Introduction

Investing in rental properties can be a lucrative venture, but success often hinges on selecting the right property in the right location. A good rental property should offer strong rental demand, reasonable purchase prices, and potential for appreciation. Additionally, factors such as neighborhood amenities, safety, and proximity to work and leisure opportunities play a significant role. In Montgomery County, OH, several neighborhoods and areas stand out as promising locations for rental property investment. This guide provides an overview of the best neighborhoods, grading them on key factors to help investors make informed decisions.

Best Neighborhoods and Areas in Montgomery County, OH

1. Oakwood

Grades:

• Convenience: A+
• Tourist Attractions: B+
• Things to Do: A-
• Avg Home Prices: C+
• Return on Investment: B+
• Proximity to Work-Related Travel: A
• X-Factor: A

Oakwood is a charming suburban community known for its high quality of life and excellent schools.

Convenience: Oakwood offers easy access to downtown Dayton and major highways, making it a convenient location for both work and leisure. Public transportation is readily available, and the area is pedestrian-friendly with numerous parks and recreational facilities.

Tourist Attractions: While Oakwood is more residential, it is close to several Dayton attractions such as the Carillon Historical Park and the Dayton Art Institute.

Things to Do: Residents enjoy a variety of local shops, restaurants, and community events. The parks and green spaces provide ample opportunities for outdoor activities.

Avg Home Prices: The average home price in Oakwood is higher than in other areas of Montgomery County, reflecting its desirability. However, the higher purchase price is often offset by strong rental demand and rates.

Return on Investment: Oakwood’s stable housing market and high demand for rentals offer a solid return on investment, particularly for long-term rentals.

Proximity to Work-Related Travel: Oakwood is strategically located near major employers, hospitals, and universities, making it an attractive area for professionals and families.

X-Factor: Oakwood's unique appeal lies in its combination of historic charm, top-rated schools, and vibrant community spirit.

2. Centerville

Grades:

• Convenience: A
• Tourist Attractions: B
• Things to Do: A-
• Avg Home Prices: B
• Return on Investment: A-
• Proximity to Work-Related Travel: A-
• X-Factor: B+

Centerville is known for its family-friendly atmosphere and strong community focus.

Convenience: Centerville offers excellent transportation links and convenient access to Dayton and surrounding areas. The community is well-served by public transportation and has a range of amenities nearby.

Tourist Attractions: Centerville itself doesn't have major tourist attractions, but it's close to various attractions in the Dayton area, such as the Wright-Patterson Air Force Museum.

Things to Do: The area boasts a variety of parks, recreational facilities, and a vibrant town center with shops and restaurants. Community events are frequent, fostering a close-knit community feel.

Avg Home Prices: Home prices in Centerville are moderate, offering a good balance between affordability and potential for appreciation.

Return on Investment: With a steady demand for rental properties and reasonable home prices, Centerville offers a favorable return on investment, particularly for family-oriented rentals.

Proximity to Work-Related Travel: Centerville's location is ideal for those working in Dayton and nearby cities, with several major employers and hospitals within easy reach.

X-Factor: The strong sense of community and excellent school system make Centerville particularly appealing for families looking to rent.

3. Kettering

Grades:

• Convenience: A-
• Tourist Attractions: B
• Things to Do: B+
• Avg Home Prices: B+
• Return on Investment: A
• Proximity to Work-Related Travel: B+
• X-Factor: B

Kettering is a diverse and bustling suburb offering a mix of residential and commercial areas.

Convenience: Kettering is well-connected by major roads and public transportation, providing easy access to downtown Dayton and surrounding areas.

Tourist Attractions: The Fraze Pavilion, a popular outdoor entertainment venue, is located in Kettering. Additionally, the suburb is close to several Dayton attractions.

Things to Do: Kettering offers a variety of shopping centers, restaurants, and parks. The Rosewood Arts Centre is a hub for cultural activities and classes.

Avg Home Prices: Home prices in Kettering are relatively affordable, making it a good entry point for investors.

Return on Investment: Kettering's affordability and strong rental demand result in a good return on investment. The area is popular with both families and young professionals.

Proximity to Work-Related Travel: The suburb's proximity to major employers and institutions in Dayton makes it a convenient location for commuters.

X-Factor: Kettering's appeal lies in its diverse amenities and strong community resources, including excellent recreational facilities and community programs.

4. Beavercreek

Grades:

• Convenience: B+
• Tourist Attractions: B-
• Things to Do: B+
• Avg Home Prices: B
• Return on Investment: B+
• Proximity to Work-Related Travel: A
• X-Factor: B

Beavercreek is a growing suburban area known for its shopping and dining options.

Convenience: Beavercreek is conveniently located near major highways and is well-served by public transportation, providing easy access to Dayton and beyond.

Tourist Attractions: The area is home to the Mall at Fairfield Commons and is close to the National Museum of the U.S. Air Force.

Things to Do: Beavercreek offers numerous parks, shopping centers, and restaurants, providing a variety of activities for residents.

Avg Home Prices: Home prices in Beavercreek are moderate, offering good value for investment.

Return on Investment: The growing population and strong demand for rental properties in Beavercreek result in a favorable return on investment.

Proximity to Work-Related Travel: The suburb's proximity to Wright-Patterson Air Force Base and other major employers makes it an attractive location for professionals.

X-Factor: Beavercreek's unique appeal lies in its blend of suburban comfort with ample shopping and dining options, making it a desirable place to live and invest.

Conclusion

Montgomery County, OH, offers a variety of neighborhoods with strong investment potential for rental properties. Each area has its unique strengths, from the historic charm of Oakwood to the family-friendly atmosphere of Centerville and the diverse amenities of Kettering. By carefully considering factors such as convenience, attractions, average home prices, return on investment, and proximity to work-related travel, investors can make informed decisions to maximize their rental property investment in Montgomery County.