Cincinnati FHA Loan Rates, Closing Costs & Stats

CINCINNATI, OH-KY-IN

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Cincinnati's 196 lenders originated 5,932 FHA loans during 2023. The total origination value was $1,348,440,000, with an average FHA loan value of $227,316.

Cincinnati FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Cincinnati averaged 6.73% for the week of 2024-06-14, compared to the national average (all FHA variants) of 6.712% for the same period.

Cincinnati's average FHA mortgage closing costs are $7,112.

The average rate for the prior week (2024-06-07) was 6.51% and one month ago for the week of 2024-05-10, the average rate was 6.7%.

The average rate one year ago was 6.85%.

For refis of the same type during the week of 2024-06-14, the average rate was 7.31%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Cincinnati FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Cincinnati level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 600 6.34% $9,885
UNITED WHOLESALE MORTGAGE, LLC 382 6.45% $11,219
CROSSCOUNTRY MORTGAGE, LLC 302 6.78% $10,802
NVR Mortgage Finance, Inc. 179 5.73% $10,468
THRIVE MORTGAGE, LLC 147 6.61% $9,343
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 145 7.20% $10,608
Paramount Residential Mortgage Group, Inc. 132 6.93% $11,127
AMERICAN PACIFIC MORTGAGE CORPORATION 127 6.96% $10,160
UNION HOME MORTGAGE CORP. 107 6.96% $10,485
NEWREZ LLC 106 6.53% $9,800
VICTORY MORTGAGE, L.L.C. 106 6.07% $8,781
Union Savings Bank 92 6.72% $7,662
Fifth Third Bank 92 6.52% $5,343
FIRST COMMUNITY MORTGAGE, INC. 91 6.89% $9,999
STOCKTON MORTGAGE CORPORATION 85 6.79% $11,159
SUCCESS MORTGAGE PARTNERS, INC. 84 6.60% $10,102
DAS Acquisition Company, LLC 83 7.23% $10,186
LOANDEPOT.COM, LLC 83 6.40% $11,106
FREEDOM MORTGAGE CORPORATION 83 6.87% $12,419
The Huntington National Bank 82 6.85% $8,612
Mr. Cooper ( Nationstar Mortgage ) 80 6.16% $12,932
RUOFF MORTGAGE COMPANY, INC. 78 6.93% $6,669
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 77 7.05% $10,246
NATIONS RELIABLE LENDING, LLC 75 7.10% $10,651
BROKER SOLUTIONS, INC. 71 6.76% $10,454
RAPID MORTGAGE COMPANY 62 6.90% $12,157
Prosperity Home Mortgage, LLC 62 6.56% $8,223
Bank of England 61 6.55% $10,960
POLARIS HOME FUNDING CORP. 60 6.83% $10,939
Carrington Mortgage Services, LLC 60 6.37% $11,603
GUARANTEED RATE, INC. 59 6.41% $10,003
AMERISAVE MORTGAGE CORPORATION 58 6.02% $12,639
PENNYMAC LOAN SERVICES, LLC 56 6.25% $10,595
BAYSHORE MORTGAGE FUNDING, LLC 51 6.94% $11,395
MUTUAL OF OMAHA MORTGAGE, INC. 51 6.67% $14,310
Plains Commerce Bank 47 6.70% $10,679
U.S. Bank 42 6.80% $7,098
Guardian Savings Bank, A Federal Savings Bank 39 6.71% $7,186
DHI MORTGAGE COMPANY, LTD. 39 5.50% $9,757
T2 FINANCIAL LLC 38 6.93% $14,787
PRIMELENDING, A PLAINSCAPITAL COMPANY 35 7.03% $10,002
PNC Bank 31 6.79% $7,243
ENDEAVOR CAPITAL, LLC. 31 6.76% $10,214
GUARANTEED RATE AFFINITY, LLC 28 6.87% $9,042
PLANET HOME LENDING, LLC 28 6.40% $9,670
LAKEVIEW LOAN SERVICING, LLC 27 6.36% $11,199
