Real Estate Investing in Harrod, Ohio (45850)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45850 (Harrod, 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 Harrod, OH (45850)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45850 Harrod
ZIP 45850 inside Allen County looks affordable on the surface — median value of $248K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 45850 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 45850 sits on the difficult end of the OH spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 45850 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 45850 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 Harrod:
Property Strategy for 45850
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $181,213 | $1,100 | 4.4% | +7.6% | $90,606 |
| 3BR | $251,855 | $1,340 | 3.8% | +7.8% | $83,952 |
| 4BR | $272,373 | $1,490 | 3.9% | +7.4% | $68,093 |
Market Trends
Home Value History (with trend line)
📊 How Does 45850 Compare?
| Metric | 45850 | Harrod | Lima, OH | Ohio |
|---|---|---|---|---|
| Home Value | $247,500 | $247,500 | N/A | $237,530 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 7.4% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 45850 (Harrod, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $247,500 |
| Monthly Rent | $990 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 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 (3.1%). 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 45850
Population: 3,763
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 45850
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
Investor Insight: With 1,790 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is OH a landlord-friendly state?
The landlord environment in Harrod, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Can I house hack in Harrod, OH?
Harrod, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $248K price point reasonable to enter.
How much does a house cost in Harrod, OH?
In Harrod, OH the median home value sits at $248K. Against the broader OH market, that reads as reasonable for most investors.
How does Harrod, OH stack up for property investment?
Harrod, OH comes in at an investability rating of 3.0/5, with median home values near $248K and average rents around $990/mo. That combination puts it in the substantial tier for investor interest.
Are renters plentiful in Harrod, OH?
Harrod, OH draws a stable base of working renters. Demand at the $990/mo rent level is reasonable for standard single-family and small multi rentals.
You know 45850 now. You don’t know where it ranks.
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How 45850 ranks in Lima, OH
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