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 209 lenders originated 7,252 FHA loans during 2022. The total origination value was $1,492,580,000, with an average FHA loan value of $205,816.

Cincinnati FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Cincinnati averaged 6.19% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

Cincinnati's average FHA mortgage closing costs are $6,697.

The average rate for the prior week (2023-05-19) was 6.06% and one month ago for the week of 2023-04-21, the average rate was 5.8%.

The average rate one year ago was 4.82%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.49%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 665 4.55% $8,873
CALIBER HOME LOANS, INC. 286 4.80% $7,823
UNITED WHOLESALE MORTGAGE, LLC 267 4.86% $8,695
CROSSCOUNTRY MORTGAGE, LLC 254 5.46% $10,754
AMERICAN MORTGAGE SERVICE COMPANY 192 5.16% $7,700
Paramount Residential Mortgage Group, Inc. 178 5.37% $9,420
NATIONS RELIABLE LENDING, LLC 172 5.32% $10,104
FREEDOM MORTGAGE CORPORATION 157 5.18% $8,998
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 151 5.37% $8,498
LOANDEPOT.COM, LLC 123 4.67% $9,352
Mr. Cooper ( Nationstar Mortgage ) 121 4.55% $9,424
DAS Acquisition Company, LLC 121 5.45% $9,711
UNION HOME MORTGAGE CORP. 120 5.23% $8,302
The Huntington National Bank 118 5.06% $7,441
PRIMELENDING, A PLAINSCAPITAL COMPANY 117 5.04% $8,846
Union Savings Bank 117 4.64% $6,890
RUOFF MORTGAGE COMPANY, INC. 112 5.41% $7,030
AMERICAN PACIFIC MORTGAGE CORPORATION 110 5.30% $9,241
NVR Mortgage Finance, Inc. 105 4.46% $12,637
Fifth Third Bank 103 4.93% $5,800
SUCCESS MORTGAGE PARTNERS, INC. 101 5.40% $8,548
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 100 5.27% $8,969
VICTORY MORTGAGE, L.L.C. 95 4.71% $8,482
AMERISAVE MORTGAGE CORPORATION 95 4.64% $9,994
RAPID MORTGAGE COMPANY 93 5.39% $10,565
PENNYMAC LOAN SERVICES, LLC 89 4.16% $8,200
LAKEVIEW LOAN SERVICING, LLC 87 4.14% $6,222
Carrington Mortgage Services, LLC 87 5.09% $9,467
BAYSHORE MORTGAGE FUNDING, LLC 87 5.57% $10,582
GUARANTEED RATE, INC. 81 5.22% $8,889
POLARIS HOME FUNDING CORP. 81 5.29% $10,736
GUARANTEED RATE AFFINITY, LLC 70 5.09% $8,959
BROKER SOLUTIONS, INC. 65 5.33% $10,322
T2 FINANCIAL LLC 63 5.07% $11,725
STOCKTON MORTGAGE CORPORATION 61 5.26% $9,755
ARC HOME LLC 60 5.04% $9,269
CARDINAL FINANCIAL 56 5.02% $10,006
VAN DYK MORTGAGE CORPORATION 55 5.15% $8,305
U.S. Bank 53 5.24% $7,082
Nations Lending Corporation 51 5.18% $9,441
Citizens Bank 50 4.67% $7,378
HOME POINT FINANCIAL CORPORATION 49 4.46% $8,792
Bank of England 49 5.42% $8,705
NEWREZ LLC 48 5.41% $8,241
Guardian Savings Bank, A Federal Savings Bank 47 4.74% $7,001
Prosperity Home Mortgage, LLC 46 5.48% $7,906
RiverHills Bank 37 5.29% $7,391
FINANCE OF AMERICA MORTGAGE LLC 37 5.04% $8,757
Equity Prime Mortgage LLC 35 5.58% $9,288
THRIVE MORTGAGE, LLC 35 6.02% $7,738
EVERETT FINANCIAL, INC. 34 5.45% $6,130
FIRST COMMUNITY MORTGAGE, INC. 33 6.09% $8,430
OPTION FINANCIAL, LLC 32 5.89% $7,656
Flagstar Bank, FSB 32 5.03% $9,802
HOMESIDE FINANCIAL, LLC 31 5.23% $9,350
First Financial Bank 29 5.12% $7,791
VILLAGE CAPITAL MORTGAGE 29 3.58% $3,248
