What is the median home value in ZIP 45240 in Hamilton County, OH?

The median home value in ZIP 45240 in Hamilton County, OH is $242,281, according to the latest Census ACS 5-Year Estimates.

What is the rent-to-income ratio in ZIP 45240?

The rent-to-income ratio in ZIP 45240 is 24.7%, based on HUD Fair Market Rent divided by Census median household income. This is within the affordable range (under 30% of household income).

Cincinnati, OH-KY-IN · Ohio

Hamilton County

ZIP 45240

827,878 residents1,484 permits TTM$70,816 median HHI54 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$225,700

ACS 5-Year

Cap rate proxy

7.2%

FMR × 0.65 ÷ Home Value

Rent-to-income

17.0%

HUD FMR ÷ ACS HHI

Net migration

+1.73%

IRS SOI

Permits (TTM)

1,484

Census BPS

Climate risk

96.3

FEMA NRI (0–100)

ZIP 45240

Median home value

$242,281

Gross yield

7.6%

Cap rate

7.2%

Rent gap

4.6%

Affordability

P/I: 3.4R/I: 24.7%

Section 8 detail

SAFMR: $1,530Rent: $1,005Gap: 52.2%

ZIP code breakdown54 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
45216	$155,036	$1,200	9.3%	7.8%	16.3%
45225	$113,360	$1,030	10.9%	10.6%	2.4%
45237	$195,156	$1,160	7.1%	7.1%	0.1%
45232	$168,743	$980	7.0%	7.1%	-2.5%
45204	$122,699	$1,020	10.0%	12.5%	-25.8%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$138,181	$1,150	10.0%	11.5%	-15.0%
$132,452	$1,080	9.8%	10.7%	-9.4%
$211,396	$1,220	6.9%	9.4%	-35.5%
$210,151	$1,460	8.3%	8.7%	-4.8%
$198,311	$1,170	7.1%	8.4%	-18.2%
$219,164	$1,630	8.9%	8.4%	6.3%
$243,856	$1,600	7.9%	8.0%	-2.1%
$203,914	$1,230	7.2%	7.8%	-7.2%
$264,422	$1,580	7.2%	7.5%	-4.5%
$254,638	$1,220	5.7%	7.3%	-26.4%
$242,281	$1,530	7.6%	7.2%	4.6%
$192,283	$1,140	7.1%	7.2%	-1.3%
$277,158	$1,540	6.7%	7.1%	-6.6%
$206,739	$1,130	6.6%	7.0%	-6.8%
$231,806	$1,260	6.5%	6.8%	-5.0%
$217,180	$1,180	6.5%	6.8%	-3.6%
$245,404	$1,120	5.5%	6.5%	-18.0%
$280,501	$1,360	5.8%	6.4%	-10.1%
$215,873	$1,220	6.8%	6.4%	6.3%
$243,936	$1,350	6.6%	6.1%	8.2%
$290,795	$1,210	5.0%	5.9%	-18.1%
$347,658	$1,570	5.4%	5.8%	-7.9%
$220,903	$1,340	7.3%	5.5%	25.0%
$225,700county est.	$1,370	7.3%	5.3%	26.6%
$225,700county est.	$1,780	9.5%	5.3%	43.5%
$225,700county est.	$1,040	5.5%	5.3%	3.4%
$225,700county est.	$1,320	7.0%	5.3%	23.9%
$225,700county est.	$1,320	7.0%	5.3%	23.9%
$225,700county est.	$1,200	6.4%	5.3%	16.3%
$385,316	$1,490	4.6%	5.2%	-12.8%
$303,751	$1,210	4.8%	5.2%	-8.9%
$392,124	$2,030	6.2%	4.9%	21.1%
$327,025	$1,390	5.1%	4.9%	4.4%
$406,325	$1,370	4.0%	4.9%	-19.9%
$251,840	$1,370	6.5%	4.8%	26.6%
$392,822	$1,770	5.4%	4.7%	13.7%
$533,944	$2,030	4.6%	4.4%	3.7%
$463,045	$1,520	3.9%	4.1%	-4.0%
$340,795	$1,230	4.3%	4.0%	6.7%
$301,252	$1,260	5.0%	4.0%	20.2%
$313,752	$1,400	5.4%	3.8%	28.2%
$316,878	$1,320	5.0%	3.8%	23.9%
$583,130	$1,830	3.8%	3.7%	1.6%
$340,516	$1,350	4.8%	3.5%	25.6%
$345,344	$1,320	4.6%	3.5%	23.9%
$368,936	$1,120	3.6%	3.3%	10.3%
$603,691	$1,670	3.3%	3.0%	10.0%
$725,384	$2,030	3.4%	1.7%	50.5%
$742,162	$2,030	3.3%	1.6%	50.5%

Demographics

Owner-occupied

59.0%

Census ACS

Vacancy rate

7.4%

Census ACS

Bachelor's degree +

41.4%

Census ACS

Rent burdened

44.7%

Census ACS (>30% income)

Median age

36.9

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Hamilton County

See all 54 ZIPs ranked by yield and cap rate