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Hamilton County, OH

Cincinnati

RANK #380 / 996 NAT  ·  #36 / 49 OH  ·  POP 827,671

1YR FORECAST: +0.8%

5YR OUTLOOK: +26%

#17 Most Undervalued
Hamilton County's housing market is projected to grow +0.8% over the next year, tracking near the national average.

[01] Why Hamilton County?

Hamilton County, Ohio, is often recognized for Cincinnati, its most populous city and county seat, which anchors the larger metropolitan area. The county is situated in southwestern Ohio, bordered by the Ohio River, and features a landscape shaped by the valleys of the Ohio, Little Miami, and Great Miami rivers, offering scenic vistas and opportunities for outdoor recreation. Commute times average around 22.8 minutes, with most residents driving alone to work, though public bus service is available throughout the county and connects to surrounding areas. The community offers a blend of urban and suburban living, with diverse neighborhoods and a variety of parks, including the extensive Great Parks of Hamilton County system.

Life in Hamilton County offers a range of experiences, from the urban core of Cincinnati to family-oriented suburbs like Wyoming and Mariemont, which are known for their public schools. The county's economy is influenced by major corporations and a focus on business growth and expansion, with ongoing efforts in downtown revitalization attracting new residents, particularly young professionals. While the area has seen recent population growth, particularly in its urban centers, housing availability remains a factor, with local initiatives addressing affordable housing.

[02] Market Snapshot

Housing Ratio
2.0x

Undervalued relative to economy

GDP Growth
+0.1%

Well below national median

Home Prices
+2.0%

Outpacing national median

Climate & Terrain
-1.4

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 2.0x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    The Kroger Company Retail
    10,000+
  2. 2
    Cincinnati Children's Medical Center Healthcare
  3. 3
    TriHealth Inc. Healthcare
  4. 4
    University of Cincinnati Education
  5. 5
    Procter and Gamble Other
  6. 6
    UC Health Healthcare
  7. 7
    GE Aerospace Manufacturing
    5,000+
  8. 8
    Fifth Third Bank Finance
  9. 9
    The Christ Hospital Health Network Healthcare
  10. 10
    Archdiocese of Cincinnati Other

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Hamilton County U.S. National

The Numbers

DEMOGRAPHICS
Population
827,671
+0.11% YoY
Median Household Income
$68,249
Median Home Value
$205,000
+2.04% 12mo
Median Rent
$961
Average Annual Pay
$76,924
+4.4% YoY
Employment
515,652
-0.1% YoY
Income-to-Home-Value
0.3329
More affordable than average
Migration Inflow
2.42%
of pop. from another state
Bachelor's Degree+
40.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$270,000
Days on Market
62
Slower market
Months of Supply
3.6
Balanced market
Sale-to-List Ratio
98.3%
Near asking price
Sold Above List
22.1%
Listings w/ Price Drops
18.9%
Building Permits (2024)
822
Single-Family Permits
566

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
11.2
per 100K · nat avg 6.3
Firearm Fatalities
17.9
per 100K · nat avg 14.8
Injury Deaths
99.7
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C+
AIR QUALITY
GRADE
Median AQI (3yr)
54.7
Moderate
Good Air Days
33%
363 of 1,095 days
Unhealthy+ Days (3yr)
28
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
56
2022
54
2023
54
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$1,190M
TOTAL
PROJECT AMOUNT STATUS
Hamilton Innovation Center (Hyperscale Data Center)
Logistix Property Group
$1,000M Proposed
Ohio State Capital Budget Allocations for Hamilton County
State of Ohio
$100M Planned
CyrusOne Hamilton Data Center (CIN4)
CyrusOne
$50M Operating
Cincinnati Municipal Solar Array (100 MW)
City of Cincinnati
$40M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +0.1% 8 percentile
Population Growth +0.1% 34 percentile
Income Growth +8.2% 40 percentile
Vacancy Rate 1.1% 45 percentile
Home Price Change +2.0% 60 percentile
Rent Growth +3.1% 53 percentile
Price/Rent 12x 74 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Hamilton County, OH a good place to move to?

With a Boom Town Index score of 62/100, Hamilton County sits in the upper half of all 996 ranked counties. and median household income stands at $68,249 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in OH.

Is Hamilton County affordable?

Housing in Hamilton County is roughly in line with national affordability norms. The median home costs $205,000 and the income-to-home-value ratio sits at 0.33, with rents averaging $961/month. Not a bargain, but not a stretch for most local earners either.

Is Hamilton County growing or shrinking?

Population and employment in Hamilton County are both close to flat — population +0.1% YoY and jobs -0.1%. Home values shifted +2.0% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Hamilton County?

There's a moderate stream of newcomers. About 2.42% of residents moved from another state, which is above average and suggests Hamilton County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Lake County, OH 62 Licking County, OH 64 Ross County, OH 60 Union County, OH 65 Butler County, OH 59 Wood County, OH 59 Lake County, IN 62 Milwaukee County, WI 63