Real Estate Investing in Grover Hill, Ohio (45849)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45849 (Grover Hill, 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.
- High vacancy: 16.1% 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 Grover Hill, OH (45849)?
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Market Analysis: 45849 Grover Hill
Investors eyeing 45849 need to respect the fundamentals at play. Home values of $158K come alongside slower price movement and elevated management overhead.
Rent of $909/mo on a $158K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 45849 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 45849 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A notable renter share of 23% in 45849 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 45849 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 Grover Hill:
Property Strategy for 45849
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $155,870 | $1,310 | 6.1% | +5.3% | $51,957 |
| 4BR | $193,473 | $1,470 | 5.5% | +6.7% | $48,368 |
Market Trends
Home Value History (with trend line)
📊 How Does 45849 Compare?
| Metric | 45849 | Grover Hill | Van Wert, OH | Ohio |
|---|---|---|---|---|
| Home Value | $158,070 | $158,070 | N/A | $237,530 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.4% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45849 (Grover Hill, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $158,070 |
| Monthly Rent | $909 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 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 (4.5%). 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 45849
Population: 1,136
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 45849
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
Is Grover Hill, OH landlord-friendly?
OH ranks as a landlord-friendly state for landlord-tenant law. Grover Hill generally follows the statewide framework, so landlords face reasonable operating rules.
Is Grover Hill, OH a smart market for rental property?
With a 3.0/5 investability score, Grover Hill, OH ranks as a solid market for rental property investors. Median prices of $158K and rents of $909/mo drive the underlying numbers.
What is the average home sale price in Grover Hill, OH?
Expect median prices around $158K in Grover Hill, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
Does house hacking make sense in Grover Hill, OH?
House hacking in Grover Hill, OH is reasonable to execute. Prices around $158K and rents of $909/mo solid owner-occupant economics.
Is the tenant base reliable in Grover Hill, OH?
Tenant demand in Grover Hill, OH is solid. The local workforce $909/mo rents across most rental classes.
You know 45849 now. You don’t know where it ranks.
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How 45849 ranks in Van Wert, OH
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