Equity Prime Mortgage LLC 27 6.94% $11,700
Western Ohio Mortgage Corporation 27 7.18% $10,748
VAN DYK MORTGAGE CORPORATION 27 7.01% $9,176
AMERICAN FINANCIAL NETWORK, INC. 23 6.77% $11,180
RiverHills Bank 23 7.02% $8,007
CARDINAL FINANCIAL 23 6.01% $10,472
First Financial Bank 23 6.62% $7,834
MOVEMENT MORTGAGE, LLC 21 6.51% $10,822
Cincinnati Federal 20 6.32% $8,012
SIBCY CLINE MORTGAGE SERVICES, INC. 20 6.42% $8,215
MID AMERICA MORTGAGE, INC. 20 7.13% $5,228
S1L, Inc. 20 6.58% $9,145
Nations Lending Corporation 19 6.66% $11,523
EQUITY RESOURCES, INC. 18 6.99% $8,144
VILLAGE CAPITAL MORTGAGE 18 6.10% $9,442
Flagstar Bank, FSB 18 6.60% $10,038
Citizens Bank 18 6.42% $7,819
Gateway First Bank 18 6.44% $7,806
GENEVA FINANCIAL, LLC 18 7.03% $10,830
M/I FINANCIAL, LLC 18 6.50% $13,950
NORWICH COMMERCIAL GROUP, INC. 17 6.93% $8,823
RELIANCE FIRST CAPITAL, LLC 17 6.64% $12,692
LOANPAL, LLC 15 6.14% $11,088
ARC HOME LLC 15 6.73% $9,373
1st National Bank 15 6.65% $8,321
AMCAP MORTGAGE, LTD. 14 6.96% $11,428
EVERETT FINANCIAL, INC. 14 6.63% $11,850
CHURCHILL MORTGAGE CORPORATION 14 6.47% $9,325
WesBanco 13 6.27% $8,209
OPTION FINANCIAL, LLC 13 6.43% $8,610
GUILD MORTGAGE COMPANY 13 6.76% $10,360
LIBERTY HOME MORTGAGE CORPORATION 11 7.25% $11,002
Mortgage Research Center, LLC 11 6.97% $7,393
Heartland Bank 11 6.39% $7,900
HOMESIDE FINANCIAL, LLC 11 6.92% $11,476
TOP FLITE FINANCIAL, INC. 11 6.93% $13,962
Warsaw Federal Savings and Loan Association 11 6.51% $8,704
HOMEBRIDGE FINANCIAL SERVICES, INC. 10 6.52% $9,045
Ixonia Bank 10 6.86% $12,100
Peoples Exchange Bank 9 6.43% $6,790
Civista Bank 9 6.68% $7,590
ENVOY MORTGAGE, LTD 9 7.18% $9,103
GUARANTY HOME MORTGAGE CORPORATION 9 6.58% $7,216
JPMorgan Chase Bank 9 6.93% $5,225
AMERICAN FINANCING CORPORATION 9 6.44% $10,324
NATIONWIDE MORTGAGE BANKERS, INC. 9 7.22% $12,773
ROYAL UNITED MORTGAGE LLC 9 7.01% $9,224
AmeriHome Mortgage Company, LLC 8 6.28% $10,994
Northpointe Bank 8 6.47% $11,360
AMERICAN FINANCIAL RESOURCES, INC. 7 6.80% $9,547
PHH Mortgage Corporation 7 6.23% $10,764
EMM LOANS LLC 7 5.96% $12,759
ZILLOW HOME LOANS, LLC 7 6.80% $9,850
The Federal Savings Bank 7 6.52% $16,162
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 7 6.82% $12,175
KeyBank 7 6.43% $7,893
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 6.98% $12,565
Truist 7 6.84% $6,346
MICHIGAN MUTUAL, INC. 7 6.91% $11,779
CALIBER HOME LOANS, INC. 7 6.07% $10,510
WRIGHT-PATT CREDIT UNION, INC. 6 6.27% $7,640
Lakeview Community Capital, LLC 6 5.83% $10,069
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.94% $10,684
SUMMIT FUNDING, INC. 6 6.58% $15,321
FIRST EQUITY MORTGAGE INCORPORATED 6 6.27% $14,770
M&T Bank 6 6.56% $8,772
MYCUMORTGAGE, LLC 6 7.21% $7,757
JLB CORPORATION 5 6.13% $9,810
The Loan Store, Inc. 5 7.28% $11,490
Republic Bank & Trust Company 5 6.45% $8,211
NBKC BANK 5 6.35% $9,795
Century Mortgage Company DBA Century Lending Company 5 6.27% $13,284
NFM, INC. 5 7.40% $12,347
Bank of America 5 6.73% $6,820
FIRST ALLIANCE HOME MORTGAGE, LLC 4 6.28% $12,656
First Federal Bank of the Midwest 4 6.03% $8,689