GUARANTY HOME MORTGAGE CORPORATION 28 4.96% $8,689
Cincinnati Federal 28 4.90% $6,986
ENVOY MORTGAGE, LTD 27 4.92% $8,307
NORWICH COMMERCIAL GROUP, INC. 27 5.77% $7,651
AMCAP MORTGAGE, LTD. 25 5.19% $9,609
MOVEMENT MORTGAGE, LLC 24 5.05% $7,930
Mortgage Research Center, LLC 24 5.23% $5,995
AMERICAN FINANCING CORPORATION 24 4.65% $8,485
AMERIFIRST FINANCIAL CORPORATION 24 5.21% $8,604
JLB CORPORATION 23 4.67% $8,013
PNC Bank 23 4.41% $5,514
PLANET HOME LENDING, LLC 23 3.74% $6,427
1st National Bank 22 4.78% $7,209
RELIANCE FIRST CAPITAL, LLC 21 4.51% $10,027
EQUITY RESOURCES, INC. 19 5.25% $7,042
MUTUAL OF OMAHA MORTGAGE, INC. 19 5.02% $10,846
DHI MORTGAGE COMPANY, LTD. 18 4.39% $8,460
CHURCHILL MORTGAGE CORPORATION 18 4.90% $9,102
UNITED MORTGAGE CORP. 17 4.96% $10,442
TOP FLITE FINANCIAL, INC. 16 5.66% $12,561
The Federal Savings Bank 15 4.83% $12,437
Regions Bank 15 5.42% $8,457
LIBERTY HOME MORTGAGE CORPORATION 15 5.28% $9,898
Gateway First Bank 14 5.88% $8,556
First Guaranty Mortgage Corporation 14 3.94% $8,543
HOMEBRIDGE FINANCIAL SERVICES, INC. 14 4.71% $8,573
JPMorgan Chase Bank 13 5.46% $5,431
SIBCY CLINE MORTGAGE SERVICES, INC. 12 5.77% $6,074
Mercantile Bank of Michigan 11 4.51% $8,646
Lakeview Community Capital, LLC 11 3.95% $6,035
MID AMERICA MORTGAGE, INC. 11 5.27% $6,435
MYCUMORTGAGE, LLC 11 4.32% $6,154
PRIMARY RESIDENTIAL MORTGAGE, INC. 11 5.42% $11,620
NFM, INC. 10 5.76% $9,967
WRIGHT-PATT CREDIT UNION, INC. 10 5.05% $6,982
AMERICAN FINANCIAL RESOURCES, INC. 10 5.14% $8,975
FIRST EQUITY MORTGAGE INCORPORATED 9 4.35% $8,894
NATIONS DIRECT MORTGAGE, LLC 9 4.96% $9,307
M/I FINANCIAL, LLC 8 5.17% $12,347
The Union Bank Company 8 4.16% $8,818
EMBRACE HOME LOANS, INC. 8 4.87% $10,271
Hometown Lenders, Inc. 8 5.39% $9,503
M&T Bank 8 4.44% $7,144
Warsaw Federal Savings and Loan Association 7 5.27% $10,368
Ixonia Bank 7 5.57% $11,380
DEVELOPER'S MORTGAGE COMPANY 7 4.95% $9,278
SUN WEST MORTGAGE COMPANY, INC. 7 4.83% $8,308
CMG MORTGAGE, INC. 6 4.37% $6,489
Republic Bank & Trust Company 6 4.96% $7,796
PACIFIC RESIDENTIAL MORTGAGE, LLC 6 3.94% $7,818
ZILLOW HOME LOANS, LLC 6 4.33% $8,254
Peoples Bank 6 4.69% $10,440
1ST SIGNATURE LENDING, LLC 5 5.20% $12,853
WesBanco Bank, Inc. 5 5.50% $6,463
LOANPAL, LLC 5 4.15% $10,998
US MORTGAGE CORPORATION 5 5.85% $11,071
MORIA DEVELOPMENT, INC. 5 5.60% $9,155
GENEVA FINANCIAL, LLC 5 5.70% $7,972
NATIONWIDE MORTGAGE BANKERS, INC. 5 5.10% $12,415
Servion, Inc. 5 5.28% $7,160
Northpointe Bank 5 5.68% $7,247
Century Mortgage Company DBA Century Lending Company 4 5.53% $7,028
SOUTHWEST FUNDING, LP 4 6.13% $6,487
MICHIGAN MUTUAL, INC. 4 5.47% $11,920
Truist 4 5.06% $6,757
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 4 6.19% $10,329
GUILD MORTGAGE COMPANY 4 5.06% $10,190
Heartland Bank 4 4.50% $5,929
ROYAL UNITED MORTGAGE LLC 4 3.53% $10,397
Hometown Equity Mortgage, LLC 4 5.72% $11,601
DRAPER AND KRAMER MORTGAGE CORP. 4 4.69% $9,539
SUMMIT FUNDING, INC. 4 5.06% $8,951
The Park National Bank 3 6.88% $10,947
ENDEAVOR CAPITAL, LLC. 3 5.96% $8,616
Residential Mortgage Solutions, Inc. 3 5.17% $13,593
RESIDENTIAL BANCORP. 3 3.96% $9,489
MIDLAND MORTGAGE CORPORATION 3 5.04% $14,633
