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Market MapOhioAthens

Athens County

OhioPopulation: 61,276
69
/100
Hold
#129 of 1,000 counties
#34 in Ohio (88 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated May 11, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$180,405
Median Home Price
23% below national median
$1,031/mo
Median Rent
32% below national median
6.86%
Rent-to-Price Ratio
Top 26% nationally
-$276
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Scenario comparison

Same $1,031/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$135,303-$39/mo5.9%-1.5%
Median
typical MLS deal
$180,405-$276/mo4.5%-8.0%
125% of median
newer / premium
$225,506-$512/mo3.6%-11.8%

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$180,405
Down Payment (20%)$36,081
Loan Amount$144,324
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,031
Monthly P&I-$946
Est. Expenses (35%)-$361
Net Cash Flow-$276/mo
4.5%
Cap Rate (all cash)
-8.0%
Cash-on-Cash Return
6.86%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 4.5% 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
69/100
69
Cash Flow(30%)
69/100

Based on 6.86% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
83/100

Based on 4.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
74/100

Price-to-income ratio of 3.7x. 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

  • +Above-average rent-to-price ratio (6.86%)
  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Negative cash flow at typical financing (-$276/mo)
  • -Negative leverage (cap rate 4.5% < mortgage rate 6.9%)

Economic Indicators

Population
61,276
Median Income
$48,750
vs $57,059 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.7x
Moderately affordable

Who this market fits

Best for
  • +All-cash buyers: removing debt service flips the cap rate to actual yield
Skip if
  • −You need positive cash flow on day one at typical leverage
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)

Compare to Nearby Counties

CountyVerdict
ErieOH
70$228,638$1,4057.38%BuyView
SummitOH
70$217,839$1,2346.80%BuyView
CurrentAthensOH
69$180,405$1,0316.86%Buy
RichlandOH
69$187,141$9356.00%BuyView
RossOH
69$195,972Est. pending—BuyView
HancockOH
68$229,447$1,3106.85%BuyView

The Bottom Line

HoldAthens scores well overall, but a typical leveraged buy-and-hold loses $276/mo at current rates. Consider house hacking, value-add, or all-cash; otherwise a worse score with positive cash flow may be the better deal.

Athens County in Ohio scores 69/100, ranking #129 of 1,000 US counties (top 17%). At 20% down and current rates, a median-priced rental loses about $276/month; the 6.86% gross rent-to-price ratio doesn't survive debt service. The thesis here is appreciation, value-add, house hacking, or all-cash.

Monthly Cash Flow
$-276/mo
Cap Rate
4.5%
Cash-on-Cash
-8.0%

Related markets

Markets like Athens with stronger cash flow

  • Erie County for cash-flow rentals
  • Hancock County for cash-flow rentals
  • Summit County for cash-flow rentals

Head-to-head comparisons

  • Athens vs Richland for rentals
  • Athens vs Ross for rentals
  • Athens vs Erie for rentals
All counties in Ohio →

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