Market Overview
Home Prices in Elmwood Place, OH
The median home value in Elmwood Place, OH is $128,902 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elmwood Place are priced69% below average. Elmwood Place is part of the Cincinnati, OH-KY-IN metro area.
Over the past five years, Elmwood Place home values have risen by approximately37.5%, reflecting strong long-term appreciation in this market.
Price History
Elmwood Place Home Price Trend
City Comparison
Elmwood Place vs. National Median
At $128,902, homes in Elmwood Place cost 69% below the national median of $410,000. This makes Elmwood Place a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elmwood Place?
20% Down Payment
$25,780
on $128,902
Monthly P&I
$672/mo
30-yr @ 6.8%
Total Monthly Est.
~$853/mo
incl. taxes & insurance
Income Needed
$34,120
gross annual (30% rule)
10% Down Option
$12,890
+ PMI applies
Loan Amount (20% dn)
$103,122
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Elmwood Place, OH?
The median home value in Elmwood Place is $128,902 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Elmwood Place?
Over the past year, home values in Elmwood Place have increased by 2.2%. Over five years, prices have risen approximately 37.5%.
How much do I need to earn to buy a home in Elmwood Place?
To comfortably afford the median home price of $128,902 with a 20% down payment ($25,780) at today's rates (6.8%), you'd need a gross annual income of approximately $34,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Elmwood Place compare to the national average home price?
The national median home value is approximately $410,000. At $128,902, homes in Elmwood Place are 69% below the national average.
What metro area is Elmwood Place part of?
Elmwood Place is part of the Cincinnati, OH-KY-IN metropolitan area. Home prices and market conditions can vary across the broader metro region.