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A tight-supply, appreciation-lean market. The rent math runs thin; demand and tenant incomes are the story.
What would change this read: a price correction (median already −5.2% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −4.3% YoY, is the number to watch.
The median listing price is down 5.2% YoY while the median home got down 11.3% bigger, so value per square foot is up 5.2%.
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.
At the median, a $625K purchase rents for $2,000/mo: 0.32% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 6 BR (sale only, no matching rent).
Sales here take about 19 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 46032 itself, not its parent county.
Renters hold 33.5% of this ZIP's 20,557 occupied households, on a median household income of $132K.
| Measure | ZIP 46032 | Hamilton County | Difference |
|---|---|---|---|
| Median Household Income | $132K | $122K | +$11K |
| Below Poverty Level | 4.9% | 4.4% | +0.5% |
| Median Age | 39.90 | 38.40 | +1.50 |
| Total Population | 51,515 | 365,056 | -- |
| Avg Household Size | 2.49 | 2.64 | -0.15 |
| Owner-Occupied | 66.5% | 76.1% | -9.6% |
| Worked From Home | 27.4% | 23.3% | +4.1% |
| Mean Commute | 23.80 | 25.90 | -2.10 |
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 2.2% to 365,056: residents under 18 are up 0.3% and those 65 and over are up 5.6%.
County median household income is $122K, 4.4% of residents are below the poverty level, 23.3% work from home.