Real Estate Investing in Peebles, Ohio (45660)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45660 (Peebles, 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: 18.1% 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 Peebles, OH (45660)?
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Market Analysis: 45660 Peebles
The 45660 ZIP in Peebles, OH is a local-operator market. Outside capital chasing a $189K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $189K asset, 45660 is the wrong submarket. If the plan prices in friction, the yield can still work.
On balance, 45660 offers a low basis, the region around Peebles has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 45660 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 45660 is an operator game, not a passive one. From a cash-flow lens, entry prices of $189K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Peebles:
Property Strategy for 45660
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $107,135 | $780 | 5.2% | +6.6% | $107,135 |
| 2BR | $146,755 | $980 | 4.8% | +8.7% | $73,377 |
| 3BR | $213,752 | $1,220 | 4.1% | +8.4% | $71,251 |
| 4BR | $248,681 | $1,330 | 3.9% | +9.2% | $62,170 |
Market Trends
Home Value History (with trend line)
📊 How Does 45660 Compare?
| Metric | 45660 | Peebles | Ohio |
|---|---|---|---|
| Home Value | $189,038 | $189,038 | $237,530 |
| 5-Year CAGR | 5.7% | 5.7% | 7.4% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 3.6% | 3.6% | - |
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 45660 (Peebles, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $189,038 |
| Monthly Rent | $882 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.6%). 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 45660
Population: 7,817
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 45660
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.
Frequently Asked Questions
Do landlords face vacancy issues in Peebles, OH?
Expect elevated vacancy in Peebles, OH. Rents at $882/mo are absorbed by the tenant base without meaningful lag.
What monthly rent should investors expect in Peebles, OH?
Average rent in Peebles, OH is approximately $882/mo per month. Against $189K home values that yields a reasonable rent-to-price ratio.
What kind of tenants rent in Peebles, OH?
Peebles, OH offers a stable renter base at the $882/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does house hacking make sense in Peebles, OH?
House hacking in Peebles, OH is reasonable to execute. Prices around $189K and rents of $882/mo solid owner-occupant economics.
How strong is Peebles, OH for real estate investors?
Peebles, OH scores 3.0/5 for investability. Home values sit at $189K and rents near $882/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
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