Real Estate Investing in Coolville, Ohio (45723)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45723 (Coolville, OH)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 18.5% 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 Coolville, OH (45723)?
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Market Analysis: 45723 Coolville
ZIP 45723 inside Athens County looks affordable on the surface — median value of $178K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 45723 can be a an appealing option for hunting ground — but the discount at $178K reflects genuine risk that outside investors often underestimate.
Within OH, ZIP 45723 trails on several market indicators that neighboring Athens County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Employment concentration in 45723 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 45723 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 Coolville:
Market Trends
Home Value History (with trend line)
📊 How Does 45723 Compare?
| Metric | 45723 | Coolville | Athens, OH | Ohio |
|---|---|---|---|---|
| Home Value | $177,663 | $177,663 | N/A | $237,530 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45723 (Coolville, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $177,663 |
| Monthly Rent | $873 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (3.8%). 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 45723
Population: 3,663
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 45723
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
Is Coolville, OH a smart market for rental property?
The 3.0/5 investability rating in Coolville, OH reflects its $178K prices and $873/mo rents. Investors generally consider it a solid option within OH.
How deep is the rental pool in Coolville, OH?
The tenant pool in Coolville, OH is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.
What are rental rates like in Coolville, OH?
Average rent in Coolville, OH is approximately $873/mo per month. Against $178K home values that yields a reasonable rent-to-price ratio.
Are there empty rentals in Coolville, OH?
Vacancy in Coolville, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
What strategy should investors use in Coolville, OH?
Investors usually favor careful cash-flow rentals with hands-on management in Coolville, OH. With home values at $178K and rents near $873/mo, other strategies can work but produce reliable rather than outsized returns.
You know 45723 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45723 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 45723 ranks in Athens, OH
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