Real Estate Investing in West Union, Ohio (45693)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45693 (West Union, 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: 19.5% 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 West Union, OH (45693)?
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Market Analysis: 45693 West Union
ZIP 45693 in West Union, OH carries a substantial set of headwinds. Home values near $195K and rents of $873/mo sit inside a market where underwriting has to be tight.
The investment case in 45693 is sturdy only for operators who understand what they are buying. A $195K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within OH, ZIP 45693 trails on several market indicators that neighboring Adams County submarkets outperform. The gap is real and notable enough to shape underwriting.
A substantial renter share of 26% in 45693 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. impressive returns are possible in 45693, 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 West Union:
Property Strategy for 45693
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $142,843 | $970 | 4.9% | +7.9% | $71,422 |
| 3BR | $199,360 | $1,220 | 4.4% | +8.0% | $66,453 |
| 4BR | $255,227 | $1,290 | 3.6% | +8.2% | $63,807 |
Market Trends
Home Value History (with trend line)
📊 How Does 45693 Compare?
| Metric | 45693 | West Union | Ohio |
|---|---|---|---|
| Home Value | $194,632 | $194,632 | $237,530 |
| 5-Year CAGR | 5.8% | 5.8% | 7.4% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.5% | 3.5% | - |
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 45693 (West Union, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $194,632 |
| Monthly Rent | $873 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.5%). 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 45693
Population: 8,452
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 45693
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
What price range are homes in West Union, OH?
Median home price in West Union, OH is near $195K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
How strong is the working-renter base in West Union, OH?
Tenant demand in West Union, OH is solid. The local workforce $873/mo rents across most rental classes.
Is vacancy a concern in West Union, OH?
Rental vacancy in West Union, OH is elevated. Investors should budget normal turnover but not chronic empty units.
Are eviction rules reasonable in West Union, OH?
For rental operators, West Union, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Can I house hack in West Union, OH?
West Union, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $195K price point reasonable to enter.
You know 45693 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45693 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.
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