ZIP Code Market Report
45223 — Cincinnati, OH
Data through February 2026 · Updated monthly
Avg Home Value
$217,398
▲ 0.3% year-over-year
Month-over-Month
-1.1%
▼ 1.1%
Single Family
$219,315
Condo / Co-op
--
The average home value in the 45223 ZIP code (Cincinnati, OHIO) is $217,398 as of February 2026. Home prices are stable, up 0.3% compared to last year.
A 3-bedroom home in 45223 is valued at $239,093.
The market in 45223 has a $203,702 spread between bottom-tier homes at $134,682 and top-tier homes at $338,384. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 45223 ZIP code will decrease 0.8% over the next 12 months, bringing the projected average to approximately $215,659. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Brown County market area in OHIO. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Brown County report.
Free Home Value Estimate
What's your home worth in 45223 (Cincinnati)?
Get a free estimate based on recent sales and market data in your neighborhood. See how your home compares.
Free · Takes 30 seconds · Based on real sale data
Market Snapshot
45223 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $221,281 | $219,791 | $217,398 | ▼ 1.8% |
| Single Family Value | $217,456 | $218,323 | $219,315 | ▲ 0.9% |
Home Values
45223 Home Value Trend
Historical home values for ZIP code 45223. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 45223
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $174,627 |
| 3 Bedrooms | $239,093 |
| 4 Bedrooms | $330,838 |
Property Types
Home Values by Property Type in 45223
How different property types compare in this ZIP code.
All Homes
$217,398
Single Family
$219,315
Bottom Tier
$134,682
Top Tier
$338,384
Forecast
12-Month Home Value Forecast for 45223
Zillow projects home values in 45223 will decrease 0.8% over the next year, reaching approximately $215,659.
Current Value
$217,398
Projected Change
-0.8%
▼ 0.8%
Projected Value
$215,659
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 45223 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
Investing in Cincinnati?
Run your ARV and MAO instantly with live market data