Rent vs Buy in Cincinnati, OH

Should you rent or buy a home in Cincinnati? Use our calculator with local market data to make an informed decision.

Median Home Price

$250,000

Median Rent

$1,300/mo

Property Tax Rate

1.75%

Price-to-Rent Ratio

16.0x

Rent vs Buy in Cincinnati, Ohio

Should you rent or buy a home? Calculate your best option.

Your Scenario

Home Price

Monthly Rent

Mortgage Rate

Down Payment

Time Horizon7 years

1 years30 years

Explore Scenarios

Adjust these sliders to see how different assumptions affect your decision.

Mortgage Rate7.00%

5%7%9%

Home Appreciation3.0%

0%3%5%

Rent Growth3.0%

0%3%6%

Time Horizon7 years

35710

💡 Tips

• Higher mortgage rates favor renting
• Higher home appreciation favors buying
• Higher rent growth favors buying
• Longer time horizons typically favor buying

⚖️It's a Toss-Up

You could save $9,142 by renting

Over 7 years

Monthly Cost (Rent)

$1,423

Average

Monthly Cost (Own)

$2,118

Average (excl. equity)

Total Rent Paid

$119,534

Total Owner Costs

$235,402

Final Equity

$106,726

After selling costs

Break-Even Year

Never

Beyond horizon

Upfront Costs to Buy

Down Payment (20%)$50,000

Closing Costs (3%)$7,500

Total Needed$57,500

Cost Comparison Over Time

Total Rent Paid

Total Owner Costs

Net Cost (After Equity)

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Explore Time Horizons

Year Horizon

About Buying vs Renting in Cincinnati

The decision to rent or buy in Cincinnati, Ohio depends on many factors including your financial situation, how long you plan to stay, and current market conditions.

With a median home price of $250,000 and median rent of $1,300 per month, Cincinnati has a price-to-rent ratio of 16.0. This moderate ratio means both options could work depending on your circumstances.

Use our calculator above to input your specific scenario and see a personalized analysis. Adjust the time horizon, mortgage rate, and other factors to explore different outcomes.