Chicago - IL vs Cincinnati - OH: 2026 Housing Comparison

What this means for buyers

Chicago - IL is roughly 16% more expensive than Cincinnati - OH in typical home value. Cincinnati - OH sees more listings with price cuts (32.7% vs 27.5%), a sign of softening seller expectations.

Chicago vs Cincinnati: what the numbers say

At today's 7.40% average 30-year rate with 20% down, the typical home would cost about $1,970 a month in principal and interest in Chicago and $1,695 in Cincinnati, a gap of $275 a month.

Typical rent runs $2,163 in Chicago and $1,522 in Cincinnati, so the mortgage payment alone is 0.9 times rent in Chicago and 1.1 times rent in Cincinnati, before taxes and insurance.

Home prices are 13.7 years of rent in Chicago and 16.8 in Cincinnati; the lower ratio in Chicago means buying there is cheaper relative to renting.

Over the last 23 months typical values moved +8.3% in Chicago and +5.0% in Cincinnati; over just the last three months the change was +1.5% in Chicago and +0.3% in Cincinnati.

Homes sell for 100.5% of list price in Chicago and 99.1% in Cincinnati, after 14 and 11 days on the market, with price cuts on 28% and 33% of listings. The signs are mixed: Chicago has longer time on the market, while Cincinnati has more price cuts and sales further below list.

The number of homes for sale is up 1% on a year ago in Chicago and up 8% on a year ago in Cincinnati.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-15), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.