Cincinnati, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cincinnati Neighborhoods Since 2000




Cincinnati, OH Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cincinnati Housing Market Information

With 298,550 people, 133,039 houses or apartments, and a median cost of homes of $124,083, 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 38.31% of the city's housing units. Other types of housing that are prevalent in Cincinnati include large apartment complexes or high rise apartments ( 35.33%), duplexes, homes converted to apartments or other small apartment buildings ( 21.45%), and a few row houses and other attached homes ( 4.69%).

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 ( 41.71%), 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 ( 35.67%), followed by between 1970-1999 ( 17.90%). There's also some housing in Cincinnati built between 2000 and later ( 4.71%).

Vacant housing appears to be an issue in Cincinnati. Fully 18.08% 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

Real estate appreciation rates in Cincinnati's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.20% during the period.

NeighborhoodScout's data show that during the latest twelve months, Cincinnati's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Cincinnati's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Ohio, our data show that Cincinnati's latest annual appreciation rate is higher than 70% 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:
$124,083

Cincinnati, OH HOME PRICES

Value Range
> $1,106,000 0.6
$830,001 - $1,106,000 1.0
$553,001 - $830,000 2.6
$443,001 - $553,000 2.4
$332,001 - $443,000 4.9
$221,001 - $332,000 10.8
$111,001 - $221,000 34.2
$55,001 - $111,000 33.5
$0 - $55,000 9.9

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
63.0962146958866 60.3674540682415

Number Of Homes And Apartments:
133,039

Cincinnati Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
18.09% 0.97% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$795 / per month

Homeownership Rate

Homeownership
Owners 36.85
Renters 63.15
Vacant 18.08

Housing Market Details

 

Age of Homes

AGE OF Cincinnati HOMES
2000 or Newer 4.7
1970 - 1999 17.9
1940 - 1969 35.7
1939 or Older 41.7

Types of Homes

TYPE OF Cincinnati HOMES
Single-Family 38.3
Townhomes 4.7
Small Apt. Buildings 21.5
Apt. Complexes 35.3
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Cincinnati HOMES
No Bedroom 3.59
1 Bedroom 28.65
2 Bedrooms 32.75
3 Bedrooms 23.14
4 Bedrooms 8.72
5 or more bedrooms 3.15