Home Values

45251 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$94,500

  • 8.0% 1-year change
  • 3.9% 1-year forecast

Market Temperature

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

Cold

Buyers' Market
Sellers' Market

The median home value in 45251 is $94,500. 45251 home values have gone up 8.0% over the past year and Zillow predicts they will rise 3.9% within the next year. The median list price per square foot in 45251 is $70, which is lower than the Cincinnati Metro average of $93. The median price of homes currently listed in 45251 is $79,900 while the median price of homes that sold is $105,350. The median rent price in 45251 is $850, which is lower than the Cincinnati Metro median of $975.

Foreclosures will be a factor impacting home values in the next several years. In 45251 8.8 homes are foreclosed (per 10,000). This is greater than the Cincinnati Metro value of 5.3 and also greater than the national value of 4.0

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 45251 is 5.7%, 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 45251 homeowners underwater on their mortgage is 30.3%, which is higher than Cincinnati Metro at 18.3%.

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Relative ZHVI
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45251 Market Overview

Data through Sep 30, 2014
  • $94,500 ZHVI
  • 3.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $79,900 Median listing price
  • $105,350 Median sale price (Aug 31, 2014)
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45251 Market Health

Data through Sep 30, 2014
  • 1.0/10 Less healthy
    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
  • 30.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

8.8 homes 45251
5.3 homes Cincinnati Metro
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
45247 $168,000
45252 $167,000
45014 $134,500
Name Median ZHVI
45218 $104,700
45240 $103,900
45239 $91,800
Name Median ZHVI
45224 $89,900
45231 $88,800
45223 $72,800

Listings & Sales

Data through Sep 30, 2014
  • $70 Median list price / sq ft
  • $75 Median sale price / sq ft (Aug 31, 2014)
  • 38.4% Listings with price cut
28.8%
Sold below listing
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45251 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $940 45251
    $1,192 Cincinnati Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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