Real Estate Investing in Delphos, Ohio (45833)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45833 (Delphos, 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 Delphos, OH (45833)?
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Market Analysis: 45833 Delphos
The 45833 ZIP covers a section of Delphos that demands careful diligence. Prices near $202K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 45833 can be a a credible choice for hunting ground — but the discount at $202K reflects genuine risk that outside investors often underestimate.
Within OH, ZIP 45833 trails on several market indicators that neighboring Van Wert County submarkets outperform. The gap is real and durable enough to shape underwriting.
Demographically, 45833 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.
Strategically, 45833 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Delphos:
Property Strategy for 45833
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $128,587 | $1,040 | 5.8% | +8.8% | $64,293 |
| 3BR | $205,718 | $1,280 | 4.5% | +8.1% | $68,573 |
| 4BR | $218,989 | $1,410 | 4.6% | +7.6% | $54,747 |
| 5BR | $241,873 | — | — | +6.6% | $48,375 |
Market Trends
Home Value History (with trend line)
📊 How Does 45833 Compare?
| Metric | 45833 | Delphos | Van Wert, OH | Ohio |
|---|---|---|---|---|
| Home Value | $202,072 | $202,072 | N/A | $237,530 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.4% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
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 45833 (Delphos, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,072 |
| Monthly Rent | $936 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (3.6%). 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 45833
Population: 10,822
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 45833
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 should investors approach Delphos, OH?
The best-fit strategy in Delphos, OH is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical renter like in Delphos, OH?
Expect a solid tenant pool in Delphos, OH. The rental market absorbs $936/mo rents without meaningful friction.
What are home prices like in Delphos, OH?
Typical homes in Delphos, OH go for around $202K. The 5-year CAGR of 0.0% reliable price movement.
How viable is house hacking in Delphos, OH?
House hacking works a challenging in Delphos, OH. Rents of $936/mo against $202K acquisition make the strategy solid for owner-occupants.
Is Delphos in OH worth investing in?
With a 3.0/5 investability score, Delphos, OH ranks as a solid market for rental property investors. Median prices of $202K and rents of $936/mo drive the underlying numbers.
You know 45833 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45833 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 45833 ranks in Van Wert, OH
Every ZIP in this metro, ranked. Free.
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