Real Estate Investing in Waverly, Ohio (45690)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45690 (Waverly, 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: 12.5% 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 Waverly, OH (45690)?
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Market Analysis: 45690 Waverly
ZIP 45690 inside Pike County looks affordable on the surface — median value of $179K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $954/mo on a $179K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 45690 sits below the stated 0.0% once reality is priced in.
Meanwhile, 45690 offers a low basis, the region around Waverly has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 45690 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 45690 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 Waverly:
Property Strategy for 45690
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $153,479 | $1,060 | 5.0% | +5.0% | $76,739 |
| 3BR | $190,482 | $1,320 | 5.0% | +6.1% | $63,494 |
| 4BR | $253,249 | $1,540 | 4.4% | +5.8% | $63,312 |
Market Trends
Home Value History (with trend line)
📊 How Does 45690 Compare?
| Metric | 45690 | Waverly | Chillicothe, OH | Ohio |
|---|---|---|---|---|
| Home Value | $179,433 | $179,433 | N/A | $237,530 |
| 5-Year CAGR | 3.9% | 3.9% | N/A | 7.4% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45690 (Waverly, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $179,433 |
| Monthly Rent | $954 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (4.2%). 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 45690
Population: 13,315
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 45690
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
How expensive is real estate in Waverly, OH?
The median home value in Waverly, OH is roughly $179K. That puts it reasonable relative to the OH statewide average.
Is Waverly, OH a friendly market for rental owners?
Waverly, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What do landlords charge for rent in Waverly, OH?
Rent in Waverly, OH is around $954/mo. The resulting rent-to-value relationship with $179K pricing is reasonable for most investor models.
Is Waverly in OH worth investing in?
Investors tracking Waverly, OH will find a 3.0/5 rating supported by $179K median home values and $954/mo rents. That profile suits long-term holders targeting reliable returns.
Is the tenant base reliable in Waverly, OH?
Tenant demand in Waverly, OH is solid. The local workforce $954/mo rents across most rental classes.
You know 45690 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45690 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 45690 ranks in Chillicothe, OH
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