Real Estate Investing in Millfield, Ohio (45761)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45761 (Millfield, 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: 12.7% 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 Millfield, OH (45761)?
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Market Analysis: 45761 Millfield
On balance, ZIP 45761 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $148K median. It rewards specialists, not generalists.
Turning to rents, the numbers look inviting — $148K purchase price, 0.0% nominal cap — the work to hit that pro forma in 45761 is substantial and deserves full respect.
Regionally, 45761 sits on the difficult end of the OH spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 45761 includes headwinds that any investor should price in. Income distribution skews lower than Millfield averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 45761 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 Millfield:
Market Trends
Home Value History (with trend line)
📊 How Does 45761 Compare?
| Metric | 45761 | Millfield | Athens, OH | Ohio |
|---|---|---|---|---|
| Home Value | $147,687 | $147,687 | N/A | $237,530 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45761 (Millfield, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $147,687 |
| Monthly Rent | $873 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (4.6%). 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 45761
Population: 1,323
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much rent can I charge in Millfield, OH?
Investors in Millfield, OH typically see rents near $873/mo per month against $148K home values - a solid setup for rental cash flow.
How strong is tenant demand in Millfield, OH?
Tenant demand in Millfield, OH is solid. The local workforce $873/mo rents across most rental classes.
What is the investability score for Millfield, OH?
Millfield, OH rates 3.0/5 for investability. With median values at $148K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
How quickly do rentals get leased in Millfield, OH?
Millfield, OH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Where do home prices stand in Millfield, OH?
Homes in Millfield, OH typically sell near $148K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
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