Real Estate Investing in Saint Henry, Ohio (45883)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45883 (Saint Henry, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 37.1 — 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 Saint Henry, OH (45883)?
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Market Analysis: 45883 Saint Henry
This part of Mercer County is not an easy win. The 45883 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $388K asset, 45883 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 45883 and stronger Saint Henry ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A solid renter share of 8% in 45883 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 45883 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 Saint Henry:
Property Strategy for 45883
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $315,957 | $970 | 2.2% | +7.9% | $157,979 |
| 3BR | $380,005 | $1,270 | 2.4% | +7.5% | $126,668 |
| 4BR | $387,684 | $1,290 | 2.4% | +7.3% | $96,921 |
Market Trends
Home Value History (with trend line)
📊 How Does 45883 Compare?
| Metric | 45883 | Saint Henry | Celina, OH | Ohio |
|---|---|---|---|---|
| Home Value | $388,386 | $388,386 | N/A | $237,530 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45883 (Saint Henry, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $388,386 |
| Monthly Rent | $873 |
| Price-to-Rent | 37.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (1.8%). 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 45883
Population: 4,099
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 45883
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
What is the typical rental rate in Saint Henry, OH?
Investors in Saint Henry, OH typically see rents near $873/mo per month against $388K home values - a solid setup for rental cash flow.
Is Saint Henry, OH a good market for FHA house hackers?
Saint Henry, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $388K price point reasonable to enter.
What are vacancy rates like in Saint Henry, OH?
Saint Henry, OH sees elevated vacancy, which is reasonable relative to the broader OH rental market.
What are home prices like in Saint Henry, OH?
Median home price in Saint Henry, OH is near $388K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
How do experienced investors play Saint Henry, OH?
The best-fit strategy in Saint Henry, OH is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 45883 now. You don’t know where it ranks.
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How 45883 ranks in Celina, OH
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