Real Estate Investing in Fort Jennings, Ohio (45844)
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Should you buy in 45844 (Fort Jennings, 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 price-to-rent: Price-to-rent ratio 28.9 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fort Jennings, OH (45844)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45844 Fort Jennings
The 45844 ZIP covers a section of Fort Jennings that demands careful diligence. Prices near $303K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $303K asset, 45844 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Fort Jennings have seen price recovery that 45844 has not matched. Putnam County data supports the view that the spread is structural rather than temporary.
From an investor standpoint, 2,905 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.
Strategically, 45844 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 Fort Jennings:
Property Strategy for 45844
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $221,313 | $970 | 3.2% | +8.3% | $110,657 |
| 3BR | $294,870 | $1,170 | 2.9% | +9.2% | $98,290 |
| 4BR | $305,626 | $1,290 | 3.0% | +8.2% | $76,407 |
Market Trends
Home Value History (with trend line)
📊 How Does 45844 Compare?
| Metric | 45844 | Fort Jennings | Ohio |
|---|---|---|---|
| Home Value | $302,736 | $302,736 | $237,530 |
| 5-Year CAGR | 7.4% | 7.4% | 7.4% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 45844 (Fort Jennings, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $302,736 |
| Monthly Rent | $873 |
| Price-to-Rent | 28.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +11.7% ▲ |
| 3-Year CAGR | +8.6% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.3%). 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 45844
Population: 2,905
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 45844
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
Ottoville High School
Ottoville Elementary School
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
Should investors consider Fort Jennings, OH?
The 3.0/5 investability rating in Fort Jennings, OH reflects its $303K prices and $873/mo rents. Investors generally consider it a solid option within OH.
How much rent can I charge in Fort Jennings, OH?
Rents in Fort Jennings, OH run near $873/mo. Compared with median home prices of $303K that produces solid gross yields for typical rentals.
Are there empty rentals in Fort Jennings, OH?
Vacancy in Fort Jennings, OH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
How should investors approach Fort Jennings, OH?
In Fort Jennings, OH the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $303K prices and $873/mo rents suits that approach.
How strong is the working-renter base in Fort Jennings, OH?
Tenant demand in Fort Jennings, OH is solid. The local workforce $873/mo rents across most rental classes.
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