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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 302,605, 136,180 total housing units (homes and apartments), and a median house value of $147,804, house prices in Cincinnati are solidly below the national average.
Single-family detached homes are the single most common housing type in Cincinnati, accounting for 38.74% of the city's housing units. Other types of housing that are prevalent in Cincinnati include large apartment complexes or high rise apartments ( 35.32%), duplexes, homes converted to apartments or other small apartment buildings ( 21.17%), and a few row houses and other attached homes ( 4.67%).
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 ( 40.85%), 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 ( 35.29%), followed by between 1970-1999 ( 18.80%). There's also some housing in Cincinnati built between 2000 and later ( 5.07%).
Vacant housing appears to be an issue in Cincinnati. Fully 15.88% 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.
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 25.55%, which ranks in the top 50% nationwide. This equates to an annual average Cincinnati house appreciation rate of 2.30%.
Appreciation rates are so strong in Cincinnati that despite a nationwide downturn in the housing market, Cincinnati real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cincinnati appreciation rates continue to be some of the highest in America, at 5.35%, which is higher than appreciation rates in 76.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cincinnati. Cincinnati appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.49%.
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.
|$944,001 - $1,258,000||1.0|
|$629,001 - $944,000||2.9|
|$504,001 - $629,000||2.9|
|$378,001 - $504,000||5.3|
|$252,001 - $378,000||11.6|
|$126,001 - $252,000||33.0|
|$63,001 - $126,000||31.9|
|$0 - $63,000||10.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Cincinnati HOMES|
|2000 or Newer||5.1|
|1970 - 1999||18.8|
|1940 - 1969||35.3|
|1939 or Older||40.9|
|TYPE OF Cincinnati HOMES|
|Small Apt. Buildings||21.2|
|SIZE OF Cincinnati HOMES|
|5 or more bedrooms||3.15|