Cincinnati appreciation rates and housing market information

Cincinnati housing market information

With 330,662 people, 165,945 houses or apartments, and a median cost of homes of $138,917, house prices in Cincinnati are solidly below the national average.

large apartment complexes or high rise apartments are the single most common housing type in Cincinnati, accounting for 36.71% of the city's housing units. Other types of housing that are prevalent in Cincinnati include single-family detached homes (35.92%), duplexes, homes converted to apartments, or other small apartment buildings (23.93%), and a few row houses and other attached homes (3.31%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Cincinnati primarily live in small (one, two, or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Cincinnati has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cincinnati's housing was primarily built during this period, from the '40s through the '60s. A full 43.46% of the city's housing hails from this era. Other housing ages represented in Cincinnati include homes built between 1939 and earlier (40.01%), and housing constructed from 1970-1994 (15.21%). There's also some housing in Cincinnati built between 1995 and later (1.32%).

Vacant housing appears to be an issue in Cincinnati. Fully 10.82% 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

Some of the lowest real estate appreciation rates in America over the last ten years have been in Cincinnati, where house values have increased just 38.61%, which is an average annual increase of 3.86%. NeighborhoodScout's data show that in the latest quarter, Cincinnati house values appreciated 1.22%, which is an annualized rate of 4.88%. This rate is lower than the appreciation rate found in 30% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Cincinnati home appreciation rates, at -0.26%, have been at or slightly above the national average. In the latest quarter, Cincinnati's appreciation rate has been 1.22%, which annualizes to a rate of 4.88%.

Relative to Ohio, our data show that Cincinnati's latest annual appreciation rate is higher than 27% 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 1990, to assist you in making the best Cincinnati real estate investment or home purchase decisions.