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MarketsOhioZanesville

Cap Rate Analysis: Zanesville, OH

Investment metrics, interactive calculators, and data-driven analysis for Zanesville rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $200,000 median price and $1,010/mo median rent
Est. Cap Rate
3.27%
1% Rule
0.51%
Fails
GRM
16.5x
Price / Income
4.2x

Market Data

Median Home Price$200,000
Median Monthly Rent$1,010
Property Tax Rate1.58%
Population50,000
Population Growth0.2% / yr
Median Household Income$47,711
Vacancy Rate6.7%
Annual Appreciation2.2%

Cap Rate Calculator — Zanesville

Pre-filled with Zanesville medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
1.58% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.58%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$5,164
net operating income
Gross Rent Multiplier
16.5x
High (>15)
1% Rule
0.51%
✗ Fails
Monthly Cash Flow
$430
before debt service
Annual Breakdown
Gross Rental Income$12,120
Less Vacancy−$812
Effective Income$11,308
Less Operating Expenses−$6,144
Net Operating Income$5,164
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Cash-on-Cash Return — Zanesville

Factor in financing to see your actual return on invested capital in Zanesville.

$
$50,000
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-8.40%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$56,000
$50,000 down + $6,000 closing
Monthly Mortgage
$978
on $150K loan
Monthly Cash Flow
$-392
after all expenses
Annual Cash Flow
$-4,703
before taxes
Cash Flow Breakdown
Monthly Rent$1,010
Less Expenses−$424
Less Mortgage−$978
Monthly Cash Flow$-392

Is Zanesville a Good Place to Invest in Rental Property?

Zanesville, OH has a population of 50,000 and has been growing at 0.2% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $200,000 paired with median rents of $1,010/mo produces an estimated cap rate of 3.27%.

Property taxes at 1.58% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 6.7% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 4.2x, homes cost about 4.2 times the local median income of $47,711. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.2% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, Zanesville is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

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