Cincinnati FHA Loan Rates, Closing Costs & Stats

CINCINNATI, OH-KY-IN

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    • 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).