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ZIP Code · OH

ZIP 45005

Part of Franklin, OH
Pop. 32,251·Warren County·180th most expensive ZIP in Ohio
Median rent (all units)
$1,176/mo
Year-over-Year
+8.6%
Month-over-Month
+3.1%
vs US Median
-$789
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 45005 · $1,176
More affordable than 93% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$1,000
2 BR
$1,290
3 BR
$1,700
4 BR+
$1,880
Research median
$1,290/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
$14,112/yr
At $1,176/mo median
Location
StateOH
CountyWarren County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.6% YoY, +3.1% MoM), not inventory.
Demographics

Who lives here

ZIP 45005 (Franklin, OH) is majority owner-occupied, 20.2% of residents hold a bachelor's degree or higher.

Population
32,251
Median income
$75,399
Median age
39.4
Renters
25.4%
Age distribution
21.3%
24.1%
24.6%
13.4%
16.6%
Under 1821.3%
18–3424.1%
35–5424.6%
55–6413.4%
65+16.6%
Gender
50.7%
49.3%
Male50.7%
Female49.3%
Race & ethnicity
90.4%
White90.4%
Black1.3%
Hispanic2.5%
Asian2.8%
Other2.9%
Education (25+)
42.1%
29%
20.2%
No HS diploma8.7%
HS diploma42.1%
Some college29%
Bachelor's+20.2%
Housing tenure
74.6%
25.4%
Owner74.6%
Renter25.4%

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

2021 vs 2026

How ZIP 45005 in Franklin, OH has changed in 5 years

Income
$67,439 → $75,399
up 11.8%
Population
31,294 → 32,251
up 3.1%
Renter share
27.4% → 25.4%
-2.0 pts
Bachelor's+
16.5% → 20.2%
+3.7 pts
Median age
40.6 → 39.4
-1.2 yrs

Household income in the area moved from $67,439 to $75,399 across the same window, up 11.8% versus 2021. Census counts show ZIP 45005 in Franklin, OH adding about 957 residents over the five-year window, up 3.1% on net. The renter share has eased from 27.4% to 25.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 16.5% to 20.2% across the same window.

Community

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Local insights

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About renting in ZIP 45005

Last updated: July 20, 2026

ZIP code 45005 covers Franklin, OH. The median rent here is $1,176/mo as of July 2026. A 1-bedroom rents for a median of $1,000/mo. A 2-bedroom rents for a median of $1,290/mo.

At 19% of local median household income ($75,399/yr), ZIP 45005 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 45005?

As of July 20, 2026, the median monthly rent in ZIP 45005 (Franklin, OH) is $1,176. This is based on aggregated data from public sources and community submissions.

How does ZIP 45005 rent compare to the US average?

ZIP 45005's median rent of $1,176/mo is $789 (40%) below the US national median of $1,965/mo.

How does ZIP 45005 compare to other ZIPs in Ohio?

ZIP 45005 is among the more affordable ZIP codes in Ohio, ranking #180 out of 232 ZIPs at $1,176/mo.

How much income do you need to rent in ZIP 45005?

To keep rent at or below 30% of gross income, you would need to earn at least $47,000/year (~$23/hour full-time) to afford the median rent of $1,176/mo in ZIP 45005. The local median household income is $75,399/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 45005?

Rent in ZIP 45005 has increased 8.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 45005 an affordable place to rent?

ZIP 45005 is considered very affordable for renters. At $1,176/mo, rent takes approximately 19% of the local median household income ($75,399/yr). The standard benchmark is 30%. ZIP 45005 falls comfortably within that range.

What percentage of ZIP 45005 residents rent vs. own?

According to Census data, approximately 25.4% of ZIP 45005 households are renters, while 74.6% are owner-occupied. ZIP 45005 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 45005 compare to the rest of Franklin?

ZIP 45005 is more affordable than Franklin overall. At $1,176/mo, it's $83 below the Franklin citywide median of $1,259/mo.

When was rent data for ZIP 45005 last updated?

Rent data for ZIP 45005 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,176/mo, rent takes ~19% of ZIP 45005's median household income ($75,399/yr). The standard benchmark is 30%.

ZIP 45005 19%Benchmark 30%
State income tax2.75–3.5%
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Schools nearby

Public schools near ZIP 45005 (Franklin, OH)

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