Cincinnati, OH has a median value of $210,800 for housing, which is much lower than the US median value of $338,100. Despite this difference in cost, Cincinnati houses have seen a greater appreciation rate over the past year at 10.68%, versus 8.27% in the US. This makes Cincinnati an attractive option for potential homebuyers who are looking for an affordable place to live with good potential for appreciation. With its lower cost of living and greater appreciation rates, it’s easy to see why so many are choosing to buy homes in Cincinnati.
The median home cost in Cincinnati is $210,800. Home appreciation the last 10 years has been 86.6%. Home Appreciation in Cincinnati is up 16.6%.
Average Age of Homes
- The median age of Cincinnati real estate is 67 years old
The Rental Market in Cincinnati
- Renters make up 49.0% of the Cincinnati population
- 3.3% of houses and apartments in Cincinnati, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.