ZIP Code · OH

ZIP 45409

Part of Oakwood, OH

Pop. 15,293·Montgomery County·164th most expensive ZIP in Ohio

Median rent (all units)

$1,213/mo

Year-over-Year

-0.3%

Month-over-Month

+0.5%

vs US Median

-$719

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 45409 · $1,213

More affordable than 91% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,050

1 BR

$1,140

2 BR

$1,440

3 BR

$1,870

4 BR+

$2,060

Research median

$1,440/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

Past year vs. the rest of Ohio

Rent in ZIP 45409 changed -0.3% 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 5 of the last 12 months.

What a typical income covers

30% of the median household income ($87,283) is $2,182 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,060).

Cheaper nearby

ZIP 45419, 1 mile away, rents for 12% less ($1,063/mo), about $1,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 45409. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,556/yr

At $1,213/mo median

Location

CityOakwood

StateOH

CountyMontgomery 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 (-0.3% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 45409 (Oakwood, OH) is majority owner-occupied, skews toward younger working-age adults, 62.7% of residents hold a bachelor's degree or higher.

Population

15,293

Median income

$87,283

Median age

Renters

27.8%

Age distribution

68.4%

Under 187.7%

18–3468.4%

35–5410.9%

55–645.1%

65+7.9%

Gender

47.7%

52.3%

Male47.7%

Female52.3%

Race & ethnicity

85.3%

White85.3%

Black5.9%

Hispanic5.8%

Asian2.2%

Other0.8%

Education (25+)

23.9%

62.7%

No HS diploma2.7%

HS diploma10.7%

Some college23.9%

Bachelor's+62.7%

Housing tenure

72.2%

27.8%

Owner72.2%

Renter27.8%

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

2021 vs 2026

How ZIP 45409 in Oakwood, OH has changed in 5 years

Income

$71,831 → $87,283

up 21.5%

Population

16,224 → 15,293

down 5.7%

Renter share

31.2% → 27.8%

-3.4 pts

Bachelor's+

57.9% → 62.7%

+4.8 pts

Household income in the area moved from $71,831 to $87,283 across the same window, up 21.5% versus 2021. The population has contracted by 5.7% since 2021, moving from about 16,224 residents to roughly 15,293. Renters now make up 27.8% of households, compared with 31.2% five years ago. College-educated residents now make up 62.7% of adults here, versus 57.9% in 2021.

Community

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Local insights

Tips for renters in ZIP 45409

About renting in ZIP 45409

Last updated: October 17, 2026

ZIP code 45409 covers Oakwood, OH. The median rent here is $1,213/mo as of October 2026. A 1-bedroom rents for a median of $1,140/mo. A 2-bedroom rents for a median of $1,440/mo.

At 17% of local median household income ($87,283/yr), ZIP 45409 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 45409?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (about $24/hour full-time) to afford the median rent of $1,213/mo in ZIP 45409. The local median household income is $87,283/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 45409?

Rent in ZIP 45409 has been roughly flat over the past year, a -0.3% change.

How does ZIP 45409 compare to other ZIPs in Ohio?

ZIP 45409 is one of the more affordable among Ohio ZIP codes for rent, ranking #164 of 229 at $1,213/mo. Over the year to September 2026, rent in ZIP 45409 changed -0.3%, against a typical +3.8% across the 190 Ohio ZIP codes Zillow tracks.

Income Affordability

17%

VERY AFFORDABLE

At $1,213/mo, rent takes ~17% of ZIP 45409's median household income ($87,283/yr). The standard benchmark is 30%.

ZIP 45409 17%Benchmark 30%

State income tax2.75–3.5%

Nearby ZIPs