Real Estate Investing in Columbus Grove, Ohio (45853)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45853 (Columbus Grove, 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 Columbus Grove, OH (45853)?
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Market Analysis: 45853 Columbus Grove
ZIP 45853 in Columbus Grove, OH carries a sturdy set of headwinds. Home values near $296K and rents of $990/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 45853 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Columbus Grove have seen price recovery that 45853 has not matched. Putnam County data supports the view that the spread is structural rather than temporary.
The demographic picture in 45853 includes headwinds that any investor should price in. Income distribution skews lower than Columbus Grove averages, and tenant stability requires active management.
Strategically, 45853 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 Columbus Grove:
Market Trends
Home Value History (with trend line)
📊 How Does 45853 Compare?
| Metric | 45853 | Columbus Grove | Ohio |
|---|---|---|---|
| Home Value | $295,529 | $271,981 | $237,530 |
| 5-Year CAGR | 7.4% | 7.0% | 7.4% |
| Avg Rent | $990 | $999 | - |
| Cap Rate | 2.6% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45853 (Columbus Grove, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $295,529 |
| Monthly Rent | $990 |
| Price-to-Rent | 24.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.6%). 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 45853
Population: 1,685
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 45853
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.
Frequently Asked Questions
What is the typical home price in Columbus Grove, OH?
Homes in Columbus Grove, OH typically sell near $296K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Does house hacking make sense in Columbus Grove, OH?
House hacking works a challenging in Columbus Grove, OH. Rents of $990/mo against $296K acquisition make the strategy solid for owner-occupants.
Is the tenant base reliable in Columbus Grove, OH?
The renter base in Columbus Grove, OH is reasonable for the $990/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Are eviction rules reasonable in Columbus Grove, OH?
Columbus Grove, OH falls under OH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much is rent in Columbus Grove, OH?
Rents in Columbus Grove, OH run near $990/mo. Compared with median home prices of $296K that produces solid gross yields for typical rentals.
You know 45853 now. You don’t know where it ranks.
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