Real Estate Investing in Nelsonville, Ohio (45764)
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Should you buy in 45764 (Nelsonville, OH)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 20.3% of homes vacant — above national norms.
What’s happening in Nelsonville, OH (45764)?
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Market Analysis: 45764 Nelsonville
ZIP 45764 in Nelsonville, OH carries a notable set of headwinds. Home values near $117K and rents of $735/mo sit inside a market where underwriting has to be tight.
The investment case in 45764 is robust only for operators who understand what they are buying. A $117K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Nelsonville have seen price recovery that 45764 has not matched. Athens County data supports the view that the spread is structural rather than temporary.
Employment concentration in 45764 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 45764 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Nelsonville:
Property Strategy for 45764
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $93,923 | $970 | 7.4% | +7.9% | $46,962 |
| 3BR | $152,083 | $1,210 | 5.7% | +6.4% | $50,694 |
| 4BR | $163,155 | $1,390 | 6.1% | +6.4% | $40,789 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45764 Compare?
| Metric | 45764 | Nelsonville | Athens, OH | Ohio |
|---|---|---|---|---|
| Home Value | $116,892 | $116,892 | N/A | $237,530 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 7.4% |
| Avg Rent | $735 | $735 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45764 (Nelsonville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $116,892 |
| Monthly Rent | $735 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 4.9% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 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 (4.9%). 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 45764
Population: 7,548
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 45764
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
Should investors worry about vacancy in Nelsonville, OH?
Vacancy risk in Nelsonville, OH is elevated. That supports even-keeled cash flow for typical rental holds.
How much does a house cost in Nelsonville, OH?
Median home price in Nelsonville, OH is near $117K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Should investors consider Nelsonville, OH?
Yes - Nelsonville, OH a 3.0/5 investability score. With $117K home prices against $735/mo monthly rent, the market delivers a reasonable entry point for new investors.
How viable is house hacking in Nelsonville, OH?
Nelsonville, OH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $735/mo rent level.
What is the average monthly rent in Nelsonville, OH?
Investors in Nelsonville, OH typically see rents near $735/mo per month against $117K home values - a solid setup for rental cash flow.
You know 45764 now. You don’t know where it ranks.
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How 45764 ranks in Athens, OH
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