Cincinnati, OH 45208 Real Estate Market Report

ZIP Code: 45208
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Cincinnati, OH are 6.4% compared to the 6.3% average observed earlier in 2026, reflecting a slight increase in borrowing costs for property owners in this market.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood’s current market value is best represented by the median sold price of 595,000, which should be treated as the primary indicator of realized transaction values and recent liquidity; representative recent sale prices appear elevated relative to asking expectations.

2. There is a noticeable gap between the median listing price of 525,000 and the median sold price of 595,000, which may indicate pricing friction or shifting seller expectations versus closed transaction outcomes; sellers and appraisers should reconcile this spread when setting or validating list prices.

3. Market velocity appears mixed: the median days on market of 312 points to slower sales velocity in the analyzed sample, even though the market temperature is classified as hot, suggesting pockets of rapid activity coexist with longer-running listings and selective buyer demand.

4. Affordability is under pressure as interest rate dynamics are a headwind: interest rate pressure is elevated and local 30-year fixed mortgage rates near 6.4% are slightly above the early-2026 average, while rent trends are strong—rent year-over-year trend is up—supporting rental demand for investors despite borrowing cost constraints.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Cincinnati, OH 45208 Real Estate Market Report

ZIP Code: 45208
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Cincinnati, OH are 6.4% compared to the 6.3% average observed earlier in 2026, reflecting a slight increase in borrowing costs for property owners in this market.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood's primary market indicator is the 321,000 median sold price, which anchors current valuations and reflects recent transaction activity while the overall price trend is down.

2. The 287 median days on market suggests slower sales velocity and increased pricing friction, even as the broader marketTemperature is hot, indicating active buyer interest in selected properties and a relatively constrained active supply in the sampled dataset.

3. The 228 median price per square foot combined with a 1,982 median market rent points to meaningful rent-supported value; rentYoYTrend is up, signaling strengthening rental demand that may support investor interest despite softening sale prices.

4. Borrowing conditions are contributing to affordability pressure: the market shows 6.4% current 30-year fixed mortgage rates in Cincinnati versus 6.3% earlier in 2026, and interest rate pressure is elevated, which may constrain price recovery and tighten buyer budgets.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.