45238 Home Prices & Values

$95,900 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

  • 0.7% 1-year change
  • 0.8% 1-year forecast

Market Temperature: Very ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in 45238 is $95,900. 45238 home values have gone up 0.7% over the past year and Zillow predicts they will rise 0.8% within the next year. The median list price per square foot in 45238 is $69, which is lower than the Cincinnati Metro average of $94. The median price of homes currently listed in 45238 is $90,000 while the median price of homes that sold is $103,025. The median rent price in 45238 is $825, which is lower than the Cincinnati Metro median of $925.

Foreclosures will be a factor impacting home values in the next several years. In 45238 11.1 homes are foreclosed (per 10,000). This is greater than the Cincinnati Metro value of 6.9 and also greater than the national value of 4.3

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 45238 is 5.8%, which is lower than the national value of 7.2%. 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 45238 homeowners underwater on their mortgage is 34.9%, which is higher than Cincinnati Metro at 21.1%.

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Relative ZHVI
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45238 Market Overview

Data through Jun 30, 2014
  • $95,900 ZHVI
  • 0.8% 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

    (Jun 30, 2015)
  • $90,000 Median listing price
  • $103,025 Median sale price
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45238 Market Health

Data through Jun 30, 2014
  • 0.4/10 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 of days on Zillow
  • 34.9% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.8% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

11.1 homes 45238
6.9 homes Cincinnati Metro
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
45233 $185,400 45248 $122,700 45211 $84,400
41016 $82,200 45204 $59,300 45214 $58,000
45205 $57,400 45225 $56,300  

Listings & Sales

Data through Jun 30, 2014
  • $69 Median list price / sq ft
  • $72 Median sale price / sq ft
  • 35.5% Listings with price cut
46.2%
Sold below listing
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45238 Rentals

Data through Jun 30, 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
$931 45238
$1,185 Cincinnati Metro
$1,310 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)
  • $825 Rent list price
  • $0.74 Rent list price / sq ft
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