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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +9.0% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +5.3% YoY, is the number to watch.
The median listing price is up 9.0% YoY while the median home got down 19.2% bigger, so value per square foot is up 15.2%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
Not shown: 5 BR (no price per sq ft reported).
At the median, a $202K purchase rents for $830/mo: 0.41% of price per month against the 1% rule's 1.00%.
Sales here take about 5 days longer to go under contract than rentals.
Not shown: Apartment (rented here, not sold), Multi-Family (sold here, not rented).
U.S. Census ACS characteristics for ZIP 45232 itself, not its parent county.
Renters hold 78.7% of this ZIP's 2,975 occupied households, on a median household income of $28K.
| Measure | ZIP 45232 | Hamilton County | Difference |
|---|---|---|---|
| Median Household Income | $28K | $72K | -$44K |
| Below Poverty Level | 40.4% | 15.0% | +25.4% |
| Median Age | 28.30 | 36.90 | -8.60 |
| Total Population | 6,363 | 830,774 | -- |
| Avg Household Size | 2.14 | 2.29 | -0.15 |
| Owner-Occupied | 21.3% | 59.3% | -38.0% |
| Worked From Home | 7.8% | 15.3% | -7.5% |
| Mean Commute | 26.80 | 22.80 | +4.00 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.3% to 830,774: residents under 18 are down 0.2% and those 65 and over are up 2.7%.
County median household income is $72K, 15.0% of residents are below the poverty level, 15.3% work from home.