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

The median home value in Hamilton County, OH is $225,700, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Hamilton County, OH?

The cap rate proxy in Hamilton County, OH is 7.2% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is above average for cash-flow investors.

How much new construction is happening in Hamilton County, OH?

Hamilton County has 827,878 residents and issued 1,484 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Cincinnati, OH-KY-IN · Ohio

Hamilton County

827,878 residents1,484 permits TTM$70,816 median HHI54 ZIP codesUpdated April 28, 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 code breakdown54 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
45205	$138,181	$1,150	10.0%	11.6%	-19.0%
45251	$219,164	$1,630	8.9%	7.5%	14.6%
45204	$122,699	$1,020	10.0%	12.0%	-24.2%
45237	$195,156	$1,160	7.1%	7.1%	-2.5%
45225	$113,360	$1,030	10.9%	13.2%	-25.7%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$132,452	$1,080	9.8%	11.7%	-24.2%
$155,036	$1,200	9.3%	11.1%	-22.7%
$210,151	$1,460	8.3%	8.8%	-8.4%
$211,396	$1,220	6.9%	8.5%	-29.3%
$206,739	$1,130	6.6%	8.3%	-30.6%
$243,856	$1,600	7.9%	8.0%	-3.4%
$203,914	$1,230	7.2%	7.9%	-11.5%
$198,311	$1,170	7.1%	7.3%	-6.1%
$231,806	$1,260	6.5%	7.2%	-12.1%
$192,283	$1,140	7.1%	7.1%	-1.7%
$254,638	$1,220	5.7%	7.0%	-24.6%
$280,501	$1,360	5.8%	6.9%	-22.0%
$168,743	$980	7.0%	6.9%	-2.5%
$264,422	$1,580	7.2%	6.8%	1.8%
$277,158	$1,540	6.7%	6.8%	-5.3%
$242,281	$1,530	7.6%	6.8%	8.9%
$217,180	$1,180	6.5%	6.7%	-4.6%
$215,873	$1,220	6.8%	6.2%	6.6%
$290,795	$1,210	5.0%	6.1%	-25.5%
$245,404	$1,120	5.5%	5.9%	-7.7%
$243,936	$1,350	6.6%	5.8%	9.2%
$347,658	$1,570	5.4%	5.8%	-8.5%
$225,700county est.	$1,370	7.3%	5.3%	26.6%
$225,700county est.	$1,040	5.5%	5.3%	3.4%
$225,700county est.	$1,780	9.5%	5.3%	43.5%
$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%
$303,751	$1,210	4.8%	5.3%	-13.6%
$220,903	$1,340	7.3%	5.3%	25.0%
$385,316	$1,490	4.6%	5.1%	-12.7%
$392,124	$2,030	6.2%	5.0%	19.6%
$327,025	$1,390	5.1%	4.8%	2.7%
$251,840	$1,370	6.5%	4.7%	26.6%
$406,325	$1,370	4.0%	4.6%	-17.1%
$392,822	$1,770	5.4%	4.5%	15.4%
$533,944	$2,030	4.6%	4.3%	2.5%
$463,045	$1,520	3.9%	4.0%	-1.6%
$340,795	$1,230	4.3%	4.0%	6.7%
$301,252	$1,260	5.0%	3.9%	20.2%
$313,752	$1,400	5.4%	3.8%	28.2%
$316,878	$1,320	5.0%	3.7%	23.9%
$583,130	$1,830	3.8%	3.6%	2.2%
$340,516	$1,350	4.8%	3.5%	25.6%
$345,344	$1,320	4.6%	3.4%	23.9%
$368,936	$1,120	3.6%	3.3%	10.3%
$603,691	$1,670	3.3%	3.0%	7.5%
$725,384	$2,030	3.4%	1.6%	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 28, 2026

Hamilton County

See all 54 ZIPs ranked by yield and cap rate