RV Park Cap Rates in Ohio
Real capitalization rate data from 38 parks across Ohio. Understand what the market is actually returning before you write a check.
What This Means for Investors
Ohio is running hot. An average cap rate of 17.2% is well above the national norm, which signals either underpriced assets, rural markets with strong cash flow, or operators who haven't professionalized revenue. For buyers, that spread is opportunity — find the bottom-quartile operators and you're buying cash flow, not just real estate.
The wide range (4.8%–24.3%) tells the other side of the story: there are parks in this state priced like trophy assets and parks priced like distressed debt. Know which bucket you're bidding on. The highest cap rates typically reflect either management upside or location risk — underwrite both.
With data spread across 31 cities, Ohio offers enough geographic diversity to be selective. The city breakdown below shows where the cap rate compression is worst and where pockets of yield still exist.
At an average estimated value of $3,337,739, most Ohio parks are in reach for individual investors or small syndicates — this isn't a market dominated exclusively by institutional buyers.
Cap Rates by City — Ohio
| City | Avg Cap Rate | Parks | Avg Valuation |
|---|---|---|---|
| Zanesville | 22.8% | 2 | $1,502,498 |
| Marietta | 22.6% | 2 | $878,036 |
| Lancaster | 20.2% | 2 | $855,476 |
| Sandusky | 20.2% | 2 | $10,313,005 |
| Loudonville | 15.0% | 2 | $3,887,988 |
| Cincinnati | 13.5% | 2 | $1,749,132 |
| Senecaville | 5.0% | 2 | $9,020,709 |
| Newport | 24.3% | 1 | $837,416 |
| South Charleston | 23.5% | 1 | $4,692,686 |
| Millersburg | 21.8% | 1 | $2,300,410 |
| Westerville | 21.8% | 1 | $2,670,118 |
| Jackson | 19.3% | 1 | $1,529,815 |
| Knox County | 18.6% | 1 | $4,340,399 |
| Granville | 18.0% | 1 | $5,238,285 |
| Dundee | 17.9% | 1 | $2,310,882 |
| Streetsboro | 17.9% | 1 | $2,656,188 |
| Huntsburg | 17.4% | 1 | $2,302,218 |
| Delaware | 17.2% | 1 | $5,011,250 |
| Felicity | 16.9% | 1 | $2,910,026 |
| New Richmond | 16.8% | 1 | $1,940,902 |
| Homerville | 16.7% | 1 | $4,745,659 |
| North Bend | 16.4% | 1 | $1,554,341 |
| Somerset Center | 16.4% | 1 | $3,532,142 |
| Elida | 16.1% | 1 | $2,983,288 |
| Oak Harbor | 15.5% | 1 | $8,553,460 |
| Williamstown | 15.5% | 1 | $2,535,175 |
| Bellevue | 14.7% | 1 | $2,084,050 |
| Marblehead | 14.5% | 1 | $924,272 |
| Gassaway | 14.3% | 1 | $809,530 |
| Aberdeen | 12.6% | 1 | $3,626,075 |
| Richland County | 9.0% | 1 | $331,848 |
Top 10 Highest Cap Rate Parks
Highest estimated returns — investigate occupancy, management quality, and NOI sustainability before buying on cap rate alone.
| Park Name | City | Cap Rate | Sites | Est. Value |
|---|---|---|---|---|
| Harris RV Park | Newport | 24.3% | 36 | $837,415 |
| Marietta RV Park | Marietta | 24.3% | 24 | $558,276 |
| Lake View RV Park | Lancaster | 23.5% | 70 | $1,564,228 |
| Wolfie's Family Campground and RV Resort | Zanesville | 23.5% | 58 | $1,296,074 |
| Tomorrow's Stars RV Resort | South Charleston | 23.5% | 210 | $4,692,685 |
| Lighthouse Point | Sandusky | 22.2% | 283 | $11,863,147 |
| National Road Campground | Zanesville | 22.1% | 82 | $1,708,921 |
| Scenic Hills RV Park | Millersburg | 21.8% | 112 | $2,300,410 |
| Tree Haven Camp Grounds Inc | Westerville | 21.8% | 130 | $2,670,118 |
| Ashland RV Park | Marietta | 20.8% | 61 | $1,197,796 |
10 Lowest Cap Rate Parks
Lower cap rates reflect higher prices relative to income — often found in premium markets, coastal areas, or parks with strong amenities and stable occupancy.
| Park Name | City | Cap Rate | Sites | Est. Value |
|---|---|---|---|---|
| Seneca Lake Parkside Campground | Senecaville | 4.8% | 400 | $9,704,512 |
| Seneca Lake Parkside Central Campground | Senecaville | 5.3% | 321 | $8,336,905 |
| Malabar Farm Camping | Richland County | 9.0% | 15 | $331,848 |
| Hidden Valley RV Park and Storage | Cincinnati | 9.8% | 27 | $416,346 |
| Lively Lady | Aberdeen | 12.6% | 200 | $3,626,075 |
| Mohican Reservation Campgrounds & Canoeing | Loudonville | 13.8% | 100 | $1,963,600 |
| Elk River Camp and RV | Gassaway | 14.3% | 40 | $809,530 |
| Surf Campground and Resort | Marblehead | 14.5% | 45 | $924,271 |
| Gotta Getaway RV Park | Bellevue | 14.7% | 100 | $2,084,050 |
| Wild Wings Campground & Marina | Oak Harbor | 15.5% | 388 | $8,553,460 |
Get Full Owner Contact Data for Ohio
Cap rates tell you where to look. Owner contact data gets you in the door. Access phone numbers, emails, and deal pipeline tools for every park in Ohio.
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