Rental numbers for Warren County, OH
The typical home here runs -$1,355 a month at 7.78% with 25% down. 0 of 7 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.5%.
- Gross yield
- 5.7%
- typical home, Zillow
- Median ZIP yield
- 5.5%
- 7 ZIPs with full data
- Cash flow
- -$1,355/mo
- at 7.78%, 25% down
- Typical price
- $408,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,952/mo
- Zillow ZORI, Aug 2026
ZIP codes in Warren County
12 with published figures
| 45152Morrow | $399,000 | $2,582 | 7.8% | 4.2% | -$747 | n/a |
| 45032Harveysburg | $221,000 | $1,200* | 6.5% | 3.2% | -$606 | n/a |
| 45065South Lebanon | $370,000 | $1,940 | 6.3% | 2.8% | -$1,126 | n/a |
| 45162Pleasant Plain | $329,000 | $1,540* | 5.6% | 2.4% | -$1,108 | n/a |
| 45039Maineville | $396,000 | $1,843 | 5.6% | 2.2% | -$1,404 | +1.7% |
| 45005Franklin | $276,000 | $1,278 | 5.5% | 2.2% | -$980 | +6.8% |
| 45036Lebanon | $410,000 | $1,872 | 5.5% | 2.3% | -$1,417 | +3.5% |
| 45034Kings Mills | $434,000 | $1,910* | 5.3% | 1.8% | -$1,671 | n/a |
| 45066Springboro | $434,000 | $1,878 | 5.2% | 2.1% | -$1,588 | n/a |
| 45040Mason | $503,000 | $2,162 | 5.2% | 2.0% | -$1,874 | +1.9% |
| 45068Waynesville | $453,000 | $1,630* | 4.3% | 1.3% | -$1,950 | n/a |
| 45054Oregonia | $476,000 | $1,440* | 3.6% | 0.9% | -$2,192 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.5%
- Rent, 12 months
- +3.1%
- Rent minus price growth
- +1.6 pts
- Property tax
- 1.20%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $322,096 | $1,490 |
| Aug 2022 | $361,789 | $1,666 |
| Aug 2023 | $375,569 | $1,730 |
| Aug 2024 | $390,592 | $1,829 |
| Aug 2025 | $402,483 | $1,894 |
| Aug 2026 | $408,374 | $1,952 |
HUD Fair Market Rent
FY2027, Cincinnati, OH-KY-IN HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,052 | $1,128 | $1,442 | $1,897 | $2,141 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 16.1
- 1,477 units, last 12 months
- National percentile
- 85th
- among US counties
Tools
Test a listing in Warren County against today's rate.
Open the calculatorPart of the Cincinnati, OH metro.
Questions
- Is Warren County good for rental property?
- The typical home here runs -$1,355 a month at 7.78% with 25% down. 0 of 7 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.5%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Warren County?
- About 1.20% of value, from Census ACS median taxes paid over median home value. On a $408,000 home that is about $4,909 a year.
- What is Fair Market Rent in Warren County?
- HUD's FY2027 Fair Market Rent here is $1,128 for a 1-bedroom, $1,442 for a 2-bedroom and $1,897 for a 3-bedroom. Typical cash flow at today's rate is -$1,355 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.