Real Estate Investing in Oak Hill, Ohio (45656)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45656 (Oak Hill, OH)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.6% of homes vacant — above national norms.
- Declining values: -1.6% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Oak Hill, OH (45656)?
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Market Analysis: 45656 Oak Hill
Not every below-median market is a bargain. Oak Hill's 45656 ZIP sits at signals that favor experienced operators who can absorb the risk $122K pricing implies.
Rent of $873/mo on a $122K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 45656 sits below the stated 0.0% once reality is priced in.
Within OH, ZIP 45656 trails on several market indicators that neighboring Jackson County submarkets outperform. The gap is real and solid enough to shape underwriting.
The 45656 ZIP's population of 6,812 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The 45656 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Oak Hill:
Property Strategy for 45656
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $88,036 | $770 | 6.3% | +2.4% | $88,036 |
| 2BR | $105,955 | $970 | 6.6% | +4.8% | $52,977 |
| 3BR | $176,483 | $1,260 | 5.1% | +5.0% | $58,828 |
| 4BR | $204,350 | $1,360 | 4.8% | +3.8% | $51,088 |
Market Trends
Home Value History (with trend line)
📊 How Does 45656 Compare?
| Metric | 45656 | Oak Hill | Jackson, OH | Ohio |
|---|---|---|---|---|
| Home Value | $121,692 | $121,692 | N/A | $237,530 |
| 5-Year CAGR | N/A | N/A | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 5.6% | 5.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45656 (Oak Hill, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $121,692 |
| Monthly Rent | $873 |
| Price-to-Rent | 11.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.6% |
| Cap Rate | 5.6% |
| 5-Year IRR | 4.0% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | -2.0% ▼ |
| 5-Year CAGR | -1.6% ▼ |
| 10-Year CAGR | +3.0% ▲ |
🏠 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 (5.6%). 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 45656
Population: 6,812
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 45656
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 average home sale price in Oak Hill, OH?
The median home value in Oak Hill, OH is roughly $122K. That puts it reasonable relative to the OH statewide average.
Do landlords face vacancy issues in Oak Hill, OH?
Oak Hill, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
How deep is the rental pool in Oak Hill, OH?
Tenant quality in Oak Hill, OH ranks as solid. Landlords generally report measured occupancy at market rents of $873/mo.
What real estate strategy is ideal for Oak Hill, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Oak Hill, OH. With home values at $122K and rents near $873/mo, other strategies can work but produce predictable rather than outsized returns.
How much is rent in Oak Hill, OH?
The typical rental in Oak Hill, OH commands about $873/mo monthly. That rent profile stable cash flow against the $122K purchase basis.
You know 45656 now. You don’t know where it ranks.
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How 45656 ranks in Jackson, OH
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