Real Estate Investing in Ray, Ohio (45672)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45672 (Ray, 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: 13.7% 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 Ray, OH (45672)?
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Market Analysis: 45672 Ray
ZIP 45672 inside Jackson County looks affordable on the surface — median value of $192K — but the discount exists for reasons that a careful buyer should understand before committing.
The 45672 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 45672 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 45672 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 45672 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Ray:
Market Trends
Home Value History (with trend line)
📊 How Does 45672 Compare?
| Metric | 45672 | Ray | Jackson, OH | Ohio |
|---|---|---|---|---|
| Home Value | $191,599 | $191,599 | N/A | $237,530 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 7.4% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45672 (Ray, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $191,599 |
| Monthly Rent | $900 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.7%). 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 45672
Population: 1,408
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
Frequently Asked Questions
What is the typical vacancy rate in Ray, OH?
Ray, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What are rental rates like in Ray, OH?
Rental rates in Ray, OH average $900/mo. Tenant demand and $192K home values make the yield look reasonable by investor standards.
Is Ray, OH a friendly market for rental owners?
Ray, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the tenant pool like in Ray, OH?
The tenant pool in Ray, OH is solid, supported by local employment and population fundamentals. Rents of $900/mo are well-absorbed by the market.
Is Ray in OH worth investing in?
Our data puts Ray, OH at 3.0/5 for investability. Home prices of $192K and rents around $900/mo create a solid backdrop for investor activity.
You know 45672 now. You don’t know where it ranks.
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How 45672 ranks in Jackson, OH
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