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Market MapOhioWayne

Wayne County

OhioPopulation: 116,680
63
/100
Buy
#378 of 1,000 counties
#69 in Ohio (88 counties)

Market Snapshot

$254,205
Median Home Price
7% below national median
$1,125/mo
Median Rent
25% below national median
5.31%
Rent-to-Price Ratio
Top 68% nationally
-$602
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$254,205
Down Payment (20%)$50,841
Loan Amount$203,364
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,125
Monthly P&I-$1,333
Est. Expenses (35%)-$394
Net Cash Flow-$602/mo
3.5%
Cap Rate (all cash)
-12.4%
Cash-on-Cash Return
5.31%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.5% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
63/100
63
Cash Flow(30%)
50/100

Based on 5.31% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
84/100

Based on 4.2% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
76/100

Price-to-income ratio of 3.6x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Below-average rent-to-price ratio (5.31%)
  • -Negative cash flow at typical financing (-$602/mo)
  • -Negative leverage (cap rate 3.5% < mortgage rate 6.9%)

Economic Indicators

Population
116,680
Median Income
$70,320
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.6x
Moderately affordable

Compare to Nearby Counties

CountyVerdict
ClermontOH
64$316,533$1,5345.82%BuyView
CurrentWayneOH
63$254,205$1,1255.31%Buy
WarrenOH
63$395,975$1,9355.86%BuyView
MuskingumOH
63$202,550$1,0756.37%BuyView
DarkeOH
63$206,283$7754.51%BuyView
MadisonOH
63$304,534$1,8487.28%BuyView

The Bottom Line

BuyWayne offers solid investment potential with good cash flow or appreciation prospects.

Wayne County in Ohio scores 63/100, ranking #378 of 1,000 US counties (top 38%). The 5.31% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-602/mo
Cap Rate
3.5%
Cash-on-Cash
-12.4%

Ready to Analyze a Deal in Wayne?

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