SUN WEST MORTGAGE COMPANY, INC. 4 6.41% $7,508
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 4 7.47% $8,529
OCMBC, INC. 4 7.56% $11,725
ON Q FINANCIAL, INC. 4 7.72% $7,030
NATIONS DIRECT MORTGAGE, LLC 4 7.34% $10,816
INTERNATIONAL CITY MORTGAGE, INC. 4 6.81% $10,470
Waterstone Mortgage Corporation 3 6.25% $10,610
Barrington Bank & Trust Company, N.A. 3 7.25% $9,474
HOMEOWNERS FINANCIAL GROUP USA, LLC 3 6.46% $9,140
Regions Bank 3 6.75% $7,516
RESIDENTIAL BANCORP 2 6.88% $11,683
ALLIED MORTGAGE GROUP, INC. 2 6.69% $8,850
Central Bank 2 6.19% $7,887
DEVELOPER'S MORTGAGE COMPANY 2 7.88% $13,819
EMBRACE HOME LOANS, INC. 2 6.94% $8,894
GSF Mortgage Corporation 2 6.63% $7,830
KELLER MORTGAGE, LLC 2 6.38% $8,286
LCNB National Bank 2 6.88% $7,506
MORIA DEVELOPMENT, INC. 2 7.63% $9,139
Neighborhood Loans, Inc. 2 6.56% $9,993
NEW DAY FINANCIAL, LLC 2 7.63% $9,277
OCEANSIDE MORTGAGE COMPANY 2 6.38% $5,936
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 7.06% $9,923
SECURITYNATIONAL MORTGAGE COMPANY 2 6.75% $13,353
Servion, Inc. 2 6.81% $9,017
Strong Home Mortgage, LLC 2 6.19% $12,410
TOWNE MORTGAGE COMPANY 2 6.75% $12,698
VANDERBILT MORTGAGE AND FINANCE, INC. 2 7.00% $10,568
VERITAS FUNDING, LLC 2 6.44% $17,698
Wells Fargo Bank 2 5.56% $6,455
CIBM Bank 1 6.12% $6,663
1ST SIGNATURE LENDING, LLC 1 5.63% $10,973
Merchants Bank of Indiana 1 7.13% $4,614
Sierra Pacific Mortgage Company, Inc. 1 5.13% $17,593
SOUTH CENTRAL BANK, INC. 1 6.75% $11,119
SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.50% $11,196
Magnolia Bank 1 6.25% $11,903
Stock Yards Bank & Trust Company 1 7.38% $5,500
BNC National Bank 1 5.25% $11,324
LAND HOME FINANCIAL SERVICES, INC. 1 7.00% $19,494
HOWARD HANNA FINANCIAL SERVICES, INC. 1 7.00% $8,606
HOMEXPRESS MORTGAGE CORP. 1 7.00% $18,906
SUPERIOR FINANCIAL SOLUTIONS, LLC 1 6.63% $5,381
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.38% $11,260
The Central Trust Bank 1 5.13% $19,706
THE EQUITABLE MORTGAGE CORPORATION 1 6.25% $11,228
Goldwater Bank, N.A. 1 7.25% $6,709
German American Bank 1 7.00% $7,969
Forcht Bank 1 6.38% $5,590
The State Bank and Trust Company 1 7.38% $10,546
The Union Bank Company 1 7.00% $12,600
First Horizon Bank 1 6.63% $8,919
TJC Mortgage, Inc. 1 6.88% $12,439
First Commonwealth Bank 1 7.63% $6,099
BAY EQUITY LLC 1 7.00% $6,543
First Bank 1 6.13% $10,991
FAIR WAY LENDING LLC 1 6.50% $6,799
EVANSVILLE TEACHERS 1 8.13% $7,502
DRAPER AND KRAMER MORTGAGE CORP. 1 6.75% $7,449
DIRECT MORTGAGE LOANS, LLC 1 6.49% $16,062
US MORTGAGE CORPORATION 1 7.63% $7,982
Willamette Valley Bank 1 6.25% $10,352
Cornerstone First Mortgage, Inc 1 7.75% $13,241
AmRes Corporation 1 6.88% $15,821
CONTOUR MORTGAGE CORPORATION 1 6.75% $10,322
COMPASS MORTGAGE, INC. 1 6.63% $15,338
Citibank 1 6.75% $3,982
Renasant Bank 1 6.13% $7,423
PLAZA HOME MORTGAGE, INC. 1 6.25% $15,153
Peoples Bank 1 6.75% $7,653
PENTAGON FEDERAL CREDIT UNION 1 5.50% $11,069
NTFN, INC. 1 6.25% $7,352
MORTGAGE CENTER L.C 1 6.50% $7,107
MORTGAGE 1 INCORPORATED 1 6.99% $9,755

