ZIP Code · OH

ZIP 45232

Part of Cincinnati, OH

Pop. 6,363·Hamilton County·232nd most expensive ZIP in Ohio

Median rent (all units)

$980/mo

Year-over-Year

-9.3%

Month-over-Month

-9.3%

vs US Median

-$952

Reported rents

Falling (Monthly)

Be the first to discuss 45232 rents ↓

Most AffordableMost Expensive

ZIP 45232 · $980

More affordable than 97% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$690

1 BR

$760

2 BR

$980

3 BR

$1,290

4 BR+

$1,440

Research median

$980/mo

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

Rent trends

12-month history

Loading…

Last updated: April 19, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($28,367) is $709 a month. That covers HUD's Fair Market Rent for up to a studio ($690); a 1-bedroom is $760.

Cheaper nearby

ZIP 45224, 1 mile away, rents for 14% less ($1,261/mo), about $2,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 45232. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$11,760/yr

At $980/mo median

Location

CityCincinnati

StateOH

CountyHamilton County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 9.3% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-9.3% YoY, -9.3% MoM), not inventory.

Demographics

Who lives here

ZIP 45232 (Cincinnati, OH) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 15.3% of residents hold a bachelor's degree or higher.

Population

6,363

Median income

$28,367

Median age

28.3

Renters

78.7%

Age distribution

29.5%

35.2%

18.8%

Under 1829.5%

18–3435.2%

35–5418.8%

55–649.8%

65+6.6%

Gender

43.6%

56.4%

Male43.6%

Female56.4%

Race & ethnicity

17.1%

64.5%

White17.1%

Black64.5%

Hispanic9.1%

Other9.4%

Education (25+)

14.9%

35.3%

34.5%

15.3%

No HS diploma14.9%

HS diploma35.3%

Some college34.5%

Bachelor's+15.3%

Housing tenure

21.3%

78.7%

Owner21.3%

Renter78.7%

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

2021 vs 2026

How ZIP 45232 in Cincinnati, OH has changed in 5 years

Income

$22,033 → $28,367

up 28.7%

Population

8,080 → 6,363

down 21.2%

Renter share

79.1% → 78.7%

-0.4 pts

Bachelor's+

13.5% → 15.3%

+1.8 pts

Median age

23.2 → 28.3

+5.1 yrs

Local incomes tracked alongside that move, going from a median of $22,033 in 2021 to $28,367 more recently. Headcount in the area went from 8,080 to 6,363 between 2021 and 2024, a 21.2% change.

Community

Discussions about ZIP 45232

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 45232

About renting in ZIP 45232

Last updated: April 19, 2026

ZIP code 45232 covers Cincinnati, OH. The median rent here is $980/mo as of April 2026. A 1-bedroom rents for a median of $760/mo. A 2-bedroom rents for a median of $980/mo.

At 41% of local median household income ($28,367/yr), ZIP 45232 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 9.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 45232?

To keep rent at or below 30% of gross income, you would need to earn at least $39,000/year (about $19/hour full-time) to afford the median rent of $980/mo in ZIP 45232. The local median household income is $28,367/yr, so the typical household falls short of that bar.