Westwood, Cincinnati, OH—45238
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westwood, Cincinnati, OH
As of Oct '25, the median home price in Westwood, Cincinnati, OH is $214,000, with a year-over-year change of 0.9%. This indicates that home prices in Westwood, Cincinnati, OH are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $214,000 | 0.9% |
| Single Family | $216,000 | 0.9% |
| Condos | $159,000 | -4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $120,000 | 2.6% |
2 Bed | $167,000 | 1.2% |
3 Bed | $217,000 | 0.9% |
4 Bed | $258,000 | 2.0% |
| 5 Bed | $315,000 | 1.3% |
% of Housing Stock
Rental Trends — Westwood, Cincinnati, OH
As of July '25, Rentcast reports the average rent in Westwood, Cincinnati, OH is $1,240, with a year-over-year rent change of -6.8%. Per bedroom, the median rent as of July '25 in Westwood, Cincinnati, OH is studios: $1,050, 1-bedrooms: $873, 2-bedrooms: $1,130, 3-bedrooms: $1,700, 4-bedrooms: $1,960. The most common rental property sizes in Westwood, Cincinnati, OH are 2-bedroom and 1-bedroom, accounting for 47.0% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,240 |
| Studio Rent | $900 | $1,050 |
| 1 Bed Rent | $850 | $873 |
| 2 Bed Rent | $1,200 | $1,130 |
| 3 Bed Rent | $1,600 | $1,700 |
| 4 Bed Rent | $1,880 | $1,960 |
% of Rental Stock
Property Listings — Westwood, Cincinnati, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Westwood, Cincinnati, OH is 32. This is a increase of 41.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $227,000 | 0.0% |
Listing Count | 107 | -18.0% |
| Listings as % of Homes | 0.2% | -18.0% |
Days on Market | 32 | 41.0% |
Demographics — Westwood, Cincinnati, OH
As of the latest ACS Survey released in 2023, Westwood, Cincinnati, OH has a population of 48,900, which has increased by 7.3% over the past 5 years. Westwood, Cincinnati, OH is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,900 | 7.3% |
% Under 18 | 26.5% | 7.3% |
% Seniors | 14.2% | 7.6% |
% WFH | 8.3% | 159.4% |
% w/ College Degree | 26.7% | 12.7% |
As of the latest ACS Survey released in 2023, Westwood, Cincinnati, OH is a predominantly white area, with 64.0% of the population identifying as white. The white population has shrunk by 13.0% in the last 5 years. The second most common race or ethnicity in Westwood, Cincinnati, OH is black, making up 27.5% of the population. Foreign-born residents account for 10.0% of the population in Westwood, Cincinnati, OH, and this percentage has increased by 66.7% 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 | 64.0% | -13.0% |
% Black | 27.5% | 40.3% |
% Hispanic | 2.6% | -33.3% |
% Asian | 0.7% | 0.0% |
% Foreign Born | 10.0% | 66.7% |
Mortgage and Risk — Westwood, Cincinnati, OH
According to HUD data as of 2023, there were 625 mortgage originations in Westwood, Cincinnati, OH, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Westwood, Cincinnati, OH. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 625 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Westwood, Cincinnati, OH
As of 2024, the percent of homes in Westwood, Cincinnati, OH under the Section 8 program is 6.6%. 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 units appear to be good home sizes to consider for Section 8 housing in Westwood, Cincinnati, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 650 |
Total Units Section 8 | 587 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 87.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $850 | $870 |
| 2 Bedroom | -$70 | $1,200 | $1,130 |
| 3 Bedroom | -$100 | $1,600 | $1,500 |
| 4 Bedroom | -$220 | $1,880 | $1,660 |
Affordability — Westwood, Cincinnati, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $214,000 |
| Median Household Income | $64,700 |