How much is a home worth in ZIP code 45206?

The typical home in 45206 is worth $262,137, based on the Zillow Home Value Index.

Are home values rising in 45206?

Home values in 45206 are down 3.2% over the past year, and up 2.2% a year over five years.

What is the typical rent in 45206?

A typical home in 45206 rents for about $1,609 a month, a gross rental yield of 7.4%.

What is the property tax rate in 45206?

The effective property tax rate in 45206 is 1.7% — roughly $4,416 a year on a typical home.

ZIP code 45206 has a population of 10,299 and a median household income of $62,648.

HousingHandbookReference data

…

U.S. ZIP Code · OH45206

Hamilton County · Cincinnati, OH-KY-IN

Typical home value

$262,137^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.2%
5-year / yr: +2.2%
10-year / yr: +4.8%

Relative price

vs U.S.: -7.7%
vs metro: -7.7%
vs state: +19.9%

Price history

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

The typical home in 45206 is worth $262,137 — 7.7% below the Cincinnati, OH-KY-IN median. Over the past year, values have fallen 3.2%. Homes here rent for a typical $1,609 a month — a 7.4% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent: $1,609^[2]
Gross yield: 7.4%^[2]
Cap rate: 4.4%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $4,416^[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: 10,299^[3]
Median household income: $62,648^[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: 6
Elementary: 2
Middle: 0
High: 3

Dohn Community
High · Grades 9–12 · Dohn Community
1,675 students
Spencer Center for Gifted and Exceptional Students
Other · Grades 3–12 · Cincinnati Public Schools
336 students
Frederick Douglass School
Elementary · Grades PK–6 · Cincinnati Public Schools
247 students
Priority High School
High · Grades 7–12 · Priority High School
170 students
Dampe Community School
Elementary · Grades K–6 · Dampe Community School
102 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 yield7.4%

Net yield (after ~40% expenses)4.4%

Annual rent$19,310

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$1,326

Loan principal$209,710

Down payment$52,427

Total interest paid$267,473

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 ratio1.19

Monthly cost to own$1,911

Monthly rent$1,609

Renting 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: 3rd percentile^[1]
Rental yield: 72nd percentile^[2]
Property tax: 95th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 45206?: The typical home in 45206 is worth $262,137, based on the Zillow Home Value Index.
Are home values rising in 45206?: Home values in 45206 are down 3.2% over the past year, and up 2.2% a year over five years.
What is the typical rent in 45206?: A typical home in 45206 rents for about $1,609 a month, a gross rental yield of 7.4%.
What is the property tax rate in 45206?: The effective property tax rate in 45206 is 1.7% — roughly $4,416 a year on a typical home.
Who lives in 45206?: ZIP code 45206 has a population of 10,299 and a median household income of $62,648.

#Comparable ZIPs

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

45106 vs 45206 →
Bethel, OH
Typical home
$261,708
Gross yield
—
45044 vs 45206 →
Middletown, OH
Typical home
$262,640
Gross yield
7.3%
47040
Rising Sun, IN
Typical home
$259,648
Gross yield
—
41033
KY
Typical home
$265,858
Gross yield
—
45248
Mack CDP, OH
Typical home
$258,280
Gross yield
7.8%
45153
Moscow, OH
Typical home
$266,945
Gross yield
—

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#Jump to section

U.S. ZIP Code · OH45206

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