ZIP 45240 - 860Z200US45240 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 45240 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area. Located in the Cincinnati metro region, ZIP 45240 encompasses a diverse community of nearly 30,000 residents. With data from 2023, we’ll break down population trends, household income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in understanding this vibrant area.

Population & Households

ZIP 45240 is home to a population of 29,453 individuals as of 2023. This sizable community is spread across 11,302 households, indicating a mix of family and individual living arrangements. The total number of housing units in the area stands at 11,485, suggesting a slight surplus of available homes relative to occupied households. This could point to opportunities for buyers or renters looking for options in this market. The population density and household distribution make ZIP 45240 a dynamic area with a strong residential base, ideal for those seeking a well-established community.

Income & Housing Costs

Financial metrics are critical when evaluating any area, and ZIP 45240 offers a solid economic foundation. The median household income here is $66,918, reflecting a moderate earning capacity that supports a comfortable lifestyle for many residents. Housing costs align with this income level, with a median house value of $176,600—potentially attractive for first-time buyers or investors seeking affordable entry points. For renters, the median rent is $1,187 per month, which is reasonable compared to larger urban centers. These figures suggest that ZIP 45240 strikes a balance between affordability and quality of living, making it a practical choice for various budgets.

Race & Ethnicity

One of the standout features of ZIP 45240 is its diverse population, which enriches the cultural fabric of the community. The racial composition in 2023 breaks down as follows: 58.55% Black, 24.85% White, 8.48% Hispanic, and 3.66% Asian, with the remainder comprising other or mixed-race groups. This diversity creates a welcoming environment for residents and businesses alike, fostering a multicultural atmosphere. For those prioritizing inclusivity or targeting specific demographic markets, ZIP 45240 offers a unique blend of backgrounds and perspectives.

Key Facts

• Total population in ZIP 45240: 29,453 residents as of 2023.
• Total households: 11,302, supporting a mix of family and individual living.
• Total housing units: 11,485, indicating potential availability for new occupants.
• Median household income: $66,918, reflecting moderate economic stability.
• Median house value: $176,600, an accessible price point for many buyers.
• Median rent: $1,187 per month, offering reasonable rental options.
• Racial diversity: Predominantly Black (58.55%), with significant White (24.85%) and Hispanic (8.48%) populations.

What This Means for You

For homebuyers, ZIP 45240 presents an affordable entry into homeownership with a median house value of $176,600, well below many national averages. The slight surplus of housing units (11,485 total vs. 11,302 households) could mean less competition for available properties. Investors and real estate agents will find value in the area’s moderate pricing and diverse demographic base, which supports rental demand at a median rate of $1,187—potentially yielding steady returns. Small-business owners can leverage the cultural diversity and population of nearly 30,000 to target a broad customer base, especially in industries like retail or services that thrive in varied communities. Analysts can use these metrics to benchmark ZIP 45240 against neighboring areas, identifying trends in affordability and growth potential. Whatever your goals, this data equips you to act with confidence.

Run This Study Yourself

• Visit ZipcodeGPT to access powerful tools for demographic and housing analysis tailored to any ZIP code.
• Enter ZIP 45240 or any other area of interest to generate a detailed report with the latest data.
• Use the insights to inform your homebuying, investment, or business decisions with ease and precision.