Cincinnati, Ohio Housing Market Prices
Cincinnati Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 25% below the Ohio median$103,865
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Median rent 3% below the Ohio median$1,003
Housing Market Overview
| Metric | Cincinnati | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $103,865 | $139,044 | $248,835 |
| Price Trend (Annual %) | 1.7% | 6.7% | 7.5% |
| Median Gross Rent | $1,003 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cincinnati is about 25% lower than in Ohio. Rent is about 3% lower than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cincinnati, up about 1.7% and 5.3% a year respectively. Rent is changing faster.
Median rent in Cincinnati rose about 54.6% between 2015 and 2024, from $649 to $1,003. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Cincinnati.
Buying the median-priced home in Cincinnati costs roughly 8.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cincinnati. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Cincinnati | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $103,865 | $139,044 | $248,835 |
| Median Household Income | $53,145 | $71,509 | $80,455 |
| Price-to-Income Ratio | 2.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cincinnati rose about 11.8%, while median household income rose about 51.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cincinnati | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 36.1% | 61.7% | 58.5% |
| Rental Rate | 53.9% | 30.1% | 31.2% |
| Vacancy Rate | 10.0% | 8.1% | 10.2% |
| Median Tenure (years) | 10.0 | 16.0 | 15.0 |
| Median Year Moved In | 2016 | 2010 | 2011 |
Cincinnati has a homeownership rate of 36.1%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 10.0%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Cincinnati | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.07 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1955 | 1970 | 1978 |
| Median Number of Rooms | 4.7 | 5.9 | 5.5 |
The typical housing unit in Cincinnati was built around 1955. On average, 2.1 people live in a home with about 4.7 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cincinnati, Ohio.
What is the median home price in Cincinnati, Ohio?
The median home price in Cincinnati, Ohio is $103,865, lower than the Ohio average of $139,044.
What is the average home price in Cincinnati, Ohio?
The typical home price in Cincinnati, Ohio, reported as the median sale price, is $103,865. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cincinnati, Ohio?
The median gross rent in Cincinnati, Ohio is $1,003 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Cincinnati in 2020?
In 2020, the median gross rent in Cincinnati, Ohio was $763 per month.
What is the price-to-rent ratio in Cincinnati, Ohio?
The price-to-rent ratio in Cincinnati, Ohio is about 8.6, meaning it would take roughly 8.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cincinnati.
Are home prices or rent rising faster in Cincinnati, Ohio?
Both home prices and rent are rising in Cincinnati, up about 1.7% and 5.3% a year respectively. Rent is changing faster.
What is the homeownership rate in Cincinnati, Ohio?
36.1% of households in Cincinnati, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Cincinnati, Ohio?
The housing vacancy rate in Cincinnati, Ohio is 10.0%, higher than the Ohio average of 8.1%.
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