Real Estate Investing in Willshire, Ohio (45898)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45898 (Willshire, 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 vacancy: 16.1% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Willshire, OH (45898)?
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Market Analysis: 45898 Willshire
Meanwhile, ZIP 45898 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $186K median. It rewards specialists, not generalists.
The investment case in 45898 is healthy only for operators who understand what they are buying. A $186K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Willshire have seen price recovery that 45898 has not matched. Van Wert County data supports the view that the spread is structural rather than temporary.
Demographically, 45898 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 45898 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 Willshire:
Property Strategy for 45898
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $140,637 | $1,080 | 5.5% | +10.8% | $70,318 |
| 3BR | $180,748 | $1,370 | 5.5% | +8.6% | $60,249 |
Market Trends
Home Value History (with trend line)
📊 How Does 45898 Compare?
| Metric | 45898 | Willshire | Van Wert, OH | Ohio |
|---|---|---|---|---|
| Home Value | $186,098 | $186,098 | N/A | $237,530 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 7.4% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
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 45898 (Willshire, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $186,098 |
| Monthly Rent | $972 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +7.9% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (4.1%). 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 45898
Population: 908
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What kind of tenants rent in Willshire, OH?
Tenant quality in Willshire, OH ranks as solid. Landlords generally report consistent occupancy at market rents of $972/mo.
Is Willshire in OH worth investing in?
Investors tracking Willshire, OH will find a 3.0/5 rating supported by $186K median home values and $972/mo rents. That profile suits long-term holders targeting stable returns.
What is the median home value in Willshire, OH?
Typical homes in Willshire, OH go for around $186K. The 5-year CAGR of 0.0% stable price movement.
How strict are landlord regulations in Willshire, OH?
Willshire, OH operates under OH law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
Does a duplex house hack pencil in Willshire, OH?
For house hackers, Willshire, OH is a challenging. The $972/mo rent on a unit helps defray the mortgage on a $186K property.
You know 45898 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 45898 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 45898 ranks in Van Wert, OH
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Community Ratings
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