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Cincinnati real estate market overview
- Average Monthly Rent: $1,273
- Home Price/Value Percentage Change: 3.50%
- Median Home Value: $223,164
- Best Time To Sell a Home: August
- Affordability Index: Moderate
- Days To Sell a House: 8
- Job Market: Weak
- Public School Ranking: 34
Location and weather
With its origins as a river port, Cincinnati is on the Ohio River in between the Little Miami and Great Miami Rivers. It is 15 miles east of the Indiana border and 50 miles southwest of Dayton, Ohio. With such a picturesque river location, Cincinnati is the center of a metropolitan area that includes portions of Ohio, Kentucky and Indiana.
The warm season lasts from late May through September with daily high temperatures above 77 degrees. The evening lows are in the 60's. The cold season is from early December to early March with average high temperatures below 49 degrees and lows in the 20's.
Population, job market and cost of living
Cincinnati's population in 2023 is 313,028 with an annual growth rate of 0.40%.
The job market has decreased by -4.74% from last year. 10-year predicted future job growth is 29.8%. Cincinnati is a national transportation hub and includes one of the largest inland coal parts in the country. It is also a recognized cultural center with museums and the Cincinnati Opera—the second oldest opera company in the nation. The largest employers include Kroger, Macy's and P&G.
The cost of living is low due to the Cincinnati real estate market and moderately priced housing. With its beautiful river location, international airport, job growth, low cost of living and emphasis on cultural events and activities, Cincinnati will continue to grow and attract more residents.
Cincinnati real estate market details
- Hyde Park
- West Price Hill
- Mount Washington
- Oakley
- Pendleton
The average monthly rent in Cincinnati is $1,273 for an average apartment size of 870 sq. feet.
There has been a 3.5% increase in median home value over the last year. As of 2023, the median home value is $223,164.
On average, homes in Cincinnati sell after 8 days on the market.
The best time to sell a home for the highest valued sale is during August. For the quickest sale, homeowners should sell in August.
The affordability index in Cincinnati is 87. This number indicates moderate affordability in this city.
The top ranked public schools are Hilltop Elementary School, Montgomery Elementary School, Mariemont Junior High School, Elm Avenue Elementary School and Mariemont Elementary School. This information is based on data measuring academic performance and equity.