Real Estate Investing in Van Wert, Ohio (45891)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45891 (Van Wert, 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 Van Wert, OH (45891)?
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Market Analysis: 45891 Van Wert
ZIP 45891 in Van Wert, OH carries a impressive set of headwinds. Home values near $187K and rents of $873/mo sit inside a market where underwriting has to be tight.
Rent of $873/mo on a $187K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 45891 sits below the stated 0.0% once reality is priced in.
In the broader OH picture, 45891 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Looking more closely, 15,522 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.
Distressed ZIPs reward experience. solid returns are possible in 45891, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Van Wert:
Property Strategy for 45891
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $105,307 | $760 | 5.2% | +10.7% | $105,307 |
| 2BR | $133,405 | $970 | 5.2% | +10.7% | $66,703 |
| 3BR | $193,548 | $1,220 | 4.5% | +9.4% | $64,516 |
| 4BR | $234,978 | $1,320 | 4.0% | +9.4% | $58,744 |
| 5BR | $278,789 | — | — | +8.1% | $55,758 |
Market Trends
Home Value History (with trend line)
📊 How Does 45891 Compare?
| Metric | 45891 | Van Wert | Van Wert, OH | Ohio |
|---|---|---|---|---|
| Home Value | $186,772 | $186,772 | N/A | $237,530 |
| 5-Year CAGR | 7.6% | 7.6% | N/A | 7.4% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 45891 (Van Wert, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $186,772 |
| Monthly Rent | $873 |
| Price-to-Rent | 17.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.7%). 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 45891
Population: 15,522
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 45891
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
Does Van Wert, OH make sense for an investment property?
Our data puts Van Wert, OH at 3.0/5 for investability. Home prices of $187K and rents around $873/mo create a solid backdrop for investor activity.
What monthly rent should investors expect in Van Wert, OH?
Rent in Van Wert, OH is around $873/mo. The resulting rent-to-value relationship with $187K pricing is reasonable for most investor models.
How do home values compare in Van Wert, OH?
Van Wert, OH home values average about $187K. That price point suits investors targeting rentals with $873/mo in monthly income.
What is the typical vacancy rate in Van Wert, OH?
Van Wert, OH carries elevated vacancy risk. Expect measured absorption at market rents of $873/mo.
How strict are landlord regulations in Van Wert, OH?
OH ranks as a landlord-friendly state for landlord-tenant law. Van Wert generally follows the statewide framework, so landlords face reasonable operating rules.
You know 45891 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45891 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 45891 ranks in Van Wert, OH
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