ZIP Code · OH

ZIP 45231

Part of Cincinnati, OH

Pop. 40,463·Hamilton County·62nd most expensive ZIP in Ohio

Median rent (all units)

$1,593/mo

Year-over-Year

+1.3%

Month-over-Month

+0.3%

vs US Median

-$339

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 45231 · $1,593

More affordable than 66% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,030

1 BR

$1,130

2 BR

$1,460

3 BR

$1,930

4 BR+

$2,130

Research median

$1,460/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

Cheapest month to sign

February. Asking rents in ZIP 45231 usually run 1% below trend in February and 1.2% above it in August, about $35 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 45231 is 1.6% below its high of $1,619 in April 2026, at $1,593 as of September 2026.

Past year vs. the rest of Ohio

Rent in ZIP 45231 changed +1.3% over the year to September 2026. Across the 190 Ohio ZIP codes Zillow tracks, the typical change was +3.8%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($71,353) is $1,784 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,460); a 3-bedroom is $1,930.

Rank in Cincinnati

22nd cheapest of 25 ZIP codes in Cincinnati.

Cheaper nearby

ZIP 45224, 3 miles away, rents for 21% less ($1,261/mo), about $4,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 45231. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,116/yr

At $1,593/mo median

Location

CityCincinnati

StateOH

CountyHamilton County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.3% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 45231 (Cincinnati, OH) is majority owner-occupied, 29.2% of residents hold a bachelor's degree or higher.

Population

40,463

Median income

$71,353

Median age

41.1

Renters

27.4%

Age distribution

22.7%

19.7%

24%

13.9%

19.6%

Under 1822.7%

18–3419.7%

35–5424%

55–6413.9%

65+19.6%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

46.1%

39.9%

White46.1%

Black39.9%

Hispanic3%

Asian2.7%

Other8.2%

Education (25+)

31.1%

32.3%

29.2%

No HS diploma7.3%

HS diploma31.1%

Some college32.3%

Bachelor's+29.2%

Housing tenure

72.6%

27.4%

Owner72.6%

Renter27.4%

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

2022 vs 2026

How ZIP 45231 in Cincinnati, OH has changed in 5 years

Rent

$1,322 → $1,593

up 20.5%

Income

$60,853 → $71,353

up 17.3%

Population

42,808 → 40,463

down 5.5%

Renter share

29.1% → 27.4%

-1.7 pts

Bachelor's+

26.4% → 29.2%

+2.8 pts

Median age

40.1 → 41.1

+1.0 yrs

Since 2022, the typical rent in ZIP 45231 in Cincinnati, OH has climbed from $1,322 to $1,593, a 20.5% change over five years. On the earnings side, the typical household in ZIP 45231 in Cincinnati, OH now reports about $71,353, up from $60,853 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 5.5% since 2021, moving from about 42,808 residents to roughly 40,463. Renters now make up 27.4% of households, compared with 29.1% five years ago. College-educated residents now make up 29.2% of adults here, versus 26.4% in 2021. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 45231 in Cincinnati, OH reflects that arc in its own way.

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About renting in ZIP 45231

Last updated: October 17, 2026

ZIP code 45231 covers Cincinnati, OH. The median rent here is $1,593/mo as of October 2026. A 1-bedroom rents for a median of $1,130/mo. A 2-bedroom rents for a median of $1,460/mo.

At 27% of local median household income ($71,353/yr), ZIP 45231 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 45231?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (about $31/hour full-time) to afford the median rent of $1,593/mo in ZIP 45231. The local median household income is $71,353/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 45231?

Rent in ZIP 45231 has risen 1.3% over the past year as of September 2026. It sits 1.6% below its high of $1,619 in April 2026.

When is the cheapest time to rent in ZIP 45231?

Asking rents in ZIP 45231 are usually lowest in February, about 1% below their yearly trend, and highest in August, about 1.2% above it. At today's median that is a gap of roughly $35 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 45231 compare to other ZIPs in Ohio?

ZIP 45231 is one of the pricier among Ohio ZIP codes for rent, ranking #62 of 229 at $1,593/mo. Over the year to September 2026, rent in ZIP 45231 changed +1.3%, against a typical +3.8% across the 190 Ohio ZIP codes Zillow tracks.