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These days, finding an affordable place to live in the Cincinnati area can be challenging. Home prices in Cincinnati are now at a median cost of $278,599, higher than the Ohio average of $236,816.
The average cost of rent is $1,263/mo in Cincinnati, primarily driven by the current value of real estate in the Cincinnati area. In Cincinnati, 31.69% of households rent, and 35.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cincinnati is $7,704 per month. Households that rent pay about 16.40% of their income on rent here. Cincinnati’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- St. Bernard, OH: less expensive homes
- Elmwood Place, OH: less expensive homes
- Norwood, OH: less expensive homes
- Dayton, KY: less expensive homes
- Golf Manor, OH: less expensive homes
- Bellevue, KY: less expensive homes
- Finneytown, OH: less expensive homes
- Arlington Heights, OH: less expensive homes
- Amberley, OH: higher priced homes
- Ludlow, KY: less expensive homes
Cities with Similar Populations
- Olympia, WA: higher priced homes
- Palm Harbor, FL: higher priced homes
- Oxnard, CA: higher priced homes
- Overland Park, KS: higher priced homes
- Palm Coast, FL: higher priced homes
- Pearland, TX: higher priced homes
- Palm Bay, FL: equally priced homes
- Pacoima, CA: higher priced homes
- Owensboro, KY: less expensive homes
- Orem, UT: higher priced homes
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