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Market MapOhioWashington

Washington County

OhioPopulation: 59,639
76
/100
Buy for appreciation
#29 of 1,000 counties
#5 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

$184,231
Median Home Price
21% below national median
$1,280/mo
Median Rent
15% below national median
8.34%
Rent-to-Price Ratio
Top 7% nationally
-$133
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Scenario comparison

Same $1,280/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
$138,174+$108/mo7.2%+4.1%
Median
typical MLS deal
$184,231-$133/mo5.4%-3.8%
125% of median
newer / premium
$230,289-$375/mo4.3%-8.5%

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$184,231
Down Payment (20%)$36,846
Loan Amount$147,385
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,280
Monthly P&I-$966
Est. Expenses (35%)-$448
Net Cash Flow-$133/mo
5.4%
Cap Rate (all cash)
-3.8%
Cash-on-Cash Return
8.34%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 5.4% 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
76/100
76
Cash Flow(30%)
83/100

Based on 8.34% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
89/100

Based on 5.9% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
83/100

Price-to-income ratio of 3.1x. 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 (8.34%)
  • +Strong price appreciation (+5.9% YoY)
  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Negative leverage (cap rate 5.4% < mortgage rate 6.9%)

Economic Indicators

Population
59,639
Median Income
$59,053
vs $57,059 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.1x
Moderately affordable

Who this market fits

Best for
  • +Appreciation buyers: YoY growth is meaningfully above the long-run average
  • +Patient holders willing to accept negative carry for equity gains
  • +All-cash buyers: removing debt service flips the cap rate to actual yield
  • +Value-add operators who can buy below median and force rent up
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
TrumbullOH
77$160,493$1,0697.99%Strong BuyView
CurrentWashingtonOH
76$184,231$1,2808.34%Strong Buy
Van WertOH
76$182,732Est. pending—Strong BuyView
SciotoOH
76$135,788Est. pending—Strong BuyView
LucasOH
75$169,370$1,1057.83%Strong BuyView
MarionOH
75$174,391$1,1988.24%Strong BuyView

The Bottom Line

Buy for appreciationWashington scores strongly overall, but a leveraged buy-and-hold loses $133/mo at current rates. Best fit for appreciation-focused buyers, all-cash operators, or value-add deals below median.

Washington County in Ohio scores 76/100, ranking #29 of 1,000 US counties (top 4%). At 20% down and current rates, a median-priced rental loses about $133/month; the 8.34% 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
$-133/mo
Cap Rate
5.4%
Cash-on-Cash
-3.8%

Related markets

Markets like Washington with stronger cash flow

  • Marion County for cash-flow rentals
  • Trumbull County for cash-flow rentals
  • Lucas County for cash-flow rentals

Cheaper alternatives to Washington

  • Scioto County, lower entry price
  • Trumbull County, lower entry price
  • Lucas County, lower entry price

Head-to-head comparisons

  • Washington vs Van Wert for rentals
  • Washington vs Scioto for rentals
  • Washington vs Lucas for rentals
All counties in Ohio →

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