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 about Scout's Real Estate Data
With a population of 309,513, 141,033 total housing units (homes and apartments), and a median house value of $273,212, Cincinnati real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Cincinnati, accounting for 38.72% of the city's housing units. Other types of housing that are prevalent in Cincinnati include large apartment complexes or high rise apartments ( 35.59%), duplexes, homes converted to apartments or other small apartment buildings ( 20.24%), and a few row houses and other attached homes ( 5.22%).
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 ( 41.45%), 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 ( 30.73%), followed by between 1970-1999 ( 19.84%). There's also some housing in Cincinnati built between 2000 and later ( 7.98%).
Vacant housing appears to be an issue in Cincinnati. Fully 11.71% 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 111.77%, which ranks in the top 30% nationwide. This equates to an annual average Cincinnati house appreciation rate of 7.79%.
NeighborhoodScout's data show that during the latest twelve months, Cincinnati's appreciation rate, at 7.14%, has been at or slightly above the national average. In the latest quarter, Cincinnati's appreciation rate has been 1.53%, which annualizes to a rate of 6.27%.
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.
$273,212
for Ohio
for nation
141,033
$1,442 / per month