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ZIP Code · OH

ZIP 45240

Pop. 29,600·Hamilton County·67th most expensive ZIP in Ohio
Median rent (all units)
$1,605/mo
Year-over-Year
+12.5%
Month-over-Month
Stable
vs US Median
-$360
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 45240 · $1,605
More affordable than 66% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,080
1 BR
$1,190
2 BR
$1,530
3 BR
$2,020
4 BR+
$2,230
Research median
$1,530/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
$19,260/yr
At $1,605/mo median
Location
StateOH
CountyHamilton County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.5% YoY, +0.0% MoM), not inventory.
Demographics

Who lives here

ZIP 45240 (Forest Park, OH) is majority owner-occupied, has a large share of families with children, 29.2% of residents hold a bachelor's degree or higher.

Population
29,600
Median income
$71,947
Median age
35.5
Renters
39.4%
Age distribution
25.3%
23.7%
27.1%
14.9%
Under 1825.3%
18–3423.7%
35–5427.1%
55–649%
65+14.9%
Gender
45.3%
54.7%
Male45.3%
Female54.7%
Race & ethnicity
24.9%
60.9%
White24.9%
Black60.9%
Hispanic8.1%
Asian2.7%
Other3.4%
Education (25+)
29%
31.7%
29.2%
No HS diploma10%
HS diploma29%
Some college31.7%
Bachelor's+29.2%
Housing tenure
60.6%
39.4%
Owner60.6%
Renter39.4%

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

2021 vs 2026

How ZIP 45240 in Forest Park, OH has changed in 5 years

Income
$62,350 → $71,947
up 15.4%
Population
28,312 → 29,600
up 4.5%
Renter share
40.5% → 39.4%
-1.1 pts
Bachelor's+
29% → 29.2%
+0.2 pts
Median age
36.9 → 35.5
-1.4 yrs

Household income in the area moved from $62,350 to $71,947 across the same window, up 15.4% versus 2021. The population has grown by 4.5% since 2021, moving from about 28,312 residents to roughly 29,600.

Community

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Local insights

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About renting in ZIP 45240

Last updated: July 20, 2026

ZIP code 45240 covers Forest Park, OH. The median rent here is $1,605/mo as of July 2026. A 1-bedroom rents for a median of $1,190/mo. A 2-bedroom rents for a median of $1,530/mo.

At 27% of local median household income ($71,947/yr), ZIP 45240 ranks as affordable compared to the national benchmark of 30%. Rents have increased 12.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 45240?

As of July 20, 2026, the median monthly rent in ZIP 45240 (Forest Park, OH) is $1,605. This is based on aggregated data from public sources and community submissions.

How does ZIP 45240 rent compare to the US average?

ZIP 45240's median rent of $1,605/mo is $360 (18%) below the US national median of $1,965/mo.

How does ZIP 45240 compare to other ZIPs in Ohio?

ZIP 45240 is one of the pricier ZIP codes in Ohio, ranking #67 out of 232 ZIPs tracked at $1,605/mo.

How much income do you need to rent in ZIP 45240?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (~$31/hour full-time) to afford the median rent of $1,605/mo in ZIP 45240. The local median household income is $71,947/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 45240?

Rent in ZIP 45240 has increased 12.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 45240 an affordable place to rent?

ZIP 45240 is considered affordable for renters. At $1,605/mo, rent takes approximately 27% of the local median household income ($71,947/yr). The standard benchmark is 30%. ZIP 45240 falls comfortably within that range.

What percentage of ZIP 45240 residents rent vs. own?

According to Census data, approximately 39.4% of ZIP 45240 households are renters, while 60.6% are owner-occupied. ZIP 45240 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 45240 compare to the rest of Forest Park?

ZIP 45240 is pricier than Forest Park as a whole. At $1,605/mo, it's $30 above the Forest Park citywide median of $1,575/mo.

When was rent data for ZIP 45240 last updated?

Rent data for ZIP 45240 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,605/mo, rent takes ~27% of ZIP 45240's median household income ($71,947/yr). The standard benchmark is 30%.

ZIP 45240 27%Benchmark 30%
State income tax2.75–3.5%
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Schools nearby

Public schools near ZIP 45240 (Forest Park, OH)

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