should still review local ordinances for rental licensing.
You know 45654 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45654 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 45654 ranks in Columbus, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 45654 (New Plymouth)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 45654 (New Plymouth, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.