Real Estate Investing in Findlay, Ohio (45840)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45840 (Findlay, 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.
What’s happening in Findlay, OH (45840)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45840 Findlay
ZIP 45840 in Findlay, OH carries a substantial set of headwinds. Home values near $248K and rents of $1,345/mo sit inside a market where underwriting has to be tight.
The 45840 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 45840 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Meanwhile, 54,342 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 45840 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 Findlay:
Property Strategy for 45840
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $123,129 | $880 | 5.1% | +4.9% | $123,129 |
| 2BR | $163,239 | $1,150 | 5.1% | +6.4% | $81,619 |
| 3BR | $233,077 | $1,510 | 4.7% | +6.6% | $77,692 |
| 4BR | $332,312 | $1,730 | 3.7% | +6.5% | $83,078 |
| 5BR | $412,632 | — | — | +6.0% | $82,526 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45840 Compare?
| Metric | 45840 | Findlay | Findlay, OH | Ohio |
|---|---|---|---|---|
| Home Value | $247,731 | $247,731 | N/A | $237,530 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.4% |
| Avg Rent | $1,345 | $1,345 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
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 45840 (Findlay, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $247,731 |
| Monthly Rent | $1,345 |
| Price-to-Rent | 15.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | -5.1% ▼ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 45840
Population: 54,342
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 45840
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 should I expect to pay for a home in Findlay, OH?
Expect median prices around $248K in Findlay, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
What is the typical renter like in Findlay, OH?
Findlay, OH offers a measured renter base at the $1,345/mo rent level. Tenant turnover is reasonable for well-managed properties.
What type of investing works in Findlay, OH?
A careful cash-flow rentals with hands-on management strategy Findlay, OH best. The market produces measured results for that approach at the $248K price point.
Is Findlay, OH a good market for FHA house hackers?
Findlay, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $248K price point reasonable to enter.
Should investors worry about vacancy in Findlay, OH?
Findlay, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
You know 45840 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45840 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 45840 ranks in Findlay, OH
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