ZIP Code · OH

ZIP 45240

Part of Forest Park, OH

Pop. 29,600·Hamilton County·68th most expensive ZIP in Ohio

Median rent (all units)

$1,573/mo

Year-over-Year

+5.5%

Month-over-Month

Stable

vs US Median

-$359

Reported rents

Stable (Monthly)

Be the first to discuss 45240 rents ↓

Most AffordableMost Expensive

ZIP 45240 · $1,573

More affordable than 68% 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

$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

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Ohio

Rent in ZIP 45240 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 7 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($71,947) is $1,799 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,530); a 3-bedroom is $2,020.

Cheaper nearby

ZIP 45014, 3 miles away, rents for 14% less ($1,357/mo), about $2,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 45240. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,876/yr

At $1,573/mo median

Location

CityForest Park

StateOH

CountyHamilton County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (5.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+5.5% YoY, +0.1% 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

Discussions about ZIP 45240

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 45240

About renting in ZIP 45240

Last updated: October 17, 2026

ZIP code 45240 covers Forest Park, OH. The median rent here is $1,573/mo as of October 2026. A 1-bedroom rents for a median of $1,190/mo. A 2-bedroom rents for a median of $1,530/mo.

At 26% of local median household income ($71,947/yr), ZIP 45240 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 45240?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,573/mo in ZIP 45240. The local median household income is $71,947/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 45240?

Rent in ZIP 45240 has risen 5.5% over the past year.

How does ZIP 45240 compare to other ZIPs in Ohio?

ZIP 45240 is one of the pricier among Ohio ZIP codes for rent, ranking #68 of 229 at $1,573/mo. Over the year to September 2026, rent in ZIP 45240 changed +5.5%, against a typical +3.8% across the 190 Ohio ZIP codes Zillow tracks.