Real Estate Investing in Pedro, Ohio (45659)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45659 (Pedro, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.5% 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 Pedro, OH (45659)?
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Market Analysis: 45659 Pedro
ZIP 45659 in Pedro, OH carries a durable set of headwinds. Home values near $123K and rents of $918/mo sit inside a market where underwriting has to be tight.
The investment case in 45659 is durable only for operators who understand what they are buying. A $123K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader OH picture, 45659 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 45659 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. sturdy returns are possible in 45659, 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 Pedro:
Property Strategy for 45659
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $86,507 | $1,020 | 8.5% | +4.3% | $43,254 |
| 3BR | $144,729 | $1,310 | 6.5% | +4.4% | $48,243 |
Market Trends
Home Value History (with trend line)
📊 How Does 45659 Compare?
| Metric | 45659 | Pedro | Ohio |
|---|---|---|---|
| Home Value | $122,921 | $122,921 | $237,530 |
| 5-Year CAGR | 4.0% | 4.0% | 7.4% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 5.8% | 5.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45659 (Pedro, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $122,921 |
| Monthly Rent | $918 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.8% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +12.4% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (5.8%). 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 45659
Population: 3,007
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 2,137 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is OH a landlord-friendly state?
For rental operators, Pedro, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is it easy to find good tenants in Pedro, OH?
Pedro, OH draws a measured base of working renters. Demand at the $918/mo rent level is reasonable for standard single-family and small multi rentals.
Can I live-in-and-rent in Pedro, OH?
House hacking works a challenging in Pedro, OH. Rents of $918/mo against $123K acquisition make the strategy solid for owner-occupants.
How should investors approach Pedro, OH?
The best-fit strategy in Pedro, OH is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How expensive is real estate in Pedro, OH?
Typical homes in Pedro, OH go for around $123K. The 5-year CAGR of 0.0% stable price movement.
You know 45659 now. You don’t know where it ranks.
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