The top Cincinnati FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 600 FHA loans originated. Their average total fees are $9,885, which is $1,334 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Cincinnati FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($5,228), Fifth Third Bank ($5,343), RUOFF MORTGAGE COMPANY, INC. ($6,669), U.S. Bank ($7,098) and Guardian Savings Bank, A Federal Savings Bank ($7,186).

The lowest rate Cincinnati FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.50%), NVR Mortgage Finance, Inc. (5.73%), CARDINAL FINANCIAL (6.01%), AMERISAVE MORTGAGE CORPORATION (6.02%) and VICTORY MORTGAGE, L.L.C. (6.07%).

Cincinnati FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
CINCINNATI, OH-KY-IN DEARBORN 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN OHIO 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN UNION 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN BOONE 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN BRACKEN 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN CAMPBELL 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN GALLATIN 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN GRANT 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN KENTON 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN PENDLETON 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN BROWN 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN BUTLER 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN CLERMONT 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN HAMILTON 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN WARREN 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN DEARBORN 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN OHIO 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN UNION 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN BOONE 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN BRACKEN 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN CAMPBELL 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN GALLATIN 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN GRANT 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN KENTON 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN PENDLETON 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN BROWN 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN BUTLER 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN CLERMONT 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN HAMILTON 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN WARREN 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Cincinnati (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $222,500 (20.7%) $307,339 (9.9%) 0.82 5,218
2018-02-01 $237,000 (23.9%) $319,983 (11.1%) 0.86 5,010
2018-03-01 $255,000 (20.3%) $344,718 (12.8%) 0.89 4,838
2018-04-01 $268,950 (17.5%) $354,734 (11.7%) 0.91 5,011
2018-05-01 $274,900 (14.8%) $358,952 (11.3%) 0.92 5,302
2018-06-01 $269,900 (12.5%) $352,269 (9.0%) 0.90 5,805
2018-07-01 $269,900 (12.5%) $349,730 (9.3%) 0.90 6,180
2018-08-01 $259,418 (9.5%) $341,535 (7.7%) 0.87 6,449
2018-09-01 $254,690 (8.4%) $336,675 (6.3%) 0.86 6,630
2018-10-01 $249,900 (10.1%) $332,396 (6.4%) 0.85 6,708
2018-11-01 $245,450 (9.1%) $328,228 (6.3%) 0.83 6,595
2018-12-01 $239,900 (9.1%) $328,874 (7.9%) 0.83 5,922
2019-01-01 $239,450 (7.6%) $324,059 (5.4%) 0.83 5,386
2019-02-01 $252,450 (6.5%) $341,348 (6.7%) 0.85 4,951
2019-03-01 $266,371 (4.5%) $353,633 (2.6%) 0.87 4,923
2019-04-01 $277,450 (3.2%) $365,085 (2.9%) 0.88 4,960