KELLER MORTGAGE, LLC 3 5.08% $7,778
GSF Mortgage Corporation 3 5.46% $11,303
Civista Bank 3 3.75% $5,893
Plains Commerce Bank 3 6.50% $12,405
PLAZA HOME MORTGAGE, INC. 3 5.79% $9,454
CONTOUR MORTGAGE CORPORATION 3 5.29% $8,127
NETWORK CAPITAL FUNDING CORPORATION 3 5.21% $8,348
S1L, Inc. 3 5.08% $9,014
KeyBank 3 4.67% $7,935
AmeriHome Mortgage Company, LLC 2 4.13% $6,722
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 5.00% $13,080
First Internet Bank of Indiana 2 4.69% $6,705
Neighborhood Loans, Inc. 2 4.75% $8,647
First Federal Bank of the Midwest 2 4.81% $7,475
OCMBC, INC. 2 3.69% $7,924
EMM LOANS LLC 2 5.50% $8,437
Strong Home Mortgage, LLC 2 4.25% $11,094
Barrington Bank & Trust Company, N.A. 2 5.49% $9,322
THE MORTGAGE FIRM, INC. 2 6.88% $10,233
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.38% $7,000
ALLIED MORTGAGE GROUP, INC. 2 4.56% $14,956
East Coast Capital Corp. 1 6.75% $8,291
Princeton Mortgage Corporation 1 5.75% $6,849
Paramount Bank 1 5.25% $11,530
DIRECT MORTGAGE LOANS, LLC 1 4.25% $7,363
First Commonwealth Bank 1 4.75% $10,323
OPEN MORTGAGE, LLC 1 5.25% $9,334
OCEANSIDE MORTGAGE COMPANY 1 3.25% $5,311
OAKTREE FUNDING CORP. 1 5.63% $5,791
NORTHERN MORTGAGE SERVICES, LLC 1 6.13% $11,661
North American Savings Bank, F.S.B. 1 5.13% $7,204
Colonial Savings, F.A. 1 5.38% $6,976
ROSS MORTGAGE CORPORATION 1 4.75% $9,188
NEXERA HOLDING LLC 1 4.63% $6,067
First Federal Savings and Loan Association of Lakewood 1 6.88% $9,484
Network Funding, L.P. 1 6.63% $18,983
NBKC BANK 1 6.50% $7,502
First Home Bank 1 3.38% $10,993
SOUTH CENTRAL BANK, INC. 1 3.25% $6,109
SOUTHPOINT FINANCIAL SERVICES, INC. 1 5.00% $8,100
Wyndham Capital Mortgage, Inc. 1 6.25% $12,372
SOVEREIGN LENDING GROUP INCORPORATED 1 4.63% $10,056
CHERRY CREEK MORTGAGE, LLC 1 3.88% $6,052
Wells Fargo Bank 1 3.75% $0
FIRST OHIO HOME FINANCE, INC. 1 6.75% $2,316
Forcht Bank 1 3.50% $5,486
MORTGAGE SUPPLIERS, INC. 1 5.75% $3,293
CapStar Bank 1 3.50% $9,678
Texana Bank 1 5.00% $13,646
THE EQUITABLE MORTGAGE CORPORATION 1 5.25% $4,978
BNC National Bank 1 4.75% $6,483
Grand Bank for Savings, FSB 1 5.13% $6,714
LEADERONE FINANCIAL CORPORATION 1 5.25% $17,660
German American Bank 1 4.50% $8,364
MILESTONE HOME LENDING, LLC 1 7.25% $6,184
Bank of America 1 6.88% $5,775
HAMILTON HOME LOANS, INC. 1 5.13% $12,090
Meridian Bank Corporation 1 5.75% $6,204
AmRes Corporation 1 5.25% $18,946
Ameris Bank 1 5.50% $11,997
INTERLINC MORTGAGE SERVICES, LLC 1 5.75% $11,737
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 5.13% $22,319
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.99% $9,992
Magnolia Bank 1 5.63% $7,972
VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.13% $13,660
INTERCAP LENDING INC. 1 6.50% $11,319
ACADEMY MORTGAGE CORPORATION 1 6.13% $9,457
Low VA Rates, LLC 1 4.75% $10,215
Goldwater Bank, N.A. 1 4.75% $7,027
PHH Mortgage Corporation 1 5.13% $12,106
PENTAGON FEDERAL CREDIT UNION 1 4.63% $6,534
PLUS RELOCATION MORTGAGE, LLC 1 5.75% $9,256
Waterstone Mortgage Corporation 1 7.63% $6,975
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.75% $9,695
FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.75% $8,160

