Real Estate Investing in Wheelersburg, Ohio (45694)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45694 (Wheelersburg, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wheelersburg, OH (45694)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45694 Wheelersburg
The 45694 ZIP in Wheelersburg, OH is a local-operator market. Outside capital chasing a $201K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 45694 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within OH, ZIP 45694 trails on several market indicators that neighboring Scioto County submarkets outperform. The gap is real and solid enough to shape underwriting.
Employment concentration in 45694 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 45694 is an operator game, not a passive one. Stepping back, entry prices of $201K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Wheelersburg:
Property Strategy for 45694
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $132,883 | $1,070 | 5.8% | +7.9% | $66,442 |
| 3BR | $200,232 | $1,460 | 5.2% | +7.5% | $66,744 |
| 4BR | $284,009 | $1,610 | 4.1% | +7.5% | $71,002 |
Market Trends
Home Value History (with trend line)
📊 How Does 45694 Compare?
| Metric | 45694 | Wheelersburg | Portsmouth, OH | Ohio |
|---|---|---|---|---|
| Home Value | $201,378 | $201,378 | N/A | $237,530 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 7.4% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 45694 (Wheelersburg, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $201,378 |
| Monthly Rent | $963 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 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 (3.7%). 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 45694
Population: 12,763
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 45694
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
Investor Insight: With 665 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Wheelersburg, OH for real estate investors?
Wheelersburg, OH comes in at an investability rating of 3.0/5, with median home values near $201K and average rents around $963/mo. That combination puts it in the notable tier for investor interest.
Where do rents currently stand in Wheelersburg, OH?
Rents in Wheelersburg, OH run near $963/mo. Compared with median home prices of $201K that produces solid gross yields for typical rentals.
What is the typical renter like in Wheelersburg, OH?
The tenant pool in Wheelersburg, OH is solid, supported by local employment and population fundamentals. Rents of $963/mo are well-absorbed by the market.
What is the smart move for investors in Wheelersburg, OH?
The best-fit strategy in Wheelersburg, OH is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical home price in Wheelersburg, OH?
Wheelersburg, OH home values average about $201K. That price point suits investors targeting rentals with $963/mo in monthly income.
You know 45694 now. You don’t know where it ranks.
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How 45694 ranks in Portsmouth, OH
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