Cincinnati, OH 45230 Real Estate Market Report

ZIP Code: 45230
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Cincinnati, OH (ZIP: 45230) stands at $298,000, reflecting a stable market environment. This price point indicates a solid foundation for property values, supported by ongoing demand despite the current market conditions. The neighborhood has increased 8% since 2023, showcasing a positive trend in property appreciation.

Transaction activity appears moderate, with elevated inventory levels suggesting a balanced market. The median days on market is 210, indicating slower sales velocity, which may suggest that buyers are taking their time in decision-making. The overall market temperature is classified as neutral, reflecting a stable balance between supply and demand, while the property tax rate is noted at 1.61%, contributing to the overall cost of ownership.

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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

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Cincinnati market average around 6.12% APR, which is 0.12% higher than the average rate seen just one week ago.

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 median sold price of $298,000 indicates a stable market with positive price appreciation trends.

2. With 210 days on market, the sales velocity is slower, suggesting buyers are exercising caution in their purchasing decisions.

3. Inventory levels are elevated, indicating excess supply relative to sales activity, which may lead to pricing friction in the near term.

4. The median market rent of $1,464 reflects robust rental demand, supporting the overall housing market stability.

5. Current mortgage rates at 6.12% APR may exert moderate interest rate pressure, influencing buyer affordability and market dynamics.

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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.