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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 303,940 people, 137,333 houses or apartments, and a median cost of homes of $158,345, 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 38.75% of the city's housing units. Other types of housing that are prevalent in Cincinnati include large apartment complexes or high rise apartments ( 35.65%), duplexes, homes converted to apartments or other small apartment buildings ( 20.90%), and a few row houses and other attached homes ( 4.59%).

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 ( 41.23%), 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 ( 33.38%), followed by between 1970-1999 ( 19.39%). There's also some housing in Cincinnati built between 2000 and later ( 6.01%).

Vacant housing appears to be an issue in Cincinnati. Fully 14.99% 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 52.37%, which ranks in the top 40% nationwide. This equates to an annual average Cincinnati house appreciation rate of 4.30%.

NeighborhoodScout's data show that during the latest twelve months, Cincinnati's appreciation rate, at 9.26%, has been at or slightly above the national average. In the latest quarter, Cincinnati's appreciation rate has been 2.69%, which annualizes to a rate of 11.19%.

Relative to Ohio, our data show that Cincinnati's latest annual appreciation rate is lower 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

 

Median Home Value:
$158,345

Cincinnati, OH HOME PRICES

> $1,281,000
0.8%
0.8%
$961,001 - $1,281,000
1.0%
1.0%
$641,001 - $961,000
3.7%
3.7%
$513,001 - $641,000
3.3%
3.3%
$385,001 - $513,000
6.2%
6.2%
$256,001 - $385,000
13.4%
13.4%
$129,001 - $256,000
33.1%
33.1%
$64,001 - $129,000
29.4%
29.4%
$0 - $64,000
9.0%
9.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for OH

Value Relative To Nation

Number Of Homes And Apartments:
137,333

Cincinnati Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
59.95% 2.21%
8
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,007 / per month

Homeownership Rate

Owners
36.1%
36.1%
Renters
63.9%
63.9%
Vacant
15.0%
15.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.0%
6.0%
1970 - 1999
19.4%
19.4%
1940 - 1969
33.4%
33.4%
1939 or Older
41.2%
41.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
38.7%
38.7%
Townhomes
4.6%
4.6%
Small Apt. Buildings
20.9%
20.9%
Apt. Complexes
35.6%
35.6%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.0%
4.0%
1 Bedroom
27.5%
27.5%
2 Bedrooms
32.3%
32.3%
3 Bedrooms
23.6%
23.6%
4 Bedrooms
9.6%
9.6%
5 or more bedrooms
3.0%
3.0%
0.0% 100.0%
% OF HOMES