Zip codes with the fastest growing rent in Ohio

Written by:
March 25, 2021
realtor.com

Zip codes with the fastest growing rent in Ohio

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Ohio using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

Zip codes with the fastest growing rent in Ohio

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Ohio using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

#30. 45102 (Amelia)

- 1 year rent change: +2.5%
--- #10 fastest growing rent among zip codes in Cincinnati, OH metro
- 5 year rent change: +16.4%
- Typical rent: $1,376
--- 4.5% above typical rent in Cincinnati, OH metro

- Pictured (for rent): 15 Montgomery Way, Amelia 45102 ($900)

#29. 43201 (Columbus)

- 1 year rent change: +2.6%
--- #9 fastest growing rent among zip codes in Columbus, OH metro
- 5 year rent change: +14.1%
- Typical rent: $1,514
--- 12.1% above typical rent in Columbus, OH metro

- Pictured (for rent): 1525-1541 N High St, Columbus 43201 ($1,610)

#28. 45069 (West Chester)

- 1 year rent change: +2.7%
--- #9 fastest growing rent among zip codes in Cincinnati, OH metro
- 5 year rent change: +17.3%
- Typical rent: $1,582
--- 20.1% above typical rent in Cincinnati, OH metro

- Pictured (for rent): 6120 Village Center Ave, West Chester 45069 ($1,973)

#27. 45013 (Hamilton)

- 1 year rent change: +3.3%
--- #8 fastest growing rent among zip codes in Cincinnati, OH metro
- 5 year rent change: +19.4%
- Typical rent: $1,157
--- 12.1% less than typical rent in Cincinnati, OH metro

- Pictured (for rent): 1344 Carriage Hill Ln, Hamilton 45013 ($960)

#26. 43026 (Hilliard)

- 1 year rent change: +3.3%
--- #8 fastest growing rent among zip codes in Columbus, OH metro
- 5 year rent change: +16.2%
- Typical rent: $1,575
--- 16.6% above typical rent in Columbus, OH metro

- Pictured (for rent): 4890 Edwards Farm Rd, Hilliard 43026 ($2,135)

#25. 43224 (Columbus)

- 1 year rent change: +3.7%
--- #7 fastest growing rent among zip codes in Columbus, OH metro
- 5 year rent change: +20.9%
- Typical rent: $1,071
--- 20.7% less than typical rent in Columbus, OH metro

- Pictured (for rent): 3170 Cleveland Ave, Columbus 43224 ($750)

#24. 45220 (Cincinnati)

- 1 year rent change: +4.0%
--- #7 fastest growing rent among zip codes in Cincinnati, OH metro
- 5 year rent change: +23.9%
- Typical rent: $1,017
--- 22.8% less than typical rent in Cincinnati, OH metro

- Pictured (for rent): 3245 Bishop St, Cincinnati 45220 ($2,195)

#23. 43206 (Columbus)

- 1 year rent change: +4.1%
--- #6 fastest growing rent among zip codes in Columbus, OH metro
- 5 year rent change: +34.5%
- Typical rent: $1,353
--- 0.1% above typical rent in Columbus, OH metro

- Pictured (for rent): 100 Frankfort Sq, Columbus 43206 ($1,535)

#22. 43235 (Columbus)

- 1 year rent change: +4.8%
--- #5 fastest growing rent among zip codes in Columbus, OH metro
- 5 year rent change: +17.5%
- Typical rent: $1,345
--- 0.4% less than typical rent in Columbus, OH metro

- Pictured (for rent): 99 Antelope Way, Worthington 43235 ($1,249)

#21. 44122 (Beachwood)

- 1 year rent change: +5.0%
--- #7 fastest growing rent among zip codes in Cleveland, OH metro
- 5 year rent change: +4.0%
- Typical rent: $1,888
--- 58.3% above typical rent in Cleveland, OH metro

- Pictured (for rent): 3270-3363 Warrensville Center Rd, Shaker Heights 44122 ($1,450)

#20. 45040 (Mason)

- 1 year rent change: +5.1%
--- #6 fastest growing rent among zip codes in Cincinnati, OH metro
- 5 year rent change: +18.6%
- Typical rent: $1,798
--- 36.5% above typical rent in Cincinnati, OH metro

- Pictured (for rent): 9295 One Deerfield Pl, Mason 45040 ($2,285)

#19. 44118 (Cleveland)

- 1 year rent change: +5.2%
--- #6 fastest growing rent among zip codes in Cleveland, OH metro
- 5 year rent change: +13.5%
- Typical rent: $1,245
--- 4.4% above typical rent in Cleveland, OH metro

- Pictured (for rent): 3219 Meadowbrook Blvd, Cleveland Heights 44118 ($995)

#18. 45219 (Cincinnati)

- 1 year rent change: +5.2%
--- #5 fastest growing rent among zip codes in Cincinnati, OH metro
- 5 year rent change: +38.6%
- Typical rent: $1,414
--- 7.4% above typical rent in Cincinnati, OH metro

- Pictured (for rent): 2515 Burnet Ave, Cincinnati 45219 ($1,025)

#17. 44035 (Elyria)

- 1 year rent change: +5.5%
--- #5 fastest growing rent among zip codes in Cleveland, OH metro
- 5 year rent change: +18.3%
- Typical rent: $771
--- 35.4% less than typical rent in Cleveland, OH metro

- Pictured (for rent): 100 Hunters Crossing Dr, Elyria 44035 ($1,065)

#16. 43609 (Toledo)

- 1 year rent change: +5.5%
--- #2 fastest growing rent among zip codes in Toledo, OH metro
- 5 year rent change: +20.7%
- Typical rent: $822
--- 13.8% less than typical rent in Toledo, OH metro

