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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Cincinnati, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cincinnati, OH Housing Market Trends

With a population of 309,513, 141,033 total housing units (homes and apartments), and a median house value of $250,951, Cincinnati real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Cincinnati, accounting for 38.72% of the city's housing units. Other types of housing that are prevalent in Cincinnati include large apartment complexes or high rise apartments ( 35.59%), duplexes, homes converted to apartments or other small apartment buildings ( 20.24%), and a few row houses and other attached homes ( 5.22%).

People in Cincinnati primarily live in small (one, two or no bedroom) single-family detached homes. Cincinnati has a mixture of owner-occupied and renter-occupied housing.

The housing in Cincinnati was primarily built before 1939 ( 41.45%), making the housing stock in Cincinnati some of the oldest overall in America, although there is a range of ages of homes in Cincinnati. The next most important housing age is between 1940-1969 ( 30.73%), followed by between 1970-1999 ( 19.84%). There's also some housing in Cincinnati built between 2000 and later ( 7.98%).

Vacant housing appears to be an issue in Cincinnati. Fully 11.71% of the housing stock is classified as vacant. Left unchecked, vacant Cincinnati homes and apartments can be a drag on the real estate market, holding Cincinnati real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Cincinnati Home Appreciation Rates

Appreciation rates for homes in Cincinnati have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.03%, which ranks in the top 30% nationwide. This equates to an annual average Cincinnati house appreciation rate of 7.23%.

NeighborhoodScout's data show that during the latest twelve months, Cincinnati's appreciation rate, at 6.60%, has been at or slightly above the national average. In the latest quarter, Cincinnati's appreciation rate has been 0.10%, which annualizes to a rate of 0.40%.

Relative to Ohio, our data show that Cincinnati's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cincinnati differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cincinnati - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cincinnati real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$250,951

Cincinnati, OH Home Prices
> $1,334,000
$1,001,001 - $1,334,000
$667,001 - $1,001,000
$534,001 - $667,000
$400,001 - $534,000
$267,001 - $400,000
$134,001 - $267,000
$67,001 - $134,000
$0 - $67,000
1.7%
1.7%
2.4%
2.4%
6.1%
6.1%
6.3%
6.3%
10.1%
10.1%
17.4%
17.4%
34.9%
34.9%
16.6%
16.6%
4.5%
4.5%
0% 100.0%
% of Homes
High

for Ohio

Average

for nation

Number of Homes And Apartments:

141,033

Cincinnati Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,373 / per month

Homeownership Rate

Owners
Renters
37.7%
37.7%
62.3%
62.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.7%
11.7%
88.3%
88.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.0%
8.0%
19.8%
19.8%
30.7%
30.7%
41.5%
41.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
38.7%
38.7%
5.2%
5.2%
20.2%
20.2%
35.6%
35.6%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.0%
4.0%
27.3%
27.3%
31.9%
31.9%
23.9%
23.9%
9.5%
9.5%
3.5%
3.5%
0% 100.0%
% of Homes