Market Snapshot
- Median listing price
- $200K
- Median rent
- $1,150/mo
- Days on market
- 228 days
- Gross rental yield
- 6.90%
- STR vs LTR
- $943/mo STR · $1,150/mo LTR
The median listing price in Cincinnati, OH ZIP 45238 is $199,900 as of June 2026.
The median market rent in Cincinnati, OH ZIP 45238 is $1,150/month as of June 2026.
The median days on market in Cincinnati, OH ZIP 45238 is 228 days as of June 2026. The market is currently neutral.
At a median list price of $199,900 and a median rent of $1,150/month, the gross rental yield in Cincinnati, OH ZIP 45238 is 6.90% as of June 2026.
In Cincinnati, OH ZIP 45238, median Airbnb revenue is $943/month compared to median long-term rent of $1,150/month as of June 2026.
Cincinnati, OH 45238 Real Estate Market Report
ZIP Code: 45238
Report Date: June 2026
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.
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.
Market Metrics
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.
Rental Market
Property Taxes
Liquidity & Velocity
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 Cincinnati, OH are averaging approximately 6.5%, which is consistent with the broader market trends observed throughout the first half of 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market indicator is the median sold price of 219,450, which reflects recent transaction activity and aligns with a price year-over-year trend of up, suggesting modest appreciation in realized values, with a neutral market temperature that points to a balanced negotiating environment for SFR and condo transactions.
- Median days on market stands at 228, which indicates slower sales velocity and suggests pricing friction or longer marketing periods even as overall market temperature remains neutral; this may indicate buyers are selective and that well-priced listings will capture more interest.
- There is a notable listing-to-sale relationship where the median listing price of 199,900 sits below the median sold price of 219,450, which may indicate seller pricing strategies that differ from final transaction prices and could create opportunities for sellers who position properties clearly around recent sold comparables (representative recent sale).
- The rental market shows a median market rent of 1,150 with a rent year-over-year trend of up, and interest rate pressure is reported as moderate with current 30-year fixed mortgage rates averaging approximately 6.5%, which together suggest continued landlord interest but ongoing sensitivity to financing costs for buyers and investors.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 1.5% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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