Real Estate Investing in Convoy, Ohio (45832)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45832 (Convoy, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Convoy, OH (45832)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45832 Convoy
ZIP 45832 inside Van Wert County looks affordable on the surface — median value of $201K — but the discount exists for reasons that a careful buyer should understand before committing.
Put differently, the numbers look inviting — $201K purchase price, 0.0% nominal cap — the work to hit that pro forma in 45832 is substantial and deserves full respect.
Regionally, 45832 sits on the difficult end of the OH spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 45832 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 45832 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 Convoy:
Property Strategy for 45832
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $145,100 | $970 | 4.8% | +8.6% | $72,550 |
| 3BR | $206,477 | $1,220 | 4.3% | +9.1% | $68,826 |
| 4BR | $232,968 | $1,320 | 4.1% | +8.3% | $58,242 |
Market Trends
Home Value History (with trend line)
📊 How Does 45832 Compare?
| Metric | 45832 | Convoy | Van Wert, OH | Ohio |
|---|---|---|---|---|
| Home Value | $201,395 | $201,395 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 45832 (Convoy, OH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 45832 (Convoy, OH)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $201,395 |
| Monthly Rent | $873 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.4%). 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 45832
Population: 3,098
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 45832
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 quickly do rentals get leased in Convoy, OH?
Vacancy risk in Convoy, OH is elevated. That supports measured cash flow for typical rental holds.
How much rent can I charge in Convoy, OH?
Rents in Convoy, OH run near $873/mo. Compared with median home prices of $201K that produces solid gross yields for typical rentals.
What is the typical home price in Convoy, OH?
In Convoy, OH the median home value sits at $201K. Against the broader OH market, that reads as reasonable for most investors.
Are landlord laws favorable in Convoy, OH?
Convoy, OH operates under OH law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
What type of investing works in Convoy, OH?
A careful cash-flow rentals with hands-on management strategy Convoy, OH best. The market produces predictable results for that approach at the $201K price point.
You know 45832 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45832 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 45832 ranks in Van Wert, OH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 45832 (Convoy)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 45832 (Convoy, OH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.