Is Novelty, OH a good place to invest in rental property?

Novelty, OH has a median modeled monthly cash flow of $-1,693 and a median cap rate of 2.5%, on a median sold price of $477,500. Prices changed +4.4% year over year.

What is the average cap rate in Novelty, OH?

The median cap rate across recently sold homes in Novelty, OH is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Novelty, OH?

The median sold price in Novelty, OH is $477,500 (about $204 per square foot).

Investing in Novelty, OH Real Estate

A data-driven snapshot of the Novelty, OH rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$477,500Median sold price

$204Median $/sqft

2.5%Median cap rate

$-1,693Modeled cash flow / mo

+4.4%Appreciation YoY

3.5Months of supply

20Active listings

68Sold (last 12 mo)

What the Novelty numbers say

In Novelty, OH, the median home sold for $477,500 (about $204 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-1,693 of monthly cash flow. Sold prices moved +4.4% over the past year. Inventory sits at about 3.5 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Ohio markets to compare

See Novelty cash-flowing listings

CashFlowRE ranks every for-sale home in Novelty, OH by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Novelty deals, or browse the national market data.