ZIP Code · OH

ZIP 45406

Part of Dayton, OH

Pop. 19,991·Montgomery County·203rd most expensive ZIP in Ohio

Median rent (all units)

$1,072/mo

Year-over-Year

+4.5%

Month-over-Month

Stable

vs US Median

-$860

Reported rents

Stable (Monthly)

Be the first to discuss 45406 rents ↓

Most AffordableMost Expensive

ZIP 45406 · $1,072

More affordable than 96% 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

$850

1 BR

$920

2 BR

$1,160

3 BR

$1,500

4 BR+

$1,660

Research median

$1,160/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

Compared with the peak

Rent in ZIP 45406 is 0.1% below its high of $1,073 in August 2026, at $1,072 as of September 2026.

Past year vs. the rest of Ohio

Rent in ZIP 45406 changed +4.5% over the year to September 2026. Across the 190 Ohio ZIP codes Zillow tracks, the typical change was +3.8%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($41,796) is $1,045 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($920); a 2-bedroom is $1,160.

Rank in Dayton

3rd cheapest of 8 ZIP codes in Dayton.

From Zillow's monthly rent index (ZORI) for ZIP 45406. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$12,864/yr

At $1,072/mo median

Location

CityDayton

StateOH

CountyMontgomery County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.5% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 45406 (Dayton, OH) is roughly split between renters and owners, has a median income below the national average, 20.2% of residents hold a bachelor's degree or higher.

Population

19,991

Median income

$41,796

Median age

37.4

Renters

52.9%

Age distribution

23.2%

24.2%

22.6%

12%

17.9%

Under 1823.2%

18–3424.2%

35–5422.6%

55–6412%

65+17.9%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

15.9%

77.7%

White15.9%

Black77.7%

Hispanic2.5%

Asian0.5%

Other3.3%

Education (25+)

12.4%

33.2%

34.2%

20.2%

No HS diploma12.4%

HS diploma33.2%

Some college34.2%

Bachelor's+20.2%

Housing tenure

47.1%

52.9%

Owner47.1%

Renter52.9%

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

2023 vs 2026

How ZIP 45406 in Dayton, OH has changed in 5 years

Rent

$892 → $1,072

up 20.2%

Income

$35,294 → $41,796

up 18.4%

Population

19,830 → 19,991

up 0.8%

Renter share

51.8% → 52.9%

+1.1 pts

Bachelor's+

20.6% → 20.2%

-0.4 pts

Median age

39.5 → 37.4

-2.1 yrs

The median rent in ZIP 45406 in Dayton, OH stood at $892 in 2023 and currently runs about $1,072, reflecting a 20.2% increase over the period. On the earnings side, the typical household in ZIP 45406 in Dayton, OH now reports about $41,796, up from $35,294 in 2021. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 45406 in Dayton, OH reflects that arc in its own way.

Community

Discussions about ZIP 45406

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 45406

About renting in ZIP 45406

Last updated: October 17, 2026

ZIP code 45406 covers Dayton, OH. The median rent here is $1,072/mo as of October 2026. A 1-bedroom rents for a median of $920/mo. A 2-bedroom rents for a median of $1,160/mo.

At 31% of local median household income ($41,796/yr), ZIP 45406 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 45406?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (about $21/hour full-time) to afford the median rent of $1,072/mo in ZIP 45406. The local median household income is $41,796/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 45406?

Rent in ZIP 45406 has risen 4.5% over the past year as of September 2026. It sits 0.1% below its high of $1,073 in August 2026.

How does ZIP 45406 compare to other ZIPs in Ohio?

ZIP 45406 is one of the more affordable among Ohio ZIP codes for rent, ranking #203 of 229 at $1,072/mo. Over the year to September 2026, rent in ZIP 45406 changed +4.5%, against a typical +3.8% across the 190 Ohio ZIP codes Zillow tracks.