The Cincinnati, OH Metro Area is seeing a boom in housing prices. The median value of homes in the area is currently $250,200, which is significantly lower than the US house median value of $338,100. However, over the past year there has been an impressive increase of 12.02%, far above the US 1 year house appreciation rate of 8.27%. This indicates that investment in the area's real estate market is paying off and will likely continue to grow.
The median home cost in Cincinnati Metro Area is $250,200. Home appreciation the last 10 years has been 83.6%. Home Appreciation in Cincinnati Metro Area is up 16.5%.
Average Age of Homes
- The median age of Cincinnati Metro Area real estate is 44 years old
The Rental Market in Cincinnati Metro Area
- Renters make up 29.4% of the Cincinnati Metro Area population
- 1.4% of houses and apartments in Cincinnati Metro Area, 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.