HousingHandbookReference data

U.S. ZIP Code · IN47016

Franklin County · Cincinnati, OH-KY-IN

Typical home value

$317,198[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.9%
5-year / yr
10-year / yr

Relative price

vs U.S.
+11.7%
vs metro
+11.7%
vs state
+37.1%
ZIP 47016 location in IN
Location of ZIP 47016 in IN

Price history

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

The typical home in 47016 is worth $317,198 — 11.7% above the Cincinnati, OH-KY-IN median. Over the past year, values have risen 4.9%. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.5%[3]
Typical annual tax
$1,499[3]

#Climate risk

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

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

#Who lives here

Population
773[3]
Median household income
$69,880[3]

#Migration

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

Net migration
-80[5]
Moved in
509
Moved out
589

Schools

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

Public schools
1
Elementary
1
Middle
0
High
0
  • Mount Carmel School

    Elementary · Grades K–6 · Franklin County Community Sch Corp

    224 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$1,604
Loan principal$253,758
Down payment$63,440
Total interest paid$323,655

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.

Own : rent ratio
Monthly cost to own$1,992
Monthly rent

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
[1]
Rental yield
[2]
Property tax
0th percentile[3]

Frequently asked

How much is a home worth in ZIP code 47016?
The typical home in 47016 is worth $317,198, based on the Zillow Home Value Index.
Are home values rising in 47016?
Home values in 47016 are up 4.9% over the past year.
What is the property tax rate in 47016?
The effective property tax rate in 47016 is 0.5% — roughly $1,499 a year on a typical home.
Who lives in 47016?
ZIP code 47016 has a population of 773 and a median household income of $69,880.

#Comparable ZIPs

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

  • Cincinnati, OH

    Typical home
    $314,672
    Gross yield
    5.1%
  • Pleasant Plain, OH

    Typical home
    $321,511
    Gross yield
  • Harrison, OH

    Typical home
    $321,595
    Gross yield
    6.8%
  • Amelia CDP, OH

    Typical home
    $312,312
    Gross yield
    6.0%
  • Verona CDP, KY

    Typical home
    $323,339
    Gross yield
  • Crittenden, KY

    Typical home
    $309,452
    Gross yield

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