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Rental Insights for ZIP Code 45345 (New Lebanon, OH)

Housing Rentals in ZIP Code 45345 (New Lebanon, OH)

45345 ZIP Code in Ohio

Learn About Housing Rentals in the ZIP Code 45345

ZIP Code 45345 is primarily located in New Lebanon, OH in Montgomery County. The median housing rent payment in this region of Ohio is $827 per month. Approximately 34.9% of housing units in the region are renter-occupied, and this this Montgomery County ZIP Code has an estimated rental vacancy rate of 10.1%.

The median rent in ZIP Code 45345 of $827 per month is 2% higher than the aggregate Ohio median monthly rent of $808, and is 22% lower than the $1,062 the median monthly rent in the U.S. overall. About 71.4% of residents in ZIP Code 45345 pay between $500 and $999 per month for rent. That is 22% higher than in Ohio overall, in which 58.3% of total state residents pay between $500 and $999 per month for housing. Only 6.3% of ZIP Code 45345 renters pay less than $500 for monthly rent.

ZIP Code 45345 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 45345

See the chart below for a comparison of monthly rental costs in ZIP Code 45345, Ohio, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 45345 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 45345

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

Cost ZIP 45345 Ohio U.S.
Less than $500 6.3% 13.5% 9.4%
$500 to $999 71.4% 58.3% 36.2%
$1,000 to $1,499 22.2% 22.3% 30.0%
$1,500 to $1,999 0.0% 4.1% 14.0%
$2,000 to $2,499 0.0% 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 45345

Renters in ZIP Code 45345 use an estimated 23.55% of their income to cover their monthly rent payments. That is about 17% 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 45345 renters use about 21% less of their income to cover rent expense. Household income figures for ZIP Code 45345 come in higher than in Ohio as a whole. The median annual household income in ZIP Code 45345 of $60,969 sits approximately 8% higher than the overall Ohio median income of $56,602 and approximately 3% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 45345

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 45345, 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 45345 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 45345

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

Rent Cost as % of Income ZIP 45345 Ohio U.S.
Less than 15.0 percent 29.7% 15.9% 13.1%
15.0 to 19.9 percent 2.4% 14.5% 12.9%
20.0 to 24.9 percent 19.0% 13.0% 12.9%
25.0 to 29.9 percent 29.7% 11.7% 11.6%
30.0 to 34.9 percent 4.4% 8.4% 9.1%
35.0 percent or more 14.8% 36.4% 40.5%

Household Income in ZIP Code 45345

See the table below for the regional comparison of annual household income in ZIP Code 45345.

Income ZIP 45345 Ohio U.S.
Less than $10,000 3.4% 6.8% 6.0%
$10,000 to $14,999 4.6% 4.6% 4.3%
$15,000 to $24,999 8.2% 9.9% 8.9%
$25,000 to $34,999 10.9% 9.8% 8.9%
$35,000 to $49,999 12.1% 13.4% 12.3%
$50,000 to $74,999 27.3% 18.3% 17.2%
$75,000 to $99,999 13.6% 13.0% 12.7%
$100,000 to $149,999 16.1% 14.1% 15.1%
$150,000 to $199,999 1.7% 5.3% 6.8%
$200,000 or more 1.9% 4.9% 7.7%

Household Income in ZIP Code 45345

See the chart below for a comparison of annual household income figures in ZIP Code 45345, Ohio, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 45345 alongside the same figures for the state of Ohio and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 45345

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 45345.

ZIP 45345 Ohio U.S.
Median Housing Rent $827 $808 $1,062
Renter-Occupied Housing Units 34.9% 33.9% 36.0%
Rental Vacancy Rate 10.1% 5.3% 6.0%
Average Size of Renter-Occupied Unit 2.73 2.23 2.49
Average # of Bedrooms Per Unit 2.85 2.78 2.75
Percent of Income Spent on Rent 23.55% 28.47% 29.83%
Per Capita Income $26,525 $31,552 $34,103
Median Household Income $66,517 $76,958 $88,607
Living Below the Poverty Line 9.8% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 45345

In ZIP Code 45345 (New Lebanon, OH), and estimated 34.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 10.1%.

The per capita income in 45345 is estimated at $26,525, which goes along with an estimated median household income of $66,517. About 9.8% of residents in this Montgomery County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.73 occupants, while the units have an aggregate average size of 2.85 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 23.55% of their income on housing rental costs.

Rental FAQs for ZIP Code 45345

1

What is the median monthly rent in ZIP Code 45345?

Median rent for housing in ZIP Code 45345 in Montgomery County in Ohio is approximately $827 per month.
2

Is it expensive to rent in ZIP Code 45345?

Rent in ZIP Code 45345 is higher than average in the state of Ohio overall. The median monthly rent of $827 in ZIP Code 45345 is approximately 2% higher than the Ohio median of $808. Additionally, median rent in this New Lebanon, OH region ($827) is about 22% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 45345?

High-priced rentals are not common in the New Lebanon, OH ZIP Code of 45345, 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 45345?

Affordable rentals are more common in ZIP Code 45345 than in Ohio overall. The percentage of housing rentals in ZIP Code 45345 costing $999 or less per month (77.7%) is approximately 8% higher 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 70% lower than the previously mentioned 45345 rate of 77.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 45345?

The most common range for rental cost in ZIP Code 45345 is between $500 and $999 per month. About 71.4% of renters in 45345 pay in this range for monthly rent. In comparison, approximately 58.3% of renters in the state of Ohio fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 45345 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 45345 is higher than the rental vacancy rate in the state of Ohio overall. Rental vacancy of 10.1% in ZIP Code 45345 is about 91% higher than the Ohio rate of 5.3%. Looking more broadly, rental vacancy in this New Lebanon, OH region (10.1%) is an estimated 68% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 45345? How does it compare to other Ohio regions?

Median household income in ZIP Code 45345 is higher than in the state of Ohio overall. Annual household income of $60,969 in ZIP Code 45345 is about 8% higher than the Ohio median of $56,602. Additionally, median household income in this New Lebanon, OH region ($60,969) is approximately 3% lower 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 45345 spend on housing costs?

Renters in ZIP Code 45345 spend a lower amount of their income on rent costs than do renters in Ohio overall. Renters in ZIP Code 45345 spend an estimated 23.55% of their income on rent payments, which is about 17% 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 21% higher than the ZIP Code 45345 estimated rate of 23.55%.
9

Do renters in ZIP Code 45345 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 45345 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 45345 spending 30 percent or more of their income on rent costs (19.2%) is approximately 57% 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 61% higher than the aforementioned 45345 rate of 19.2%.
10

What is the average household size of renter-occupied units in ZIP Code 45345?

The average household size of renter-occupied units in ZIP Code 45345 is higher than in the state of Ohio overall. Annual household size of 2.73 in ZIP Code 45345 is about 22% higher than the Ohio median of 2.23. Additionally, median household size in this New Lebanon, OH region (2.73) is approximately 10% higher than median household size of 2.49 in the U.S. as a whole.

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