How much is a home worth in ZIP code 45405?

The typical home in 45405 is worth $90,597, based on the Zillow Home Value Index.

Are home values rising in 45405?

Home values in 45405 are down 6.4% over the past year, and up 3.4% a year over five years.

What is the typical rent in 45405?

A typical home in 45405 rents for about $1,035 a month, a gross rental yield of 13.7%.

What is the property tax rate in 45405?

The effective property tax rate in 45405 is 1.5% — roughly $1,394 a year on a typical home.

ZIP code 45405 has a population of 18,955 and a median household income of $43,973.

HousingHandbookReference data

…

U.S. ZIP Code · OH45405

Montgomery County · Dayton-Kettering-Beavercreek, OH

Typical home value

$90,597^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -6.4%
5-year / yr: +3.4%
10-year / yr: +10.8%

Relative price

vs U.S.: -68.1%
vs metro: -63.1%
vs state: -58.6%

Price history

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

The typical home in 45405 is worth $90,597 — 63.1% below the Dayton-Kettering-Beavercreek, OH median. Over the past year, values have fallen 6.4%. Homes here rent for a typical $1,035 a month — a 13.7% 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: $1,035^[2]
Gross yield: 13.7%^[2]
Cap rate: 8.2%^[2]

#Property tax

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

Effective tax rate: 1.5%^[3]
Typical annual tax: $1,394^[3]

#Climate risk

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

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

#Who lives here

Population: 18,955^[3]
Median household income: $43,973^[3]

#Migration

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

Net migration: -392^[5]
Moved in: 12,762
Moved out: 13,154

Schools

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

Public schools: 5
Elementary: 3
Middle: 1
High: 1

DECA PREP
Elementary · Grades K–8 · DECA PREP
938 students
River's Edge Montessori Elementary School
Elementary · Grades PK–6 · Dayton City
500 students
Richard Allen Preparatory
Elementary · Grades K–8 · Richard Allen Preparatory
441 students
Edwin Joel Brown Middle School
Middle · Grades 7–8 · Dayton City
297 students
Gem City Career Prep High School
High · Grades 9–12 · Gem City Career Prep High School
123 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 yield13.7%

Net yield (after ~40% expenses)8.2%

Annual rent$12,419

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$458

Loan principal$72,478

Down payment$18,119

Total interest paid$92,441

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 ratio0.63

Monthly cost to own$650

Monthly rent$1,035

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: 0th percentile^[1]
Rental yield: 87th percentile^[2]
Property tax: 47th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 45405?: The typical home in 45405 is worth $90,597, based on the Zillow Home Value Index.
Are home values rising in 45405?: Home values in 45405 are down 6.4% over the past year, and up 3.4% a year over five years.
What is the typical rent in 45405?: A typical home in 45405 rents for about $1,035 a month, a gross rental yield of 13.7%.
What is the property tax rate in 45405?: The effective property tax rate in 45405 is 1.5% — roughly $1,394 a year on a typical home.
Who lives in 45405?: ZIP code 45405 has a population of 18,955 and a median household income of $43,973.

#Comparable ZIPs

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

45406 vs 45405 →
Dayton, OH
Typical home
$91,051
Gross yield
14.3%
45416 vs 45405 →
Trotwood, OH
Typical home
$96,510
Gross yield
15.2%
45404
Dayton, OH
Typical home
$105,223
Gross yield
12.0%
45417
Dayton, OH
Typical home
$75,489
Gross yield
17.4%
45402
Dayton, OH
Typical home
$74,194
Gross yield
21.6%
45403
Dayton, OH
Typical home
$107,214
Gross yield
11.5%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 45405 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OH45405

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