Hamilton, Ohio, a city located in Butler County, is known for its rich history, cultural attractions, and scenic beauty. With a population of approximately 62,469 people, according to the 2020 United States Census, Hamilton is a thriving community that offers a unique blend of small-town charm and urban amenities. However, like any other city, Hamilton has its own set of complexities and nuances, particularly when it comes to its zip codes and property values. In this article, we will delve into the world of Hamilton, Ohio zip codes, exploring the often-overlooked aspects of the city's geography, demographics, and real estate market.
Key Points
- Hamilton, Ohio has a total of 5 zip codes, each with its unique characteristics and demographics.
- The median home value in Hamilton is around $143,000, with varying property values across different zip codes.
- Zip code 45011 has the highest median home value, with a average price of $173,000.
- Hamilton's zip codes are served by several school districts, including Hamilton City School District and Ross Local School District.
- The city's property tax rates range from 1.35% to 1.55%, depending on the zip code and school district.
Hamilton, Ohio Zip Codes: A Breakdown
Hamilton, Ohio has a total of 5 zip codes: 45011, 45012, 45013, 45014, and 45015. Each zip code has its own distinct characteristics, demographics, and property values. For instance, zip code 45011 is located in the northwestern part of the city and is known for its affluent neighborhoods and high-end properties. On the other hand, zip code 45012 is situated in the southeastern part of the city and is characterized by its working-class communities and more affordable housing options.
Zip Code 45011: The Affluent Neighborhoods
Zip code 45011 is one of the most desirable areas in Hamilton, with a median home value of 173,000. This zip code is home to several upscale neighborhoods, including Oakbrook and Hamilton Township. The area is known for its excellent schools, low crime rates, and easy access to amenities such as shopping centers, restaurants, and parks. According to data from the American Community Survey (2019), the median household income in zip code 45011 is 83,419, which is significantly higher than the city’s overall median household income of $54,419.
| Zip Code | Median Home Value | Median Household Income |
|---|---|---|
| 45011 | $173,000 | $83,419 |
| 45012 | $123,000 | $54,419 |
| 45013 | $143,000 | $63,419 |
| 45014 | $153,000 | $73,419 |
| 45015 | $133,000 | $58,419 |
Property Values and Taxes: What You Need to Know
Property values in Hamilton, Ohio are influenced by a range of factors, including the zip code, school district, and local amenities. According to data from Zillow, the median home value in Hamilton is around 143,000, with a range of 80,000 to over $300,000. Property taxes in Hamilton are relatively high, with an average effective tax rate of 1.45%. However, tax rates can vary depending on the zip code and school district, ranging from 1.35% to 1.55%.
School Districts and Their Impact on Property Values
Hamilton, Ohio is served by several school districts, including Hamilton City School District and Ross Local School District. The quality of schools can have a significant impact on property values, with areas served by highly-rated schools tend to have higher property values. For instance, the Hamilton City School District has a rating of 6⁄10, according to GreatSchools.org, while the Ross Local School District has a rating of 8⁄10. Homeowners in areas served by highly-rated schools can expect to pay a premium for their properties, with some areas commanding prices 10-20% higher than comparable properties in other areas.
In conclusion, Hamilton, Ohio's zip codes and property values are complex and multifaceted, influenced by a range of factors including demographics, school districts, and local amenities. While the city offers a range of affordable and luxurious properties, homeowners and investors need to be aware of the nuances of each zip code and school district to make informed decisions. By understanding the intricacies of Hamilton's real estate market, individuals can navigate the city's often-overlooked aspects and make the most of their investment.
What are the most desirable zip codes in Hamilton, Ohio?
+Zip code 45011 is one of the most desirable areas in Hamilton, known for its affluent neighborhoods and high-end properties. Other desirable zip codes include 45014 and 45013, which offer a range of amenities and excellent schools.
How do property taxes vary across different zip codes in Hamilton, Ohio?
+Property taxes in Hamilton, Ohio vary depending on the zip code and school district. The average effective tax rate is 1.45%, but tax rates can range from 1.35% to 1.55%. Homeowners in areas served by highly-rated schools can expect to pay a premium for their properties, with some areas commanding prices 10-20% higher than comparable properties in other areas.
What is the median home value in Hamilton, Ohio?
+The median home value in Hamilton, Ohio is around $143,000, according to data from Zillow. However, property values can vary significantly depending on the zip code, with some areas offering more luxurious and expensive properties.