- Pictured (for rent): 3406 Gibralter Heights Dr, Toledo 43609 ($721)

#15. 43221 (Columbus)

- 1 year rent change: +5.8%
--- #4 fastest growing rent among zip codes in Columbus, OH metro
- 5 year rent change: +19.2%
- Typical rent: $1,518
--- 12.4% above typical rent in Columbus, OH metro

- Pictured (for rent): 4020 Cyber Ave, Columbus 43221 ($2,075)

#14. 45324 (Fairborn)

- 1 year rent change: +5.9%
--- #4 fastest growing rent among zip codes in Dayton, OH metro
- 5 year rent change: +24.3%
- Typical rent: $973
--- 8.7% less than typical rent in Dayton, OH metro

- Pictured (for rent): 49 W Whittier Ave, Fairborn 45324 ($945)

#13. 43612 (Toledo)

- 1 year rent change: +6.1%
--- #1 fastest growing rent among zip codes in Toledo, OH metro
- 5 year rent change: +19.5%
- Typical rent: $858
--- 10.1% less than typical rent in Toledo, OH metro

- Pictured (for rent): 1270 Slater St, Toledo 43612 ($975)

#12. 43017 (Dublin)

- 1 year rent change: +6.1%
--- #3 fastest growing rent among zip codes in Columbus, OH metro
- 5 year rent change: +22.7%
- Typical rent: $1,546
--- 14.4% above typical rent in Columbus, OH metro

- Pictured (for rent): 6180 Riverside Dr, Dublin 43017 ($1,200)

#11. 44107 (Lakewood)

- 1 year rent change: +6.5%
--- #4 fastest growing rent among zip codes in Cleveland, OH metro
- 5 year rent change: +23.1%
- Typical rent: $1,139
--- 4.5% less than typical rent in Cleveland, OH metro

- Pictured (for rent): 14530 Clifton Blvd, Lakewood 44107 ($885)

#10. 45011 (Hamilton)

- 1 year rent change: +7.1%
--- #2 fastest growing rent among zip codes in Cincinnati, OH metro
- 5 year rent change: +25.1%
- Typical rent: $1,426
--- 8.3% above typical rent in Cincinnati, OH metro

- Pictured (for rent): 7895 Shadow Creek Dr, Hamilton 45011 ($1,335)

#9. 45212 (Cincinnati)

- 1 year rent change: +7.2%
--- #1 fastest growing rent among zip codes in Cincinnati, OH metro
- 5 year rent change: +33.6%
- Typical rent: $971
--- 26.3% less than typical rent in Cincinnati, OH metro

- Pictured (for rent): 2587 Fernview Ct, Cincinnati 45212 ($949)

#8. 44102 (Cleveland)

- 1 year rent change: +7.3%
--- #3 fastest growing rent among zip codes in Cleveland, OH metro
- 5 year rent change: +23.5%
- Typical rent: $998
--- 16.3% less than typical rent in Cleveland, OH metro

- Pictured (for rent): 6060 Father Caruso Dr, Cleveland 44102 ($2,019)

#7. 43204 (Columbus)

- 1 year rent change: +7.8%
--- #2 fastest growing rent among zip codes in Columbus, OH metro
- 5 year rent change: +30.4%
- Typical rent: $948
--- 29.8% less than typical rent in Columbus, OH metro

- Pictured (for rent): 169 N Wilson Rd, Columbus 43204 ($650)

#6. 45406 (Dayton)

- 1 year rent change: +7.9%
--- #3 fastest growing rent among zip codes in Dayton, OH metro
- 5 year rent change: +29.0%
- Typical rent: $739
--- 30.7% less than typical rent in Dayton, OH metro

- Pictured (for rent): 39 Central Ave, Dayton 45406 ($582)

#5. 45417 (Dayton)

- 1 year rent change: +8.8%
--- #2 fastest growing rent among zip codes in Dayton, OH metro
- 5 year rent change: +26.9%
- Typical rent: $770
--- 27.8% less than typical rent in Dayton, OH metro

- Pictured (for rent): 1642 Hopewell Ave, Dayton 45417 ($1,025)

#4. 45342 (Miamisburg)

- 1 year rent change: +9.3%
--- #1 fastest growing rent among zip codes in Dayton, OH metro
- 5 year rent change: +39.7%
- Typical rent: $1,259
--- 18.1% above typical rent in Dayton, OH metro

- Pictured (for rent): 8892 Fox Glove Way, Miamisburg 45342 ($1,275)

#3. 43232 (Columbus)

- 1 year rent change: +9.9%
--- #1 fastest growing rent among zip codes in Columbus, OH metro
- 5 year rent change: +33.9%
- Typical rent: $1,134
--- 16.1% less than typical rent in Columbus, OH metro

- Pictured (for rent): 5680 Hibernia Dr, Columbus 43232 ($1,053)

#2. 44134 (Cleveland)

- 1 year rent change: +10.4%
--- #2 fastest growing rent among zip codes in Cleveland, OH metro
- 5 year rent change: +21.1%
- Typical rent: $1,050
--- 12.0% less than typical rent in Cleveland, OH metro

- Pictured (for rent): 1150 Omalley Dr, Parma 44134 ($1,400)

#1. 44052 (Lorain)

- 1 year rent change: +10.6%
--- #1 fastest growing rent among zip codes in Cleveland, OH metro
- 5 year rent change: +27.4%
- Typical rent: $730
--- 38.8% less than typical rent in Cleveland, OH metro

- Pictured (for rent): 1017 W 18th St, Lorain 44052 ($900)

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