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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Cincinnati Housing Market Information

With 303,940 people, 137,281 houses or apartments, and a median cost of homes of $153,238, 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 38.78% of the city's housing units. Other types of housing that are prevalent in Cincinnati include large apartment complexes or high rise apartments ( 35.57%), duplexes, homes converted to apartments or other small apartment buildings ( 20.70%), and a few row houses and other attached homes ( 4.79%).

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 ( 40.80%), 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 ( 34.59%), followed by between 1970-1999 ( 19.23%). There's also some housing in Cincinnati built between 2000 and later ( 5.38%).

Vacant housing appears to be an issue in Cincinnati. Fully 15.40% 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 32.09%, which ranks in the top 50% nationwide. This equates to an annual average Cincinnati house appreciation rate of 2.82%.

NeighborhoodScout's data show that during the latest twelve months, Cincinnati's appreciation rate, at 4.30%, has been at or slightly above the national average. In the latest quarter, Cincinnati's appreciation rate has been 1.54%, which annualizes to a rate of 6.32%.

Relative to Ohio, our data show that Cincinnati's latest annual appreciation rate is higher than 50% 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

 
info

Median Home Value:
$153,238

Cincinnati, OH HOME PRICES

> $1,236,000
0.7%
0.7%
$927,001 - $1,236,000
1.0%
1.0%
$618,001 - $927,000
3.2%
3.2%
$494,001 - $618,000
3.2%
3.2%
$371,001 - $494,000
5.8%
5.8%
$247,001 - $371,000
11.8%
11.8%
$124,001 - $247,000
33.1%
33.1%
$62,001 - $124,000
31.0%
31.0%
$0 - $62,000
10.0%
10.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for OH

Value Relative To Nation

Number Of Homes And Apartments:
137,281

Cincinnati Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
46.63% 1.86%
8
3
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$927 / per month

Homeownership Rate

Owners
36.2%
36.2%
Renters
63.8%
63.8%
Vacant
15.4%
15.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
5.4%
5.4%
1970 - 1999
19.2%
19.2%
1940 - 1969
34.6%
34.6%
1939 or Older
40.8%
40.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
38.8%
38.8%
Townhomes
4.8%
4.8%
Small Apt. Buildings
20.7%
20.7%
Apt. Complexes
35.6%
35.6%
Mobile Homes
0.1%
0.1%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.9%
3.9%
1 Bedroom
28.0%
28.0%
2 Bedrooms
32.3%
32.3%
3 Bedrooms
23.5%
23.5%
4 Bedrooms
9.2%
9.2%
5 or more bedrooms
3.1%
3.1%
0.0% 100.0%
% OF HOMES