Real Estate Investing in Cairo, Ohio (45820)
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Should you buy in 45820 (Cairo, 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: 9.6% vacancy may signal weakening demand.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cairo, OH (45820)?
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Market Analysis: 45820 Cairo
This part of Allen County is not an easy win. The 45820 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 45820 can be a a strong candidate for hunting ground — but the discount at $146K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 45820 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 45820 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 45820 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Cairo:
Market Trends
Home Value History (with trend line)
📊 How Does 45820 Compare?
| Metric | 45820 | Cairo | Lima, OH | Ohio |
|---|---|---|---|---|
| Home Value | $146,305 | $146,305 | N/A | $237,530 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.4% |
| Avg Rent | $918 | $918 | 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 45820 (Cairo, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $146,305 |
| Monthly Rent | $918 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 45820
Population: 600
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
Investor Insight: With 1,790 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which real estate strategy fits Cairo, OH?
The best-fit strategy in Cairo, OH is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How deep is the rental pool in Cairo, OH?
Expect a solid tenant pool in Cairo, OH. The rental market absorbs $918/mo rents without meaningful friction.
What is the typical home price in Cairo, OH?
Homes in Cairo, OH typically sell near $146K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
How do landlord-tenant laws work in Cairo, OH?
OH law landlord-friendly for landlords, and Cairo inherits those rules. Investors should still review local ordinances for rental licensing.
What is the typical rental rate in Cairo, OH?
The typical rental in Cairo, OH commands about $918/mo monthly. That rent profile predictable cash flow against the $146K purchase basis.
You know 45820 now. You don’t know where it ranks.
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How 45820 ranks in Lima, OH
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