ZIP Code · OH

ZIP 45150

Part of Milford, OH

Pop. 33,527·Clermont County·111th most expensive ZIP in Ohio

Median rent (all units)

$1,386/mo

Year-over-Year

+5.5%

Month-over-Month

+1.9%

vs US Median

-$546

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 45150 · $1,386

More affordable than 81% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$930

1 BR

$1,020

2 BR

$1,310

3 BR

$1,730

4 BR+

$1,910

Research median

$1,310/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

Compared with the peak

Rent in ZIP 45150 is at its highest level since Zillow's records here began in January 2023.

Past year vs. the rest of Ohio

Rent in ZIP 45150 changed +5.5% over the year to September 2026. Across the 190 Ohio ZIP codes Zillow tracks, the typical change was +3.8%.

Recent direction

Rent has risen 6 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($93,595) is $2,340 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,910).

From Zillow's monthly rent index (ZORI) for ZIP 45150. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,632/yr

At $1,386/mo median

Location

CityMilford

StateOH

CountyClermont County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.5% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.5% YoY, +1.9% MoM), not inventory.

Demographics

Who lives here

ZIP 45150 (Milford, OH) is majority owner-occupied, has a large retiree population, has a median income above the national average, 40.5% of residents hold a bachelor's degree or higher.

Population

33,527

Median income

$93,595

Median age

44.5

Renters

25.8%

Age distribution

21%

17.4%

26.2%

13.3%

22%

Under 1821%

18–3417.4%

35–5426.2%

55–6413.3%

65+22%

Gender

48.4%

51.6%

Male48.4%

Female51.6%

Race & ethnicity

92.2%

White92.2%

Black1.9%

Hispanic1.8%

Asian1.2%

Other2.9%

Education (25+)

27.3%

26%

40.5%

No HS diploma6.2%

HS diploma27.3%

Some college26%

Bachelor's+40.5%

Housing tenure

74.2%

25.8%

Owner74.2%

Renter25.8%

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

2023 vs 2026

How ZIP 45150 in Milford, OH has changed in 5 years

Rent

$1,229 → $1,386

up 12.8%

Income

$80,706 → $93,595

up 16.0%

Population

33,394 → 33,527

up 0.4%

Renter share

24.4% → 25.8%

+1.4 pts

Bachelor's+

40.2% → 40.5%

+0.3 pts

Median age

43.6 → 44.5

+0.9 yrs

Across the past five years, the going rent in ZIP 45150 in Milford, OH has shifted from $1,229 to $1,386, up 12.8% since 2023. On the earnings side, the typical household in ZIP 45150 in Milford, OH now reports about $93,595, up from $80,706 in 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 45150 in Milford, OH reflects that arc in its own way.

Community

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About renting in ZIP 45150

Last updated: October 17, 2026

ZIP code 45150 covers Milford, OH. The median rent here is $1,386/mo as of October 2026. A 1-bedroom rents for a median of $1,020/mo. A 2-bedroom rents for a median of $1,310/mo.

At 18% of local median household income ($93,595/yr), ZIP 45150 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 45150?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (about $26/hour full-time) to afford the median rent of $1,386/mo in ZIP 45150. The local median household income is $93,595/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 45150?

Rent in ZIP 45150 has risen 5.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2023.

How does ZIP 45150 compare to other ZIPs in Ohio?

ZIP 45150 is in the middle among Ohio ZIP codes for rent, ranking #111 of 229 at $1,386/mo. Over the year to September 2026, rent in ZIP 45150 changed +5.5%, against a typical +3.8% across the 190 Ohio ZIP codes Zillow tracks.