Cleveland, Ohio, downtown city skyline and harbor at twilight. The suburbs and lakefront of … [+]
Ohio’s population has declined over the last couple of decades, but the state was one of the original homes of the wealthy. In the Gilded Age of the late-1800s, captains of industry like John D. Rockefeller, Sylvester T. Everett, Mark Hanna — the businessman who ran William McKinley’s successful campaign in 1896 — and many more, had homes on Euclid Avenue’s Millionaire’s Row in Cleveland.
As part of an ongoing series, we’ve been analyzing ever state in the country in terms of what the most expensive ZIP codes are. Here, we’re determining the most expensive ones in Ohio. The most expensive ZIP codes here range from wealthy suburbs of major cities to more remote, scenic areas far from urban centers.
Read on to find out the most expensive ZIP codes in Ohio in 2024, based on the latest data from Zillow’s home value index.
The Most Expensive ZIP Codes In Ohio
We turned to data from Zillow’s home value index, as well as the Census Bureau’s 2023 American Community Survey, we analyzed thousands of ZIP codes across the U.S. as part of a general survey. From there, we focused our attention on Ohio. The Zillow home value index tracks (as of December 2024) the home values of 1,024 ZIP codes in Ohio. As part of our analysis, we took into consideration the latest monthly home values Zillow has — December 2024 — as well as the average of 12 months of median home values from January 2024 to December 2024.
Check out the 25 most expensive ZIP codes in Ohio.
The Top 5 Most Expensive ZIP Codes In Ohio
The No. 1 most expensive ZIP code in Ohio is 45174, which is centered on Terrace Park, east of Cincinnati. The Little Miami River forms the southern border of this ZIP code. This is a wealthy Cincinnati suburb and it can be seen in the incomes. More than half of households (51.5%) earn $200,000 or more a year. The median household income is far higher than both the national and Ohio median, at $205,795. The average household income is substantially higher, at $291,821. Both the one-year and five-year growth rates in home values in ZIP code 45174 are very impressive. In just one year, home values rose by 5.9%. And over the last five years, they rose by nearly 50%: From a median home value of $479,248 in December 2019 to $697,333 in December 2024.
The second most expensive ZIP code in Ohio is 45243. This ZIP code is right next to the No. 1 most expensive ZIP code, though much larger. It covers the towns of Madeira and Indian Hill. This is another affluent suburban area outside of Cincinnati. The median household income is really high, at $170,006. But the average household income is over $100,000 more, at $286,101. Slightly over two-fifths of households earn $200,000 or more. The median home value grew by 44.7%, from a median of $465,565 in December 2019 to $673,777 in December 2024. The one-year home value appreciation is also huge, at 6.6%, which equates to an increase of more than $40,000.
The third most expensive ZIP code in Ohio is east of Cleveland and is centered on Gates Mills — ZIP code 44040. This area is beautiful and has plenty of room for its beautiful houses. In ZIP code 44040, 46.1% of households earn at least $200,000 a year. The median household income is $166,579, but the mean household income is much, much higher, at $284,077. For families in this ZIP code, the average household income is $322,689. Over the last five years, the median home value grew by 42.2%, from $464,473 in December 2019 to $660,432 in December 2024. And over the last year, the median home value appreciated by 6%, equivalent to nearly $40,000.
The No. 4 most expensive ZIP code in Ohio is 43021, which is centered on Galena, north of downtown Columbus. The western portion of this ZIP code runs up against Alum Creek Lake, while the center of the ZIP code pivots on the north end of the Hoover Reservoir. Incomes here are high, with a median household income of $160,120 and a mean household income of $206,810. Home values in ZIP code 43021 also increased by more than two-fifths, as they did in the first three most expensive ZIP codes. From a median home value of $413,632 in December 2019, it rose by 46.3%, reaching its current value of $604,966.
The fifth most expensive ZIP code in Ohio is part of the city of Cincinnati proper, mainly centered on the neighborhood of Hyde Park, northeast of downtown Cincinnati. Just under one-third of households here earn $200,000 or more per year. The median household income is $133,213, while the average household income is $186,519. Home values rose considerably, though not as much as in the other most expensive ZIP codes. Back in December 2019, the median home value was $414,675, before rising by 37.4%, to reach $569,884 in December 2024.