Cincinnati Real Estate Market Update

Cincinnati Real Estate Market Update

Cincinnati is genuinely a unique real estate market because it offers some of the most liveable landscapes and bridges both urban and suburban life in a complete package. The historic downtown, built right on the Ohio River, makes the topography unique and a destination for both locals and visitors. In this article, we are going to explore a little more about living in Cincinnati, namely the real estate market, and offer up some helpful links for those who might be thinking or planning a move to the area.

The Cincinnati Real Estate Market

The median home price fluctuates some, depending on what resource you use. For example, Zillow says the median price is $124,000 while Trulia estimates that number to be closer to $149,000. The discrepancies tend to do with how quickly these entities retrieve information, but the median price currently is between $120,000 – $180,000 in price-point. The market is looking pretty consistent with some first quarter signs that real estate is up about 3% than from the same time last year.

The most desirable neighborhoods in Cincinnati include Forestville, Hyde Park, Mariemont, and Oakley. The best value neighborhoods you can check out are Clifton, Fruit Hill, Kennedy Heights, and Withamsville which are well-suited for first-time homebuyers.

About 63% of residents in Cincinnati are homeowners with the median age being about 38 and the median household income coming in at $48,000-$52,000 per year.  A homeowner can expect to pay around $3000+ in annual property taxes.

The growing popularity of Cincinnati has local real estate professionals attributing it much to corporate companies relocating or stating their headquarters in this area. Cincy (as it’s often referred to) is home to 10-Fortune 500 companies, like Procter and Gamble, Kroger Food Company, and General Electric. In fact, the Brookings Institution says the Cincinnati is one of the top 25 fastest growing cities in America.

The Entertainment Scene

We can’t forget to mention the entertainment scene in Cincy because it is impressive and has so much to offer. The city is very kid friendly from Paramount’s King’s Island and the Newport Aquarium, from sporting events like the Cincinnati Reds and the NFL’s Bengals.

Helpful Resources and Links

Moving to Cincinnati? Let us be the first to welcome you! Here is a good list of services and resources to help you get to know our town better.

The City of Cincinnati – Details about city business, public works, council, and other resources.

Greater Cincinnati Water Works – Set up or turn on your service here.

Duke Energy – Get your gas hookups and service schedule here.

Waste Management – Learn which provider services your neighborhood here.

Spectrum – TV cable, phone, and internet provider.

Cincinnati Parks and Recreation – Learn more about park events and kids and adult programs.

Cincinnati Public Library – Learn about all the innovative kids and adults programs here.

Cincinnati Event Calendar – Get up to date on everything Cincinnati and what is coming to town.