The story of this market
The typical home in ZIP 45620 sells for about $124,900, or $85 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $781 a month.
ZIP 45620 — Cheshire
The housing market in 45620 is characterized by low inventory and limited sales activity, typical of a small, rural village. Prices have remained relatively stable with minor year-over-year fluctuations, reflecting a lack of significant development pressure. Market conditions are currently balanced due to the low volume of both listings and buyers.
This ZIP is best suited for those seeking a quiet, rural lifestyle or affordable housing in a small-town setting, rather than commuters or investors.
Median prices moved down 2.1% year over year.
Homes spend a median of 112 days on market with 7.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 7.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 45620, Meigs County OH
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The village is served by the Meigs Local School District, which maintains a rural educational environment.
The area is located along the Ohio River, presenting localized flood risks; insurance premiums are influenced by regional flood-plain mapping.
Economic momentum is limited due to the small, rural nature of the village; the area is primarily residential with minimal commercial development.
Property taxes are assessed by Meigs County based on state-mandated valuation cycles; the village operates under standard Ohio municipal tax structures.
Commutes are primarily car-dependent, with residents traveling to nearby regional hubs like Gallipolis or Pomeroy for employment.
Recreation is centered on outdoor activities along the Ohio River, with limited local park facilities and shopping options within the immediate village.
The rental market is very thin with low turnover and limited institutional investor presence.
The local economy is primarily agricultural and service-based, with most employment located outside the village in larger Meigs County centers.
Public transit is not available; the area relies entirely on private vehicle transportation via state routes.
There are no major commercial or residential developments currently approved or under construction in the village.
The Meigs County Auditor manages property assessments, utilizing a triennial update cycle for tax valuation.
Parcels are subject to Meigs Local School District taxes and standard county-level levies.
Property insurance costs are moderate but sensitive to flood-zone designations near the river.
Ohio is a judicial foreclosure state, requiring court action to complete the foreclosure process.
Ohio law requires sellers to provide a Residential Property Disclosure Form covering the condition of the home's major systems.
Data retrieved from census.gov ZCTA profile tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides regional recreational access for fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.