The top Cincinnati FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 665 FHA loans originated. Their average total fees are $8,873, which is $1,050 higher than the next largest lender, CALIBER HOME LOANS, INC..

The lowest fee Cincinnati FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($3,248), JPMorgan Chase Bank ($5,431), PNC Bank ($5,514), Fifth Third Bank ($5,800) and Mortgage Research Center, LLC ($5,995).

The lowest rate Cincinnati FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (3.58%), PLANET HOME LENDING, LLC (3.74%), First Guaranty Mortgage Corporation (3.94%), Lakeview Community Capital, LLC (3.95%) and LAKEVIEW LOAN SERVICING, LLC (4.14%).

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 $223,148 (20.8%) $307,307 (9.9%) 0.83 5,227
2018-02-01 $237,230 (23.8%) $319,926 (11.0%) 0.86 5,019
2018-03-01 $257,100 (21.3%) $344,606 (12.8%) 0.90 4,838
2018-04-01 $268,950 (17.5%) $354,658 (11.7%) 0.91 5,011
2018-05-01 $274,900 (14.8%) $358,871 (11.3%) 0.92 5,304
2018-06-01 $269,900 (12.5%) $352,200 (8.9%) 0.90 5,806
2018-07-01 $269,900 (12.5%) $349,656 (9.3%) 0.90 6,182
2018-08-01 $259,400 (9.4%) $341,467 (7.7%) 0.87 6,453
2018-09-01 $254,690 (8.4%) $336,634 (6.2%) 0.86 6,634
2018-10-01 $249,900 (10.1%) $332,346 (6.4%) 0.85 6,712
2018-11-01 $245,450 (9.1%) $328,181 (6.3%) 0.83 6,599
2018-12-01 $239,900 (9.1%) $328,810 (7.8%) 0.83 5,923
2019-01-01 $239,450 (7.3%) $323,996 (5.4%) 0.83 5,387
2019-02-01 $252,450 (6.4%) $341,259 (6.7%) 0.85 4,953
2019-03-01 $274,900 (6.9%) $360,575 (4.6%) 0.92 4,866
2019-04-01 $279,400 (3.9%) $365,181 (3.0%) 0.89 4,914
2019-05-01 $289,900 (5.5%) $375,788 (4.7%) 0.91 5,146
2019-06-01 $285,450 (5.8%) $371,221 (5.4%) 0.89 5,257
2019-07-01 $282,450 (4.7%) $367,936 (5.2%) 0.88 5,399
2019-08-01 $279,900 (7.9%) $365,217 (7.0%) 0.88 5,376
2019-09-01 $284,040 (11.5%) $375,133 (11.4%) 0.90 4,793
2019-10-01 $265,208 (6.1%) $352,826 (6.2%) 0.86 5,462
2019-11-01 $259,900 (5.9%) $345,306 (5.2%) 0.85 5,174
2019-12-01 $259,000 (8.0%) $341,964 (4.0%) 0.86 4,606
2020-01-01 $264,475 (10.5%) $346,351 (6.9%) 0.88 4,110
2020-02-01 $279,900 (10.9%) $368,172 (7.9%) 0.92 3,601
2020-03-01 $299,000 (8.8%) $384,636 (6.7%) 0.94 3,510
