How much is a home worth in ZIP code 45420?

The typical home in 45420 is worth $170,081, based on the Zillow Home Value Index.

Are home values rising in 45420?

Home values in 45420 are up 4.4% over the past year, and up 6.7% a year over five years.

What is the typical rent in 45420?

A typical home in 45420 rents for about $1,237 a month, a gross rental yield of 8.7%.

What is the property tax rate in 45420?

The effective property tax rate in 45420 is 1.6% — roughly $2,715 a year on a typical home.

ZIP code 45420 has a population of 24,411 and a median household income of $60,588.

HousingHandbookReference data

…

U.S. ZIP Code · OH45420

Montgomery County · Dayton-Kettering-Beavercreek, OH

Typical home value

$170,081^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.4%
5-year / yr: +6.7%
10-year / yr: +8.9%

Relative price

vs U.S.: -40.1%
vs metro: -30.7%
vs state: -22.2%

Price history

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

The typical home in 45420 is worth $170,081 — 30.7% below the Dayton-Kettering-Beavercreek, OH median. Over the past year, values have risen 4.4%. Homes here rent for a typical $1,237 a month — a 8.7% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

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

Monthly rent: $1,237^[2]
Gross yield: 8.7%^[2]
Cap rate: 5.2%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $2,715^[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: 24,411^[3]
Median household income: $60,588^[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: 7
Elementary: 4
Middle: 1
High: 2

Belmont High School
High · Grades 7–12 · Dayton City
1,124 students
Kettering Middle School
Middle · Grades 6–8 · Kettering City School District
1,011 students
Dayton Regional STEM School
High · Grades 6–12 · Dayton Regional STEM School
772 students
Indian Riffle Elementary School
Elementary · Grades PK–5 · Kettering City School District
569 students
Cleveland Elementary School
Elementary · Grades PK–6 · Dayton City
355 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 yield8.7%

Net yield (after ~40% expenses)5.2%

Annual rent$14,838

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$860

Loan principal$136,065

Down payment$34,016

Total interest paid$173,543

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 ratio0.99

Monthly cost to own$1,229

Monthly rent$1,237

Owning and renting are roughly even.

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: 76th percentile^[1]
Rental yield: 60th percentile^[2]
Property tax: 59th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 45420?: The typical home in 45420 is worth $170,081, based on the Zillow Home Value Index.
Are home values rising in 45420?: Home values in 45420 are up 4.4% over the past year, and up 6.7% a year over five years.
What is the typical rent in 45420?: A typical home in 45420 rents for about $1,237 a month, a gross rental yield of 8.7%.
What is the property tax rate in 45420?: The effective property tax rate in 45420 is 1.6% — roughly $2,715 a year on a typical home.
Who lives in 45420?: ZIP code 45420 has a population of 24,411 and a median household income of $60,588.

#Comparable ZIPs

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

45426 vs 45420 →
Trotwood, OH
Typical home
$170,463
Gross yield
9.9%
45439 vs 45420 →
Moraine, OH
Typical home
$170,901
Gross yield
9.1%
45354
Phillipsburg, OH
Typical home
$161,848
Gross yield
—
45356
Piqua, OH
Typical home
$179,996
Gross yield
7.7%
45414
Dayton, OH
Typical home
$183,582
Gross yield
9.4%
45449
West Carrollton, OH
Typical home
$191,449
Gross yield
7.6%

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

Compare ZIPs

Pit ZIP 45420 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OH45420

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