According to statistics, the population in Cincinnati, OH amounts to 302,615, which shows decline 0% compared to the previous year. The median age of the city’s residents is 33. The average household income is $43,585, shifting growth 12% from the past year, and the average property value in Cincinnati, OH growth 3% to $147,800 throughout the year.
|Number Of Employees||149,764|
|Median Property Value||$147,800|
The average household income in Cincinnati, OH grew from $38,938 to $43,585 in the past year. This data is an estimate based upon 138,767 households in Cincinnati, OH . The chart below presents how household income is distributed in Cincinnati, OH in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Cincinnati, OH shifted from $143,100 to $147,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Cincinnati, OH in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Cincinnati, OH properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Cincinnati, OH compared to median property taxes around the country. The prevalent amount of property taxes in Cincinnati, OH equals $3000, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Cincinnati, OH decreased by 12.5% to $265,205.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 3.5% to $190,884. Asking price for 2-bed apartment also decreased by 6.6% and a place of this size will now cost you $217,700. A 3-bed apartment goes for $281,573, it decreased by 3.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 18.2% and made it down to $361,512.
While assessing the property pricing Cincinnati, OH, you can note that it remains flat with a price tag of $570,254. Price reports demonstrate that house price decreased by 11% this month making it up to $279,605. Condos are really in demand in this season. The median price for a condo increased by 8.8%, it’s now available for $305,774. An average value of duplex is $225,000, thus a median price for a duplex remains the same this month. The price dynamics of lofts changed, it increased by 32.1%, the price tag now starts at $456,618. Value of the townhouses didn’t change, the price still starts at $296,519.