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Rental Insights for ZIP Code 45243 (Cincinnati, OH)

Housing Rentals in ZIP Code 45243 (Cincinnati, OH)

45243 ZIP Code in Ohio

Learn About Housing Rentals in the ZIP Code 45243

ZIP Code 45243 is primarily located in Cincinnati, OH in Hamilton County. The median housing rent payment in this region of Ohio is $1,367 per month. About 9.6% of housing units in this Hamilton County ZIP Code are renter-occupied, and the region has an approximate rental vacancy rate of zero.

The median rent in ZIP Code 45243 of $1,367 per month is 69% higher than the aggregate Ohio median monthly rent of $808, and is 29% higher than the $1,062 the median monthly rent in the U.S. overall. About 36.3% of residents in ZIP Code 45243 pay between $1,500 and $1,999 per month for rent. That is 785% higher than in Ohio overall, in which 4.1% of total state residents pay between $1,500 and $1,999 per month for housing. Just 3.0% of renters in this Cincinnati, OH region pay less than $500 for monthly rent.

ZIP Code 45243 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 45243

See the chart below for a comparison of monthly rental costs in ZIP Code 45243, Ohio, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 45243 along with those in the state of Ohio and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 45243

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 45243 Ohio U.S.
Less than $500 3.0% 13.5% 9.4%
$500 to $999 35.3% 58.3% 36.2%
$1,000 to $1,499 20.4% 22.3% 30.0%
$1,500 to $1,999 36.3% 4.1% 14.0%
$2,000 to $2,499 5.0% 1.0% 5.6%
$2,500 to $2,999 0.0% 0.3% 2.4%
$3,000 or more 0.0% 0.4% 2.4%

Rent Cost vs. Income in ZIP Code 45243

Renters in ZIP Code 45243 use an estimated 21.24% of their income to cover their monthly rent payments. That is about 25% lower than in Ohio overall. The estimate for Ohio overall is 28.47% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 45243 renters use about 29% less of their income to cover rent expense. Household income figures for ZIP Code 45243 come in higher than in Ohio as a whole. The median annual household income in ZIP Code 45243 of $136,406 sits approximately 141% higher than the overall Ohio median income of $56,602 and approximately 117% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 45243

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 45243, Ohio, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 45243 along with the same calculations in the state of Ohio and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 45243

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 45243 Ohio U.S.
Less than 15.0 percent 8.4% 15.9% 13.1%
15.0 to 19.9 percent 49.9% 14.5% 12.9%
20.0 to 24.9 percent 25.6% 13.0% 12.9%
25.0 to 29.9 percent 4.9% 11.7% 11.6%
30.0 to 34.9 percent 2.0% 8.4% 9.1%
35.0 percent or more 9.2% 36.4% 40.5%

Household Income in ZIP Code 45243

See the table below for the regional comparison of annual household income in ZIP Code 45243.

Income ZIP 45243 Ohio U.S.
Less than $10,000 2.4% 6.8% 6.0%
$10,000 to $14,999 2.0% 4.6% 4.3%
$15,000 to $24,999 1.4% 9.9% 8.9%
$25,000 to $34,999 1.6% 9.8% 8.9%
$35,000 to $49,999 5.7% 13.4% 12.3%
$50,000 to $74,999 9.0% 18.3% 17.2%
$75,000 to $99,999 12.0% 13.0% 12.7%
$100,000 to $149,999 20.3% 14.1% 15.1%
$150,000 to $199,999 17.1% 5.3% 6.8%
$200,000 or more 28.6% 4.9% 7.7%

Household Income in ZIP Code 45243

See the chart below for a comparison of annual household income figures in ZIP Code 45243, Ohio, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 45243 alongside the same figures for the state of Ohio and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 45243

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 45243.

ZIP 45243 Ohio U.S.
Median Housing Rent $1,367 $808 $1,062
Renter-Occupied Housing Units 9.6% 33.9% 36.0%
Rental Vacancy Rate 0.0% 5.3% 6.0%
Average Size of Renter-Occupied Unit 2.01 2.23 2.49
Average # of Bedrooms Per Unit 3.63 2.78 2.75
Percent of Income Spent on Rent 21.24% 28.47% 29.83%
Per Capita Income $71,543 $31,552 $34,103
Median Household Income $198,971 $76,958 $88,607
Living Below the Poverty Line 1.5% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 45243

In ZIP Code 45243 (Cincinnati, OH), and estimated 9.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 45243 is estimated at $71,543, which goes along with an estimated median household income of $198,971. About 1.5% of residents in this Hamilton County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.01 occupants, while the units have an aggregate average size of 3.63 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 21.24% of their income on housing rental costs.

Rental FAQs for ZIP Code 45243

1

What is the median monthly rent in ZIP Code 45243?

Median rent for housing in ZIP Code 45243 in Hamilton County in Ohio is approximately $1,367 per month.
2

Is it expensive to rent in ZIP Code 45243?

Rent in ZIP Code 45243 is higher than average in the state of Ohio overall. The median monthly rent of $1,367 in ZIP Code 45243 is approximately 69% higher than the Ohio median of $808. Additionally, median rent in this Cincinnati, OH region ($1,367) is about 29% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 45243?

High-priced rentals are not common in the Cincinnati, OH ZIP Code of 45243, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Ohio overall, approximately 0.4% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 45243?

Affordable rentals are less common in ZIP Code 45243 than in Ohio overall. The percentage of housing rentals in ZIP Code 45243 costing $999 or less per month (38.3%) is approximately 47% lower than the Ohio rate of 71.8% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 16% higher than the previously mentioned 45243 rate of 38.3%.
5

What is the most common cost range that rentals fall into in ZIP Code 45243?

The most common range for rental cost in ZIP Code 45243 is between $1,500 and $1,999 per month. About 36.3% of renters in 45243 pay in this range for monthly rent. In comparison, approximately 4.1% of renters in the state of Ohio fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 45243 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 45243 is lower than the rental vacancy rate in the state of Ohio overall. Rental vacancy of 0.0% in ZIP Code 45243 is about 100% lower than the Ohio rate of 5.3%. Looking more broadly, rental vacancy in this Cincinnati, OH region (0.0%) is an estimated 100% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 45243? How does it compare to other Ohio regions?

Median household income in ZIP Code 45243 is higher than in the state of Ohio overall. Annual household income of $136,406 in ZIP Code 45243 is about 141% higher than the Ohio median of $56,602. Additionally, median household income in this Cincinnati, OH region ($136,406) is approximately 117% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 45243 spend on housing costs?

Renters in ZIP Code 45243 spend a lower amount of their income on rent costs than do renters in Ohio overall. Renters in ZIP Code 45243 spend an estimated 21.24% of their income on rent payments, which is about 25% lower than the overall Ohio estimated rate of 28.47%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 29% higher than the ZIP Code 45243 estimated rate of 21.24%.
9

Do renters in ZIP Code 45243 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 45243 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 45243 spending 30 percent or more of their income on rent costs (11.2%) is approximately 75% lower than the Ohio rate of 44.8% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 77% higher than the aforementioned 45243 rate of 11.2%.
10

What is the average household size of renter-occupied units in ZIP Code 45243?

The average household size of renter-occupied units in ZIP Code 45243 is lower than in the state of Ohio overall. Annual household size of 2.01 in ZIP Code 45243 is about 10% lower than the Ohio median of 2.23. Additionally, median household size in this Cincinnati, OH region (2.01) is approximately 19% lower than median household size of 2.49 in the U.S. as a whole.

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