2020-04-01 $299,450 (7.2%) $383,189 (4.9%) 0.94 3,568
2020-05-01 $324,900 (12.1%) $399,764 (6.4%) 0.99 3,433
2020-06-01 $333,925 (17.0%) $420,625 (13.3%) 0.98 3,167
2020-07-01 $335,862 (18.9%) $427,991 (16.3%) 0.97 2,929
2020-08-01 $322,092 (15.1%) $425,777 (16.6%) 0.92 2,958
2020-09-01 $314,950 (10.9%) $425,604 (13.5%) 0.90 3,006
2020-10-01 $299,900 (13.1%) $417,097 (18.2%) 0.86 3,060
2020-11-01 $290,300 (11.7%) $408,428 (18.3%) 0.85 2,960
2020-12-01 $292,450 (12.9%) $413,988 (21.1%) 0.87 2,571
2021-01-01 $299,900 (13.4%) $427,814 (23.5%) 0.90 2,181
2021-02-01 $317,049 (13.3%) $441,207 (19.8%) 0.92 1,785
2021-03-01 $325,000 (8.7%) $453,169 (17.8%) 0.92 1,715
2021-04-01 $347,101 (15.9%) $479,395 (25.1%) 0.94 1,691
2021-05-01 $356,900 (9.9%) $489,333 (22.4%) 0.95 1,862
2021-06-01 $348,458 (4.4%) $480,220 (14.2%) 0.92 2,102
2021-07-01 $325,000 (-3.2%) $455,462 (6.4%) 0.86 2,498
2021-08-01 $315,475 (-2.1%) $433,845 (1.9%) 0.84 2,832
2021-09-01 $304,950 (-3.2%) $429,283 (0.9%) 0.81 2,854
2021-10-01 $300,000 (0.0%) $426,201 (2.2%) 0.80 2,716
2021-11-01 $299,000 (3.0%) $420,738 (3.0%) 0.80 2,464
2021-12-01 $296,950 (1.5%) $427,005 (3.1%) 0.80 2,127
2022-01-01 $299,900 (0.0%) $435,203 (1.7%) 0.81 1,807
2022-02-01 $317,500 (0.1%) $461,798 (4.7%) 0.83 1,447
2022-03-01 $319,450 (-1.7%) $458,924 (1.3%) 0.80 1,401
2022-04-01 $319,911 (-7.8%) $453,980 (-5.3%) 0.76 1,469
2022-05-01 $324,950 (-9.0%) $449,667 (-8.1%) 0.74 1,855
2022-06-01 $324,950 (-6.8%) $450,385 (-6.2%) 0.72 2,160
2022-07-01 $315,000 (-3.1%) $435,627 (-4.4%) 0.71 2,532
2022-08-01 $321,900 (2.0%) $436,091 (0.5%) 0.74 2,606
2022-09-01 $324,975 (6.6%) $443,703 (3.4%) 0.76 2,510
2022-10-01 $324,900 (8.3%) $443,747 (4.1%) 0.76 2,746
2022-11-01 $325,000 (8.7%) $444,428 (5.6%) 0.78 2,716
2022-12-01 $325,000 (9.5%) $447,240 (4.7%) 0.80 2,354
2023-01-01 $327,475 (9.2%) $452,515 (4.0%) 0.81 2,051
2023-02-01 $359,950 (13.4%) $489,533 (6.0%) 0.87 1,736
2023-03-01 $367,400 (15.0%) $506,224 (10.3%) 0.87 1,672
2023-04-01 $385,000 (20.4%) $512,893 (13.0%) 0.90 1,837
Cincinnati's median listing price for 2023-04-01 was $385,000, a difference of $65,089 (20.4%) versus the prior year and $17,600 versus the prior month.

