ZIP Code · OH

ZIP 45373

Part of Troy, OH

Pop. 37,565·Miami County·98th most expensive ZIP in Ohio

Median rent (all units)

$1,422/mo

Year-over-Year

+1.3%

Month-over-Month

+0.3%

vs US Median

-$510

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 45373 · $1,422

More affordable than 78% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$870

1 BR

$940

2 BR

$1,190

3 BR

$1,540

4 BR+

$1,700

Research median

$1,190/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

Compared with the peak

Rent in ZIP 45373 is 0.2% below its high of $1,425 in February 2026, at $1,422 as of September 2026.

Past year vs. the rest of Ohio

Rent in ZIP 45373 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 has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($75,742) is $1,894 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,700).

Cheaper nearby

ZIP 45356, 9 miles away, rents for 26% less ($1,052/mo), about $4,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 45373. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,064/yr

At $1,422/mo median

Location

CityTroy

StateOH

CountyMiami County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

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

Demographics

Who lives here

ZIP 45373 (Troy, OH) is majority owner-occupied, 35.1% of residents hold a bachelor's degree or higher.

Population

37,565

Median income

$75,742

Median age

39.3

Renters

28.7%

Age distribution

24.4%

18.5%

25.9%

12.8%

18.4%

Under 1824.4%

18–3418.5%

35–5425.9%

55–6412.8%

65+18.4%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

86.4%

White86.4%

Black2.7%

Hispanic2.8%

Asian3.3%

Other4.8%

Education (25+)

32.5%

26.1%

35.1%

No HS diploma6.3%

HS diploma32.5%

Some college26.1%

Bachelor's+35.1%

Housing tenure

71.3%

28.7%

Owner71.3%

Renter28.7%

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

2022 vs 2026

How ZIP 45373 in Troy, OH has changed in 5 years

Rent

$1,136 → $1,422

up 25.2%

Income

$74,214 → $75,742

up 2.1%

Population

37,211 → 37,565

up 1.0%

Renter share

28.3% → 28.7%

+0.4 pts

Bachelor's+

31.2% → 35.1%

+3.9 pts

The median rent in ZIP 45373 in Troy, OH stood at $1,136 in 2022 and currently runs about $1,422, reflecting a 25.2% increase over the period. Census figures show median household income at $75,742 today, compared with $74,214 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.0% since 2021, moving from about 37,211 residents to roughly 37,565. College-educated residents now make up 35.1% of adults here, versus 31.2% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

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Local insights

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About renting in ZIP 45373

Last updated: October 17, 2026

ZIP code 45373 covers Troy, OH. The median rent here is $1,422/mo as of October 2026. A 1-bedroom rents for a median of $940/mo. A 2-bedroom rents for a median of $1,190/mo.

At 23% of local median household income ($75,742/yr), ZIP 45373 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 45373?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (about $27/hour full-time) to afford the median rent of $1,422/mo in ZIP 45373. The local median household income is $75,742/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 45373?

Rent in ZIP 45373 has risen 1.3% over the past year as of September 2026. It sits 0.2% below its high of $1,425 in February 2026.

How does ZIP 45373 compare to other ZIPs in Ohio?

ZIP 45373 is in the middle among Ohio ZIP codes for rent, ranking #98 of 229 at $1,422/mo. Over the year to September 2026, rent in ZIP 45373 changed +1.3%, against a typical +3.8% across the 190 Ohio ZIP codes Zillow tracks.