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ZIP Code · OH

ZIP 43231

Pop. 23,009·Franklin County·118th most expensive ZIP in Ohio
Median rent (all units)
$1,402/mo
Year-over-Year
Stable
Month-over-Month
-2.5%
vs US Median
-$563
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 43231 · $1,402
More affordable than 80% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,050
1 BR
$1,130
2 BR
$1,350
3 BR
$1,620
4 BR+
$1,820
Research median
$1,350/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$16,824/yr
At $1,402/mo median
Location
StateOH
CountyFranklin County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -2.5% MoM), not inventory.
Demographics

Who lives here

ZIP 43231 (Minerva Park, OH) is roughly split between renters and owners, 30.5% of residents hold a bachelor's degree or higher.

Population
23,009
Median income
$73,986
Median age
35.1
Renters
45.5%
Age distribution
24.3%
25.6%
26.8%
Under 1824.3%
18–3425.6%
35–5426.8%
55–6411.7%
65+11.7%
Gender
47.2%
52.8%
Male47.2%
Female52.8%
Race & ethnicity
37.3%
41.5%
White37.3%
Black41.5%
Hispanic5.7%
Asian9.9%
Other5.5%
Education (25+)
32.3%
27.7%
30.5%
No HS diploma9.4%
HS diploma32.3%
Some college27.7%
Bachelor's+30.5%
Housing tenure
54.5%
45.5%
Owner54.5%
Renter45.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 43231 in Minerva Park, OH has changed in 5 years

Income
$64,033 → $73,986
up 15.5%
Population
23,066 → 23,009
down 0.2%
Renter share
48.2% → 45.5%
-2.7 pts
Bachelor's+
30.4% → 30.5%
+0.1 pts
Median age
32.8 → 35.1
+2.3 yrs

Median household income climbed from $64,033 to $73,986 between 2021 and 2024, a 15.5% shift. The renter share has eased from 48.2% to 45.5%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 43231

Last updated: July 20, 2026

ZIP code 43231 covers Minerva Park, OH. The median rent here is $1,402/mo as of July 2026. A 1-bedroom rents for a median of $1,130/mo. A 2-bedroom rents for a median of $1,350/mo.

At 23% of local median household income ($73,986/yr), ZIP 43231 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 43231?

As of July 20, 2026, the median monthly rent in ZIP 43231 (Minerva Park, OH) is $1,402. This is based on aggregated data from public sources and community submissions.

How does ZIP 43231 rent compare to the US average?

ZIP 43231's median rent of $1,402/mo is $563 (29%) below the US national median of $1,965/mo.

How does ZIP 43231 compare to other ZIPs in Ohio?

ZIP 43231 falls in the middle range for Ohio, ranking #118 out of 232 ZIPs at $1,402/mo.

How much income do you need to rent in ZIP 43231?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,402/mo in ZIP 43231. The local median household income is $73,986/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 43231?

Rent in ZIP 43231 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 43231 an affordable place to rent?

ZIP 43231 is considered very affordable for renters. At $1,402/mo, rent takes approximately 23% of the local median household income ($73,986/yr). The standard benchmark is 30%. ZIP 43231 falls comfortably within that range.

What percentage of ZIP 43231 residents rent vs. own?

According to Census data, approximately 45.5% of ZIP 43231 households are renters, while 54.5% are owner-occupied. ZIP 43231 leans toward homeownership, which can mean a smaller rental inventory.

When was rent data for ZIP 43231 last updated?

Rent data for ZIP 43231 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,402/mo, rent takes ~23% of ZIP 43231's median household income ($73,986/yr). The standard benchmark is 30%.

ZIP 43231 23%Benchmark 30%
State income tax2.75–3.5%
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Schools nearby

Public schools near ZIP 43231 (Minerva Park, OH)

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