How much is a home worth in ZIP code 45204?

The typical home in 45204 is worth $126,604, based on the Zillow Home Value Index.

Are home values rising in 45204?

Home values in 45204 are up 1.5% over the past year, and up 4.2% a year over five years.

What is the typical rent in 45204?

A typical home in 45204 rents for about $1,283 a month, a gross rental yield of 12.2%.

What is the property tax rate in 45204?

The effective property tax rate in 45204 is 1.5% — roughly $1,870 a year on a typical home.

ZIP code 45204 has a population of 8,412 and a median household income of $31,236.

HousingHandbookReference data

…

U.S. ZIP Code · OH45204

Hamilton County · Cincinnati, OH-KY-IN

Typical home value

$126,604^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.5%
5-year / yr: +4.2%
10-year / yr: +10.5%

Relative price

vs U.S.: -55.4%
vs metro: -55.4%
vs state: -42.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 45204 is worth $126,604 — 55.4% below the Cincinnati, OH-KY-IN median. Over the past year, values have risen 1.5%. Homes here rent for a typical $1,283 a month — a 12.2% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,283^[2]
Gross yield: 12.2%^[2]
Cap rate: 7.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.5%^[3]
Typical annual tax: $1,870^[3]

#Climate risk

FEMA National Risk Index ratings for Hamilton County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively High
Hurricane: Very Low
Tornado: Very High
Earthquake: Relatively Moderate
Winter weather: Relatively High

#Who lives here

Population: 8,412^[3]
Median household income: $31,236^[3]

#Migration

Household moves in and out of Hamilton County over a year, from IRS tax-return data.

Net migration: -1,903^[5]
Moved in: 18,761
Moved out: 20,664

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 4
Elementary: 3
Middle: 0
High: 0

IDEA Greater Cincinnati Inc
Elementary · Grades K–8 · IDEA Greater Cincinnati Inc
1,017 students
Oyler School
Other · Grades PK–12 · Cincinnati Public Schools
503 students
Rees E. Price Academy
Elementary · Grades PK–7 · Cincinnati Public Schools
470 students
Riverside Community School Inc. dba Riverside Academy
Elementary · Grades K–8 · Riverside Community School Inc. dba Riverside Academy
184 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield12.2%

Net yield (after ~40% expenses)7.3%

Annual rent$15,400

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$640

Loan principal$101,284

Down payment$25,321

Total interest paid$129,182

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.70

Monthly cost to own$902

Monthly rent$1,283

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 13th percentile^[1]
Rental yield: 99th percentile^[2]
Property tax: 80th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 45204?: The typical home in 45204 is worth $126,604, based on the Zillow Home Value Index.
Are home values rising in 45204?: Home values in 45204 are up 1.5% over the past year, and up 4.2% a year over five years.
What is the typical rent in 45204?: A typical home in 45204 rents for about $1,283 a month, a gross rental yield of 12.2%.
What is the property tax rate in 45204?: The effective property tax rate in 45204 is 1.5% — roughly $1,870 a year on a typical home.
Who lives in 45204?: ZIP code 45204 has a population of 8,412 and a median household income of $31,236.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

45225 vs 45204 →
Cincinnati, OH
Typical home
$118,383
Gross yield
13.7%
45001 vs 45204 →
Addyston, OH
Typical home
$137,948
Gross yield
—
45214
Cincinnati, OH
Typical home
$141,562
Gross yield
11.2%
45205
Cincinnati, OH
Typical home
$144,144
Gross yield
11.6%
41010
Corinth, KY
Typical home
$158,144
Gross yield
—
45216
Cincinnati, OH
Typical home
$162,811
Gross yield
—

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Pit ZIP 45204 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OH45204

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