Ohio’s Priciest Postcodes: A Deep Dive into the Buckeye State’s Most Affluent Enclaves
Ohio, a state with a rich industrial heritage and a history of housing some of America’s wealthiest families, has experienced population fluctuations in recent decades. However, pockets of prosperity continue to thrive, as evidenced by the state’s most expensive ZIP codes. These affluent areas, ranging from leafy suburbs of major cities to secluded, scenic retreats, offer a glimpse into the state’s high-end real estate market. This report, based on Zillow’s Home Value Index and the Census Bureau’s 2023 American Community Survey, explores the top 25 most expensive ZIP codes in Ohio, highlighting the factors driving their exclusivity and the impressive growth in home values they’ve witnessed.
Terrace Park and Madeira: Cincinnati’s Crown Jewels of Luxury Living
Leading the pack is ZIP code 45174, encompassing the picturesque village of Terrace Park, nestled along the Little Miami River east of Cincinnati. This affluent suburb boasts a median household income of $205,795, significantly surpassing both state and national averages. More than half of households in this exclusive enclave earn $200,000 or more annually, contributing to the area’s prestigious image. Home values in 45174 have experienced remarkable growth, soaring nearly 50% over the past five years, reaching a median of $697,333 in December 2024. The neighboring ZIP code 45243, encompassing Madeira and Indian Hill, secures the second spot on the list. With a median household income of $170,006 and an average household income exceeding $286,000, this area also attracts high-income earners. Home values in 45243 mirrored the impressive growth seen in Terrace Park, appreciating by 44.7% over five years to reach a median of $673,777.
Gates Mills and Galena: Exclusive Havens Near Cleveland and Columbus
East of Cleveland, ZIP code 44040, centered on the scenic village of Gates Mills, claims the third position. Known for its spacious properties and affluent residents, Gates Mills is home to a substantial percentage of households earning $200,000 or more annually. The median household income stands at $166,579, while the average household income climbs to a remarkable $284,077. Similar to the top two ZIP codes, Gates Mills has experienced significant home value appreciation, with a 42.2% increase over five years, reaching a median value of $660,432. Shifting to central Ohio, ZIP code 43021, encompassing Galena north of Columbus, takes the fourth spot. Situated near Alum Creek Lake and the Hoover Reservoir, this area offers a blend of natural beauty and convenient access to urban amenities. With a median household income of $160,120 and an average income of $206,810, Galena attracts affluent residents seeking a suburban lifestyle. Home values in 43021 have risen by an impressive 46.3% over five years, reaching a median of $604,966.
Hyde Park: Urban Luxury within Cincinnati’s City Limits
Rounding out the top five is ZIP code 45208, located within Cincinnati proper and primarily encompassing the upscale Hyde Park neighborhood. While still boasting a high median household income of $133,213 and an average income of $186,519, this ZIP code exhibits slightly less dramatic home value growth compared to its suburban counterparts. Nevertheless, home values in Hyde Park have appreciated by a respectable 37.4% over the past five years, reaching a median of $569,884 in December 2024. This demonstrates the continuing appeal of urban luxury living within Cincinnati’s desirable neighborhoods.
Factors Driving Ohio’s High-End Housing Market
The consistent theme across Ohio’s most expensive ZIP codes is high household income, driving demand for luxury properties and contributing to substantial home value appreciation. Factors such as proximity to major urban centers, access to top-rated schools, scenic landscapes, and a sense of exclusivity further enhance the desirability of these areas. While Ohio’s overall population trends may fluctuate, the demand for high-end housing in these select locations remains robust, solidifying their position as the Buckeye State’s most affluent enclaves.
Future Outlook for Ohio’s Luxury Real Estate
The strong performance of Ohio’s most expensive ZIP codes suggests a continued upward trajectory for the state’s luxury real estate market. As long as household incomes remain high and the desire for exclusive living persists, these areas are likely to maintain their premium status. However, factors such as economic fluctuations, interest rate changes, and inventory levels could influence future growth. Continued monitoring of these indicators will be crucial for understanding the evolving dynamics of Ohio’s high-end housing market. The data presented in this report provides valuable insights for both current residents and prospective buyers seeking to invest in Ohio’s most desirable communities.
