Cincinnati Real Estate Market 2023: Housing Trends & Predictions

2023 Housing Market Overview

Cincinnati Real Estate Market 2023

Cincinnati Real Estate Market Overview

Metro Population: 2 M

Median Household Income:$43,000

Unemployment Rate:5.1%

Median Home Price*:$195,387

Median Monthly Rent*:$1,251

Cincinnati, OH Real Estate Market 2023

Known for its vibrant arts scene, acclaimed food spots, professional sports team, and chili, Cincinnati is the third-largest city in the state of Ohio and the 64th-largest in the country. It is located in Southwestern Ohio, on the northern side of the confluence of the Licking and Ohio rivers. For most of the 19th century, Cincinnati was one of the ten most populous cities in the United States, only surpassed by New Orleans and a few cities along the East Coast.

Affectionately nicknamed “The Queen City,” Cincinnati is the county seat of Hamilton County and the economic and cultural center of the Cincinnati metropolitan area. This area, also known as the Cincinnati Tri-State area, includes counties in the states of Ohio, Kentucky, and Indiana. It is the third-largest metropolitan area in Ohio and the 30th-largest in the country, with a population of 2,259,935 as of the 2021 census.

Cincinnati is home to several historical architectural projects, such as the Cincinnati Music Hall and the Taft Museum of Art, which has led to the city being described as “the Paris of America.” After the war, Cincinnati’s economy flourished as new markets opened up in the North and a new rail system connected the city with the South. For most of the 19th century, iron production was the most dominant industry in the city, followed by meatpacking and woodworking.

Cincinnati’s economic growth declined in the 20th century, but this was followed by a period of economic overhaul and revitalization. Today, the services industry (retail and wholesale trade, education, defense, and transportation) contributes the most to Cincinnati’s economy. The transportation industry is still growing today, due to the presence of one of the country’s biggest inland coal ports and an international airport. The real estate market is also one of the hottest in the nation, with lots of opportunities for investors.

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Major Employers in Cincinnati

Cincinnati Housing Market News

  • Prices of Cincinnati single family homes for rent rising fast - Cincinnati Enquirer
  • One of 12 markets that can weather a housing market downturn - Business Insider
  • Meet the AirBnB host with 71 Cincinnati listings - WCPO
  • "#2 City to Buy Home for Best Rental Return" - CNBC
  • "#5 in America's Most Affordable Cities" - Forbes
  • "#2 Best City to Build a Green Career" - Good Call
  • "#9 Best City to Raise a Family" - Forbes
  • "#10 Best City for Commuters" - Trulia
  • "#13 Best City for New Grads" - Good Call
  • "One of 15 US Cities’ Emerging Downtowns" - Forbes
  • "Steady Widespread Growth Continues" - Federal Reserve Bank of Cleveland

Property Teams

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Sample properties

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