ZIP 45242
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 45242 usually run 2.8% below trend in December and 1.8% above it in August, about $86 a month apart at today's median. Based on 5 years of data.
Rent in ZIP 45242 is 1.5% below its high of $1,899 in March 2026, at $1,870 as of September 2026.
Rent in ZIP 45242 changed -0.5% over the year to September 2026. Across the 190 Ohio ZIP codes Zillow tracks, the typical change was +3.8%.
Rent has fallen 2 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($124,567) is $3,114 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,960).
ZIP 45249, 3 miles away, rents for 14% less ($1,616/mo), about $3,000 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 45242. 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.
Who lives here
ZIP 45242 (Montgomery, OH) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 69.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 45242 in Montgomery, OH has changed in 5 years
Rent in ZIP 45242 in Montgomery, OH has climbed 34.4% since 2021, going from about $1,391 per month to roughly $1,870 today. Median household income grew from $106,629 to $124,567 between 2021 and 2024, a 16.8% shift. Rent outpaced income growth by roughly 17.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 21,992 to 22,623 between 2021 and 2024, a 2.9% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 66.7% to 69.7%. Taken together, the five-year picture in ZIP 45242 in Montgomery, OH reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 45242
Last updated: October 17, 2026
ZIP code 45242 covers Montgomery, OH. The median rent here is $1,870/mo as of October 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $2,030/mo.
At 18% of local median household income ($124,567/yr), ZIP 45242 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.5% over the past year.
Frequently asked questions
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How does ZIP 45242 compare to other ZIPs in Ohio?
At $1,870/mo, rent takes ~18% of ZIP 45242's median household income ($124,567/yr). The standard benchmark is 30%.
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