ZIP Code · OH

ZIP 43231

Part of Minerva Park, OH

Pop. 23,009·Franklin County·90th most expensive ZIP in Ohio

Median rent (all units)

$1,456/mo

Year-over-Year

Stable

Month-over-Month

-0.5%

vs US Median

-$476

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 43231 · $1,456

More affordable than 76% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($73,986) is $1,850 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,820).

Cheaper nearby

ZIP 43229, 2 miles away, rents for 15% less ($1,233/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 43231. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,472/yr

At $1,456/mo median

Location

CityMinerva Park

StateOH

CountyFranklin County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, -0.5% 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: October 17, 2026

ZIP code 43231 covers Minerva Park, OH. The median rent here is $1,456/mo as of October 2026. A 1-bedroom rents for a median of $1,130/mo. A 2-bedroom rents for a median of $1,350/mo.

At 24% 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 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 $58,000/year (about $28/hour full-time) to afford the median rent of $1,456/mo in ZIP 43231. The local median household income is $73,986/yr, so the typical household meets that bar.