Real Estate Investing in Wapakoneta, Ohio (45895)
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Should you buy in 45895 (Wapakoneta, 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.
What’s happening in Wapakoneta, OH (45895)?
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Market Analysis: 45895 Wapakoneta
The 45895 ZIP covers a section of Wapakoneta that demands careful diligence. Prices near $244K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 45895 can be a a strong candidate for hunting ground — but the discount at $244K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 45895 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 45895 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 45895 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 Wapakoneta:
Property Strategy for 45895
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $170,163 | $1,030 | 4.4% | +7.6% | $85,081 |
| 3BR | $246,499 | $1,430 | 4.2% | +7.7% | $82,166 |
| 4BR | $304,120 | $1,720 | 4.1% | +7.7% | $76,030 |
| 5BR | $345,408 | — | — | +8.1% | $69,082 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 45895 Compare?
| Metric | 45895 | Wapakoneta | Wapakoneta, OH | Ohio |
|---|---|---|---|---|
| Home Value | $243,946 | $243,946 | N/A | $237,530 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.4% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 45895 (Wapakoneta, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $243,946 |
| Monthly Rent | $900 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 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 (2.9%). 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 45895
Population: 17,983
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 45895
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
What is the median home value in Wapakoneta, OH?
The median home value in Wapakoneta, OH is roughly $244K. That puts it reasonable relative to the OH statewide average.
What monthly rent should investors expect in Wapakoneta, OH?
Rent in Wapakoneta, OH is around $900/mo. The resulting rent-to-value relationship with $244K pricing is reasonable for most investor models.
How strict are landlord regulations in Wapakoneta, OH?
OH ranks as a landlord-friendly state for landlord-tenant law. Wapakoneta generally follows the statewide framework, so landlords face reasonable operating rules.
How does Wapakoneta, OH rate as a rental market?
Wapakoneta, OH shows an investability rating of 3.0/5, with median home values near $244K and average rents around $900/mo. That combination puts it in the impressive tier for investor interest.
What kind of tenants rent in Wapakoneta, OH?
The tenant pool in Wapakoneta, OH is solid, supported by local employment and population fundamentals. Rents of $900/mo are well-absorbed by the market.
You know 45895 now. You don’t know where it ranks.
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How 45895 ranks in Wapakoneta, OH
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