The housing market in 45220 Cincinnati, OH is growing rapidly, with the median value of housing at $297,400鈥攋ust slightly lower than the US median of $338,100. The US median house appreciation rate was 8.27% over the past year, while Cincinnati's rose to 10.68%, indicating that this is a particularly attractive region for potential home owners and investors alike. With higher-than-average appreciation and relatively affordable prices compared to the national average, it's no surprise why more and more people are looking to purchase property in this area.
The median home cost in Cincinnati (zip 45220) is $297,400. Home appreciation the last 10 years has been 86.6%. Home Appreciation in Cincinnati (zip 45220) is up 16.6%.
Average Age of Homes
- The median age of Cincinnati (zip 45220) real estate is 71 years old
The Rental Market in Cincinnati (zip 45220)
- Renters make up 58.7% of the Cincinnati (zip 45220) population
- 2.4% of houses and apartments in Cincinnati (zip 45220), 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.