Cincinnati's median listing price comes in at 90% of the national average.

Cincinnati's average listing price for 2023-04-01 was $512,893, a difference of $58,913 (13.0%) versus the prior year and $6,669 versus the prior month.

For the 2023-04-01 period, Cincinnati had 1,837 MLS listings, a difference of 165 listings (10%) versus the prior month and 368 listings (25%) 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 82 days 1,854 sqft
2018-02-01 74 days 1,880 sqft
2018-03-01 53 days 2,000 sqft
2018-04-01 48 days 2,093 sqft
2018-05-01 44 days 2,135 sqft
2018-06-01 43 days 2,107 sqft
2018-07-01 45 days 2,099 sqft
2018-08-01 47 days 2,059 sqft
2018-09-01 51 days 2,012 sqft
2018-10-01 56 days 1,976 sqft
2018-11-01 58 days 1,946 sqft
2018-12-01 66 days 1,916 sqft
2019-01-01 74 days 1,880 sqft
2019-02-01 72 days 1,951 sqft
2019-03-01 54 days 2,040 sqft
2019-04-01 46 days 2,049 sqft
2019-05-01 44 days 2,110 sqft
2019-06-01 44 days 2,111 sqft
2019-07-01 48 days 2,104 sqft
2019-08-01 59 days 2,091 sqft
2019-09-01 62 days 2,086 sqft
2019-10-01 52 days 1,987 sqft
2019-11-01 54 days 1,956 sqft
2019-12-01 67 days 1,921 sqft
2020-01-01 76 days 1,927 sqft
2020-02-01 66 days 2,016 sqft
2020-03-01 49 days 2,072 sqft
2020-04-01 48 days 2,074 sqft
2020-05-01 51 days 2,152 sqft
2020-06-01 48 days 2,204 sqft
2020-07-01 45 days 2,166 sqft
2020-08-01 40 days 2,108 sqft
2020-09-01 38 days 2,030 sqft
2020-10-01 39 days 1,969 sqft
2020-11-01 43 days 1,882 sqft
2020-12-01 55 days 1,842 sqft
2021-01-01 58 days 1,812 sqft
2021-02-01 54 days 1,785 sqft
2021-03-01 38 days 1,815 sqft
2021-04-01 32 days 1,893 sqft
2021-05-01 26 days 1,974 sqft
2021-06-01 26 days 1,918 sqft
2021-07-01 26 days 1,835 sqft
2021-08-01 30 days 1,795 sqft
2021-09-01 35 days 1,770 sqft
2021-10-01 38 days 1,743 sqft
2021-11-01 41 days 1,714 sqft
2021-12-01 49 days 1,674 sqft
2022-01-01 59 days 1,665 sqft
2022-02-01 54 days 1,660 sqft
2022-03-01 36 days 1,680 sqft
2022-04-01 28 days 1,680 sqft
2022-05-01 23 days 1,740 sqft
2022-06-01 24 days 1,778 sqft
2022-07-01 27 days 1,776 sqft
2022-08-01 31 days 1,770 sqft
2022-09-01 38 days 1,781 sqft
2022-10-01 36 days 1,823 sqft
2022-11-01 42 days 1,818 sqft
2022-12-01 52 days 1,788 sqft
2023-01-01 58 days 1,791 sqft
2023-02-01 54 days 1,787 sqft
2023-03-01 43 days 1,792 sqft
2023-04-01 35 days 1,840 sqft
Cincinnati's median listing age (time on market) for 2023-04-01 was 35 days. This is 25% longer than the same period one year ago.

Cincinnati's median square footage for active listings during the 2023-04-01 period was 1,840 sqft. One year prior, the average listing was 1,680 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).