Cincinnati Real Estate

Greater Cincinnati's Real Estate Connection

Kathy S. Koops GRI

Contact Me Today. Let's Work Together.

Affordable Housing in Cincinnati?

filed under: Real Estate posted on November 30th, 2018

SmartAsset researched affordability of the housing market in America.  

“SmartAsset ranked the places where residents may be getting priced out of affordable housing markets. They looked at data on household incomes and median home values. Then compare these figures over the period from 2016 to 2017. To see where they got the data and how we put it together to create the final rankings, check out our data and methodology below.”:

Cincinnati affordable housing

Source: SmartAsset.com

And affordable homes in Cincinnati are disappearing.

A quick check of the Multiple Listing Service of Cincinnati since 2016 shows the number of sales in different price ranges:

Affordable Housing

  2016 # Closed Homes 2017 # Closed Homes 2018 # Closed Homes YTD
> $100,000 5967 5152 3638
$100,000 - $200,000 8966 9055 8178

The number of homes closed priced up $200,000 is projected to decrease from last year.  It’s hard to call the decline in sales as a problem of less affordable homes selling or just a shortage of lower priced homes available.  As the real estate market continues to heat up some buyers will be priced out of the market.  

Stay tuned for more information as 2018 comes to a close.

Search

 

Comments are closed.