Cincinnati real estate market overview
- Average Monthly Rent: $978
- Home Price/Value Percentage Change: 7.80%
- Median Home Value: $144,200
- Best Time To Sell a Home: September
- Affordability Index: 236
- Days To Sell a House: 74
- Job Market: Weak
- Public School Ranking: 28
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 2018 was 302,605 with an annual growth rate of 0.32%.
The job market has increased by 0.8% 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 Health Care & Social Assistance, Retail Trade and Manufacturing.
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 of cultural events and activities, Cincinnati will continue to grow and attract more residents.
Cincinnati real estate market details
- Columbia Tusculum
- Hyde Park
- Mt. Lookout
- Mt. Adams
- East Walnut Hills