According to data from the Federal Housing Finance Agency
(compiled and interpreted by Buffalo Business First), Cincinnati is among the top 50 markets for post-recession rebound in home values.
The FHFA converts each market’s home sale prices to a quarterly index, which is pegged to a 1991 value of 100 points. Any rise in the index corresponds to an overall increase in local prices; any drop indicates that values are declining. These findings are based on a 10-year range (2007-2017) of the 100 largest housing markets in the U.S.
About one-third of the top 100 markets are still underwater, with average house prices that are lower today than before the recession. But average home values are higher in the other 63 markets, led by Denver, which posted a 10-year gain of 68.7 percent.
Cincinnati ranked no. 46 in this report, with a 10-year gain of 6.5 percent.
View a slideshow of the top 100 markets and see how other Ohio cities stacked up.