2019-05-01 $289,900 (5.5%) $375,756 (4.7%) 0.91 5,143
2019-06-01 $285,000 (5.6%) $371,223 (5.4%) 0.89 5,255
2019-07-01 $282,450 (4.7%) $367,857 (5.2%) 0.88 5,398
2019-08-01 $275,836 (6.3%) $360,267 (5.5%) 0.87 5,479
2019-09-01 $269,741 (5.9%) $355,702 (5.7%) 0.86 5,495
2019-10-01 $265,208 (6.1%) $352,658 (6.1%) 0.86 5,493
2019-11-01 $259,900 (5.9%) $345,346 (5.2%) 0.85 5,173
2019-12-01 $259,000 (8.0%) $342,009 (4.0%) 0.86 4,605
2020-01-01 $264,500 (10.5%) $346,436 (6.9%) 0.88 4,108
2020-02-01 $279,900 (10.9%) $368,272 (7.9%) 0.92 3,598
2020-03-01 $299,000 (12.3%) $384,791 (8.8%) 0.94 3,506
2020-04-01 $299,450 (7.9%) $383,323 (5.0%) 0.94 3,565
2020-05-01 $324,900 (12.1%) $399,801 (6.4%) 0.99 3,432
2020-06-01 $334,225 (17.3%) $420,800 (13.4%) 0.98 3,165
2020-07-01 $336,950 (19.3%) $428,223 (16.4%) 0.98 2,926
2020-08-01 $322,282 (16.8%) $425,901 (18.2%) 0.92 2,956
2020-09-01 $315,005 (16.8%) $425,724 (19.7%) 0.90 3,004
2020-10-01 $299,900 (13.1%) $417,208 (18.3%) 0.86 3,058
2020-11-01 $290,510 (11.8%) $408,504 (18.3%) 0.85 2,959
2020-12-01 $292,450 (12.9%) $414,041 (21.1%) 0.87 2,570
2021-01-01 $299,900 (13.4%) $427,965 (23.5%) 0.90 2,178
2021-02-01 $317,300 (13.4%) $441,337 (19.8%) 0.92 1,783
2021-03-01 $325,000 (8.7%) $453,223 (17.8%) 0.92 1,715
2021-04-01 $347,400 (16.0%) $479,569 (25.1%) 0.94 1,690
2021-05-01 $356,900 (9.9%) $489,372 (22.4%) 0.95 1,861
2021-06-01 $348,458 (4.3%) $480,220 (14.1%) 0.92 2,102
2021-07-01 $325,000 (-3.6%) $455,528 (6.4%) 0.86 2,497
2021-08-01 $315,995 (-2.0%) $433,994 (1.9%) 0.84 2,829
2021-09-01 $304,950 (-3.2%) $429,369 (0.9%) 0.81 2,853
2021-10-01 $300,000 (0.0%) $426,638 (2.3%) 0.80 2,715
2021-11-01 $299,450 (3.1%) $420,985 (3.1%) 0.80 2,464
2021-12-01 $296,950 (1.5%) $426,952 (3.1%) 0.80 2,127
2022-01-01 $299,900 (0.0%) $435,203 (1.7%) 0.81 1,806
2022-02-01 $322,000 (1.5%) $461,596 (4.6%) 0.84 1,446
2022-03-01 $319,450 (-1.7%) $458,633 (1.2%) 0.80 1,401
2022-04-01 $324,800 (-6.5%) $453,574 (-5.4%) 0.77 1,469
2022-05-01 $324,950 (-9.0%) $449,609 (-8.1%) 0.74 1,855
2022-06-01 $325,000 (-6.7%) $449,907 (-6.3%) 0.72 2,159
2022-07-01 $315,000 (-3.1%) $435,575 (-4.4%) 0.71 2,530
2022-08-01 $322,375 (2.0%) $435,786 (0.4%) 0.75 2,604
2022-09-01 $325,000 (6.6%) $443,643 (3.3%) 0.76 2,510
2022-10-01 $324,900 (8.3%) $443,816 (4.0%) 0.76 2,745
2022-11-01 $325,000 (8.5%) $444,280 (5.5%) 0.78 2,715
2022-12-01 $325,000 (9.5%) $446,899 (4.7%) 0.80 2,353
2023-01-01 $327,450 (9.2%) $452,234 (3.9%) 0.81 2,050
2023-02-01 $359,950 (11.8%) $489,466 (6.0%) 0.87 1,736
2023-03-01 $367,347 (15.0%) $505,645 (10.3%) 0.87 1,672
2023-04-01 $385,000 (18.5%) $511,811 (12.8%) 0.90 1,838
2023-05-01 $389,500 (19.9%) $518,492 (15.3%) 0.88 1,906
2023-06-01 $389,900 (20.0%) $510,455 (13.5%) 0.88 2,124
2023-07-01 $383,367 (21.7%) $513,414 (17.9%) 0.87 2,250
2023-08-01 $375,000 (16.3%) $502,303 (15.3%) 0.86 2,425
2023-09-01 $372,500 (14.6%) $497,661 (12.2%) 0.87 2,664
2023-10-01 $356,450 (9.7%) $483,367 (8.9%) 0.84 2,924
2023-11-01 $344,153 (5.9%) $465,584 (4.8%) 0.82 3,028
2023-12-01 $335,000 (3.1%) $454,966 (1.8%) 0.82 2,773
2024-01-01 $329,900 (0.8%) $451,122 (-0.3%) 0.81 2,451
2024-02-01 $336,850 (-6.4%) $469,102 (-4.2%) 0.81 2,190
2024-03-01 $350,000 (-4.7%) $489,433 (-3.2%) 0.82 2,142
2024-04-01 $374,998 (-2.6%) $495,292 (-3.2%) 0.87 2,264
2024-05-01 $383,375 (-1.6%) $507,104 (-2.2%) 0.87 2,419
Cincinnati's median listing price for 2024-05-01 was $383,375, a difference of $-6,125 (-1.6%) versus the prior year and $8,377 versus the prior month.

