45223 Home Prices & Values

$73,900 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.1% 1-year change
  • 1.6% 1-year forecast

The median home value in 45223 is $73,900. 45223 home values have gone up 2.1% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in 45223 is $80, which is lower than the Cincinnati average of $81. The median price of homes currently listed in 45223 is $135,000 while the median price of homes that sold is $96,692. The median rent price in 45223 is $621, which is lower than the Cincinnati median of $775.

Foreclosures will be a factor impacting home values in the next several years. In 45223 3.6 homes are foreclosed (per 10,000). This is lower than the Cincinnati value of 6.0 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 45223 is 6.5%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 45223 homeowners underwater on their mortgage is 25.0%, which is higher than Cincinnati at 23.5%.

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Relative ZHVI
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45223 Market Overview

Data through Jul 31, 2014
  • $73,900 ZHVI
  • 1.6% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $135,000 Median listing price
  • $96,692 Median sale price (Jun 30, 2014)
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45223 Market Health

Data through Jul 31, 2014
  • 2.5/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 25.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.6 homes 45223
6 homes Cincinnati
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
45220 $186,900 45219 $100,200 45239 $91,000
45224 $89,800 45211 $85,900 45217 $82,100
45232 $63,400 45225 $50,200 45214 $48,700

Listings & Sales

Data through Jul 31, 2014
  • $80 Median list price / sq ft
  • $76 Median sale price / sq ft (Jun 30, 2014)
  • 27.2% Listings with price cut
24.4%
Sold below listing
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45223 Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$857 45223
$933 Cincinnati
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $621 Rent list price
  • $0.66 Rent list price / sq ft
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