There are currently 229,499 real estate properties in Cincinnati, OH, with a median automated valuation model (AVM) price of $191,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cincinnati, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cincinnati, OH, is $242,788.00, with the most expensive house in Cincinnati, OH, topping out at $66,542,300.00 and the cheapest home in Cincinnati, OH, clocking in at $11,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Cincinnati, OH!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cincinnati, OH, is on a rollercoaster ride. The average rent price in Cincinnati, OH, is $1,360.00. Indeed, when looking to rent in Cincinnati, OH, you can expect to pay as little as $420.00 or as much as $4,080.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Cincinnati, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Cincinnati, OH area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Cincinnati, OH and much more. Save thousands at closing with home foreclosure listings in Cincinnati, OH — up to 75% off market value!
Cincinnati is located in Hamilton, Ohio, with an estimated municipal population of 303,940 residents. All of the best foreclosed homes for sale in Cincinnati are located in the following zip code areas on Foreclosure.com: 45219 45213 45212 45211 45217 45216 45214 45233 45225 45237 45229 45226 45227 45224 45232 45230 45204 45205 45206 45207 45202 45203 45208 45209 45223 45239 45238 45220 45201 45221 45250 45254 45262 45263 45264 45267 45268 45269 45270 45271 45273 45274 45275 45296 45298 45299 45999. The estimated population per square kilometer (.62 miles) in Cincinnati is 1,507.
So, about how much do homes cost in Cincinnati? The most recent median value of resident-owned homes in Cincinnati is 137,428. An estimated 37.8 percent of households in Cincinnati own their homes, with an average family size of 2.99. The median household income in Cincinnati is 40,640, with18.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cincinnati, the median commute time of resident workers (in minutes) is 23.2. And last, but certainly not least, are you looking for homes to rent in Cincinnati? If so, the average rent price paid by renters in Cincinnati is 738, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cincinnati, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Cincinnati is 32.2, split between 48.4 percent male versus 51.6 female. The percentage of residents who report being married in Cincinnati is 28.3, with an average family size of 2.99.
The percentage of residents who report their race in Cincinnati is as follows:
|Black / African American||42.3%|
|American Indian / Alaskan Native||0.1%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Cincinnati? Or maybe you are searching for 55+ active adult communities in and/or near Cincinnati?
The percentage of residents who report their age in Cincinnati is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cincinnati with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cincinnati.
How do you know that living in -- or moving to -- Cincinnati is right where you need to be? Perhaps you grew up in Cincinnati or already live nearby; therefore, the decision to buy a home in Cincinnati is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cincinnati for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cincinnati:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cincinnati.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cincinnati can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cincinnati, meanwhile, can field multiple offers from more qualified buyers.
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