Real Estate Investing in Celina, Ohio (45822)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45822 (Celina, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.0% 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 Celina, OH (45822)?
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Market Analysis: 45822 Celina
On balance, ZIP 45822 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $248K median. It rewards specialists, not generalists.
The 45822 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 45822 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 45822 ZIP's population of 20,170 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Experienced landlords with local relationships tend to find 45822 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 Celina:
Property Strategy for 45822
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $128,735 | $830 | 4.6% | +7.3% | $128,735 |
| 2BR | $169,784 | $1,040 | 4.4% | +8.6% | $84,892 |
| 3BR | $261,671 | $1,360 | 3.7% | +8.3% | $87,224 |
| 4BR | $306,219 | $1,380 | 3.2% | +7.9% | $76,555 |
| 5BR | $353,808 | — | — | +8.2% | $70,762 |
Market Trends
Home Value History (with trend line)
📊 How Does 45822 Compare?
| Metric | 45822 | Celina | Celina, OH | Ohio |
|---|---|---|---|---|
| Home Value | $247,985 | $247,985 | N/A | $237,530 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.4% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 45822 (Celina, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $247,985 |
| Monthly Rent | $936 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.9%). 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 45822
Population: 20,170
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 45822
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
How much does a house cost in Celina, OH?
Celina, OH home values average about $248K. That price point suits investors targeting rentals with $936/mo in monthly income.
Is Celina, OH a smart market for rental property?
Investors tracking Celina, OH will find a 3.0/5 rating supported by $248K median home values and $936/mo rents. That profile suits long-term holders targeting reliable returns.
How deep is the rental pool in Celina, OH?
Tenant quality in Celina, OH ranks as solid. Landlords generally report even-keeled occupancy at market rents of $936/mo.
What type of investing works in Celina, OH?
Celina, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($248K prices, $936/mo rents) make it a reasonable choice.
Is Celina, OH good for landlords?
The landlord environment in Celina, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 45822 now. You don’t know where it ranks.
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How 45822 ranks in Celina, OH
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