Renters Local

Rental Insights for ZIP Code 45402 (Dayton, OH)

Housing Rentals in ZIP Code 45402 (Dayton, OH)

45402 ZIP Code in Ohio

Learn About Housing Rentals in the ZIP Code 45402

ZIP Code 45402 is primarily located in Dayton, OH in Montgomery County. The median housing rent payment in this region of Ohio is $684 per month. About 67.2% of housing units in the region are renter-occupied, and this Montgomery County ZIP Code has an approximate rental vacancy rate of 5.7%.

The median rent in ZIP Code 45402 of $684 per month is 15% lower than the aggregate Ohio median monthly rent of $808, and is 36% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 43.7% of residents in ZIP Code 45402 pay between $500 and $999 per month for rent. That is 25% lower than in Ohio overall, in which 58.3% of total state residents pay between $500 and $999 per month for housing.

ZIP Code 45402 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 45402

See the chart below for a comparison of monthly rental costs in ZIP Code 45402, Ohio, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 45402 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 45402

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

Cost ZIP 45402 Ohio U.S.
Less than $500 33.1% 13.5% 9.4%
$500 to $999 43.7% 58.3% 36.2%
$1,000 to $1,499 19.4% 22.3% 30.0%
$1,500 to $1,999 3.0% 4.1% 14.0%
$2,000 to $2,499 0.9% 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 45402

Renters in ZIP Code 45402 use an estimated 29.44% of their income to cover their monthly rent payments. That is about 3% higher 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 45402 renters use about 1% less of their income to cover rent expense. Household income figures for ZIP Code 45402 come in lower than in Ohio as a whole. The median annual household income in ZIP Code 45402 of $26,550 sits approximately 53% lower than the overall Ohio median income of $56,602 and approximately 58% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 45402

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 45402, 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 45402 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 45402

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

Rent Cost as % of Income ZIP 45402 Ohio U.S.
Less than 15.0 percent 15.4% 15.9% 13.1%
15.0 to 19.9 percent 8.2% 14.5% 12.9%
20.0 to 24.9 percent 7.8% 13.0% 12.9%
25.0 to 29.9 percent 20.4% 11.7% 11.6%
30.0 to 34.9 percent 13.4% 8.4% 9.1%
35.0 percent or more 34.7% 36.4% 40.5%

Household Income in ZIP Code 45402

See the table below for the regional comparison of annual household income in ZIP Code 45402.

Income ZIP 45402 Ohio U.S.
Less than $10,000 23.5% 6.8% 6.0%
$10,000 to $14,999 8.7% 4.6% 4.3%
$15,000 to $24,999 15.1% 9.9% 8.9%
$25,000 to $34,999 12.2% 9.8% 8.9%
$35,000 to $49,999 11.0% 13.4% 12.3%
$50,000 to $74,999 12.1% 18.3% 17.2%
$75,000 to $99,999 8.6% 13.0% 12.7%
$100,000 to $149,999 5.3% 14.1% 15.1%
$150,000 to $199,999 2.4% 5.3% 6.8%
$200,000 or more 1.2% 4.9% 7.7%

Household Income in ZIP Code 45402

See the chart below for a comparison of annual household income figures in ZIP Code 45402, Ohio, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 45402 alongside the same figures for the state of Ohio and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 45402

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 45402.

ZIP 45402 Ohio U.S.
Median Housing Rent $684 $808 $1,062
Renter-Occupied Housing Units 67.2% 33.9% 36.0%
Rental Vacancy Rate 5.7% 5.3% 6.0%
Average Size of Renter-Occupied Unit 1.86 2.23 2.49
Average # of Bedrooms Per Unit 2.22 2.78 2.75
Percent of Income Spent on Rent 29.44% 28.47% 29.83%
Per Capita Income $21,397 $31,552 $34,103
Median Household Income $43,242 $76,958 $88,607
Living Below the Poverty Line 23.0% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 45402

In ZIP Code 45402 (Dayton, OH), and estimated 67.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.7%.

The per capita income in 45402 is estimated at $21,397, which goes along with an estimated median household income of $43,242. About 23.0% of residents in this Montgomery County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.86 occupants, while the units have an aggregate average size of 2.22 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.44% of their income on housing rental costs.

Rental FAQs for ZIP Code 45402

1

What is the median monthly rent in ZIP Code 45402?

Median rent for housing in ZIP Code 45402 in Montgomery County in Ohio is approximately $684 per month.
2

Is it expensive to rent in ZIP Code 45402?

Rent in ZIP Code 45402 is lower than average in the state of Ohio overall. The median monthly rent of $684 in ZIP Code 45402 is approximately 15% lower than the Ohio median of $808. Additionally, median rent in this Dayton, OH region ($684) is about 36% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 45402?

High-priced rentals are not common in the Dayton, OH ZIP Code of 45402, 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 45402?

Affordable rentals are more common in ZIP Code 45402 than in Ohio overall. The percentage of housing rentals in ZIP Code 45402 costing $999 or less per month (76.8%) is approximately 7% 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 68% lower than the previously mentioned 45402 rate of 76.8%.
5

What is the most common cost range that rentals fall into in ZIP Code 45402?

The most common range for rental cost in ZIP Code 45402 is between $500 and $999 per month. About 43.7% of renters in 45402 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 45402 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 45402 is higher than the rental vacancy rate in the state of Ohio overall. Rental vacancy of 5.7% in ZIP Code 45402 is about 8% higher than the Ohio rate of 5.3%. Looking more broadly, rental vacancy in this Dayton, OH region (5.7%) is an estimated 5% 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 45402? How does it compare to other Ohio regions?

Median household income in ZIP Code 45402 is lower than in the state of Ohio overall. Annual household income of $26,550 in ZIP Code 45402 is about 53% lower than the Ohio median of $56,602. Additionally, median household income in this Dayton, OH region ($26,550) is approximately 58% 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 45402 spend on housing costs?

Renters in ZIP Code 45402 spend a higher amount of their income on rent costs than do renters in Ohio overall. Renters in ZIP Code 45402 spend an estimated 29.44% of their income on rent payments, which is about 3% higher 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 1% higher than the ZIP Code 45402 estimated rate of 29.44%.
9

Do renters in ZIP Code 45402 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 45402 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 45402 spending 30 percent or more of their income on rent costs (48.1%) is approximately 7% higher 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 3% higher than the aforementioned 45402 rate of 48.1%.
10

What is the average household size of renter-occupied units in ZIP Code 45402?

The average household size of renter-occupied units in ZIP Code 45402 is lower than in the state of Ohio overall. Annual household size of 1.86 in ZIP Code 45402 is about 17% lower than the Ohio median of 2.23. Additionally, median household size in this Dayton, OH region (1.86) is approximately 25% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Ohio ZIP Codes