Cincinnati's median listing price comes in at 87% of the national average.

Cincinnati's average listing price for 2024-05-01 was $507,104, a difference of $-11,388 (-2.2%) versus the prior year and $11,812 versus the prior month.

For the 2024-05-01 period, Cincinnati had 2,419 MLS listings, a difference of 155 listings (7%) versus the prior month and 513 listings (27%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Cincinnati (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 78 days 1,860 sqft
2018-02-01 69 days 1,886 sqft
2018-03-01 48 days 2,008 sqft
2018-04-01 44 days 2,100 sqft
2018-05-01 39 days 2,142 sqft
2018-06-01 40 days 2,120 sqft
2018-07-01 43 days 2,106 sqft
2018-08-01 45 days 2,068 sqft
2018-09-01 49 days 2,019 sqft
2018-10-01 52 days 1,985 sqft
2018-11-01 54 days 1,956 sqft
2018-12-01 64 days 1,925 sqft
2019-01-01 72 days 1,897 sqft
2019-02-01 67 days 1,963 sqft
2019-03-01 51 days 2,011 sqft
2019-04-01 43 days 2,057 sqft
2019-05-01 40 days 2,119 sqft
2019-06-01 42 days 2,119 sqft
2019-07-01 46 days 2,114 sqft
2019-08-01 47 days 2,071 sqft
2019-09-01 49 days 2,031 sqft
2019-10-01 50 days 2,000 sqft
2019-11-01 52 days 1,971 sqft
2019-12-01 64 days 1,937 sqft
2020-01-01 71 days 1,943 sqft
2020-02-01 61 days 2,032 sqft
2020-03-01 45 days 2,096 sqft
2020-04-01 45 days 2,091 sqft
2020-05-01 47 days 2,177 sqft
2020-06-01 45 days 2,211 sqft
2020-07-01 43 days 2,188 sqft
2020-08-01 38 days 2,122 sqft
2020-09-01 37 days 2,046 sqft
2020-10-01 37 days 1,997 sqft
2020-11-01 40 days 1,899 sqft
2020-12-01 52 days 1,883 sqft
2021-01-01 54 days 1,842 sqft
2021-02-01 50 days 1,832 sqft
2021-03-01 33 days 1,860 sqft
2021-04-01 31 days 1,934 sqft
2021-05-01 24 days 1,993 sqft
2021-06-01 24 days 1,942 sqft
2021-07-01 25 days 1,861 sqft
2021-08-01 28 days 1,812 sqft
2021-09-01 33 days 1,792 sqft
2021-10-01 36 days 1,762 sqft
2021-11-01 38 days 1,731 sqft
2021-12-01 46 days 1,680 sqft
2022-01-01 57 days 1,680 sqft
2022-02-01 51 days 1,674 sqft
2022-03-01 31 days 1,686 sqft
2022-04-01 24 days 1,687 sqft
2022-05-01 21 days 1,749 sqft
2022-06-01 22 days 1,802 sqft
2022-07-01 25 days 1,791 sqft
2022-08-01 30 days 1,784 sqft
2022-09-01 36 days 1,792 sqft
2022-10-01 33 days 1,836 sqft
2022-11-01 40 days 1,828 sqft
2022-12-01 51 days 1,800 sqft
2023-01-01 55 days 1,811 sqft
2023-02-01 49 days 1,821 sqft
2023-03-01 38 days 1,836 sqft
2023-04-01 31 days 1,914 sqft
2023-05-01 32 days 2,006 sqft
2023-06-01 30 days 2,005 sqft
2023-07-01 31 days 1,974 sqft
2023-08-01 32 days 1,968 sqft
2023-09-01 32 days 1,973 sqft
2023-10-01 33 days 1,937 sqft
2023-11-01 38 days 1,888 sqft
2023-12-01 44 days 1,830 sqft
2024-01-01 54 days 1,789 sqft
2024-02-01 39 days 1,796 sqft
2024-03-01 37 days 1,847 sqft
2024-04-01 32 days 1,878 sqft
2024-05-01 29 days 1,880 sqft
Cincinnati's median listing age (time on market) for 2024-05-01 was 29 days. This is -8% shorter than the same period one year ago.

Cincinnati's median square footage for active listings during the 2024-05-01 period was 1,880 sqft. One year prior, the average listing was 2,006 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).