Elmwood Place, Cincinnati, OH—45216
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elmwood Place, Cincinnati, OH
As of Oct '25, the median home price in Elmwood Place, Cincinnati, OH is $156,000, with a year-over-year change of 2.2%. This indicates that home prices in Elmwood Place, Cincinnati, OH are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $156,000 | 2.2% |
| Single Family | $156,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $92,000 | 3.4% |
2 Bed | $134,000 | 1.5% |
3 Bed | $168,000 | 2.4% |
4 Bed | $202,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elmwood Place, Cincinnati, OH
As of July '25, Rentcast reports the average rent in Elmwood Place, Cincinnati, OH is $1,060, with a year-over-year rent change of -18.5%. Per bedroom, the median rent as of July '25 in Elmwood Place, Cincinnati, OH is studios: $750, 1-bedrooms: $855, 2-bedrooms: $1,140, 3-bedrooms: $1,420, 4-bedrooms: $1,880. The most common rental property sizes in Elmwood Place, Cincinnati, OH are 1-bedroom and 2-bedroom, accounting for 37.8% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $1,060 |
| Studio Rent | $750 | $750 |
| 1 Bed Rent | $825 | $855 |
| 2 Bed Rent | $1,000 | $1,140 |
| 3 Bed Rent | $1,300 | $1,420 |
| 4 Bed Rent | $1,880 | $1,880 |
% of Rental Stock
Property Listings — Elmwood Place, Cincinnati, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Elmwood Place, Cincinnati, OH is 18. This is a decrease of -40.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $167,000 | -22.0% |
Listing Count | 19 | -49.0% |
| Listings as % of Homes | 0.3% | -49.0% |
Days on Market | 18 | -40.0% |
Demographics — Elmwood Place, Cincinnati, OH
As of the latest ACS Survey released in 2023, Elmwood Place, Cincinnati, OH has a population of 9,490, which has increased by 6.4% over the past 5 years. Elmwood Place, Cincinnati, OH is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 27.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,490 | 6.4% |
% Under 18 | 25.3% | 2.8% |
% Seniors | 17.5% | 40.0% |
% WFH | 9.1% | 506.7% |
% w/ College Degree | 27.2% | 142.9% |
As of the latest ACS Survey released in 2023, Elmwood Place, Cincinnati, OH is a predominantly white area, with 55.6% of the population identifying as white. The white population has grown by 5.1% in the last 5 years. The second most common race or ethnicity in Elmwood Place, Cincinnati, OH is black, making up 20.0% of the population. Foreign-born residents account for 12.2% of the population in Elmwood Place, Cincinnati, OH, and this percentage has increased by 28.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.6% | 5.1% |
% Black | 20.0% | -37.1% |
% Hispanic | 14.8% | 16.5% |
% Asian | 0.8% | -50.0% |
% Foreign Born | 12.2% | 28.4% |
Mortgage and Risk — Elmwood Place, Cincinnati, OH
According to HUD data as of 2023, there were 88 mortgage originations in Elmwood Place, Cincinnati, OH, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Elmwood Place, Cincinnati, OH. Investor activity is low, as 14.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 88 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 14.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Elmwood Place, Cincinnati, OH
As of 2024, the percent of homes in Elmwood Place, Cincinnati, OH under the Section 8 program is 13.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Elmwood Place, Cincinnati, OH, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 241 |
Total Units Section 8 | 223 |
% Rentals under Section 8 | 13.3% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $115 | $825 | $940 |
| 2 Bedroom | $220 | $1,000 | $1,220 |
| 3 Bedroom | $320 | $1,300 | $1,620 |
| 4 Bedroom | -$90 | $1,880 | $1,790 |
Affordability — Elmwood Place, Cincinnati, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $156,000 |
| Median Household Income | $51,600 |