Real Estate Investing in Otway, Ohio (45657)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45657 (Otway, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 45.6% 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 Otway, OH (45657)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45657 Otway
The 45657 ZIP covers a section of Otway that demands careful diligence. Prices near $155K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 45657 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 45657 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A sturdy renter share of 12% in 45657 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. healthy returns are possible in 45657, 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 Otway:
Property Strategy for 45657
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $125,871 | $970 | 5.5% | +7.2% | $62,936 |
| 3BR | $180,632 | $1,320 | 5.3% | +7.5% | $60,211 |
Market Trends
Home Value History (with trend line)
📊 How Does 45657 Compare?
| Metric | 45657 | Otway | Portsmouth, OH | Ohio |
|---|---|---|---|---|
| Home Value | $155,144 | $155,144 | N/A | $237,530 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
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 45657 (Otway, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 45657 (Otway, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $155,144 |
| Monthly Rent | $873 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +16.5% ▲ |
| 3-Year CAGR | +9.6% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (4.4%). 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 45657
Population: 1,697
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
Investor Insight: With 665 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How landlord-friendly is Otway, OH?
The landlord environment in Otway, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is the tenant base reliable in Otway, OH?
The renter base in Otway, OH is reasonable for the $873/mo price point. Screening well and pricing to market typically yields stable tenants.
What is the best play in Otway, OH?
For Otway, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Otway, OH good for house hacking?
The house hack math a challenging in Otway, OH. Owner-occupant buyers benefit from the $873/mo rents and $155K home values.
What price range are homes in Otway, OH?
The median home value in Otway, OH is roughly $155K. That puts it reasonable relative to the OH statewide average.
You know 45657 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45657 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 45657 ranks in Portsmouth, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 45657 (Otway)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 45657 (Otway, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.