Cincinnati's population is 2.2M, with a total workforce of 1.1M. The labor market grew by 12,900 jobs over the past year, up by 1.2%. The median household income in Cincinnati is $62,885, 4.4% higher than last year and 2.5% above the national average of $61,372. In the housing market, total permits issued totaled 5,879 over the last twelve months, down 7.4% year-over-year.
Cincinnati has 232 active new home projects on the market, 4.9% fewer than the 244 from last year. The average list price in the market is $321,572, 11.9% higher than last year and 0.5% above the national average. Over the last three months, new home contracts increased by 17.2% to 838. Franklin and Alexandria had the highest concentration of the new home contracts in the Cincinnati market.