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Hyde Park

Cincinnati, OH

Neighborhood Market Analysis

Q3 2025 Report
$537,695 (as of Feb 2025)
Median Home Price
82 (Very Walkable)
Walkability Score
Consistently A-rated public and private options; Walnut Hills High is nationally ranked.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by Interstate 71 to the west, Observatory Avenue to the north, Erie Avenue to the south, and Paxton Avenue to the east.

Zip Codes

45208

Market Data Summary

Price Range$400,000–$1,500,000+ (condos to luxury estates)
Price per Sq Ft$320–$450 (varies by property type and condition)
Inventory LevelsModerate; increased compared to 2023–24, with 2 months of supply (below national average). More choices for buyers, but prime homes remain competitive.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesCondosTownhomesLuxury estates

Architectural Styles

VictorianTudor RevivalColonial RevivalCraftsmanMid-century modernContemporary infill

Property Details

Typical Lot Sizes0.15–0.35 acres (larger for luxury homes)
Home Age Range1900s–2020s (historic to new construction)
Construction QualityHigh; many homes feature original details, quality renovations, and well-maintained exteriors.

Community Profile

Demographics & Lifestyle

Demographics

Predominantly professional, highly educated, and affluent. Median household income well above Cincinnati average. Diverse age mix, with a strong presence of families, young professionals, and retirees.

Community Vibe

Active, engaged, and upscale. Residents value historic charm, local businesses, and community events.

Typical Residents

  • Families
  • Young professionals
  • Retirees
  • Executives

Family Friendly

Very; excellent schools, parks, and walkable amenities attract families.

Amenities & Lifestyle

Parks & Recreation

  • • Hyde Park Square
  • • Ault Park (nearby)
  • • Observatory Park
  • • Walking/biking trails

Dining Options

  • • Forno Osteria+Bar
  • • The Echo
  • • Dear Restaurant & Butchery
  • • Arrechissimo
  • • Unwind Wine Bar

Shopping Centers

  • • Hyde Park Plaza
  • • Rookwood Commons (nearby)

Local Businesses

  • • Hyde Park Square shops
  • • Boutique fitness studios
  • • Local coffee shops (Coffee Emporium, Awakenings)
  • • Independent bookstores

Education & Schools

Consistently A-rated public and private options; Walnut Hills High is nationally ranked.
Overall School Rating

Elementary Schools

  • • Hyde Park School (CPS)
  • • Kilgour Elementary

Middle Schools

  • • Clark Montessori (CPS)
  • • Walnut Hills High (grades 7–12)

High Schools

  • • Walnut Hills High School (top-rated)

Private Schools

  • • Summit Country Day
  • • St. Mary School
  • • Seven Hills School

Transportation & Accessibility

Transit & Roads

Public Transit

  • • Metro bus routes 11, 51, 90X

Major Roads

  • • Erie Avenue
  • • Paxton Avenue
  • • Interstate 71

Commute & Walkability

Commute Times10–15 minutes to downtown Cincinnati; 20–25 minutes to CVG Airport.
WalkabilityVery walkable; most errands can be accomplished on foot.
ParkingStreet parking can be limited near Hyde Park Square; most homes have driveways or garages.

Marketing Intelligence

Target Buyer Types

  • Affluent families
  • Young professionals
  • Medical professionals
  • Executives
  • Empty nesters

Key Selling Points

  • Top-rated schools
  • Walkable lifestyle
  • Historic architecture
  • Vibrant dining and shopping
  • Safe, established community

Pricing Considerations

Price competitively for condition; updated homes can command a premium. Price reductions may be needed for homes lacking modern finishes.

Common Objections & Response Strategies

Objection: Older homes may need updates or repairs.

Response Strategy:

Provide inspection reports and highlight recent upgrades; offer renovation credits if needed.

Objection: Higher price point compared to other Cincinnati neighborhoods.

Response Strategy:

Emphasize long-term value, school quality, walkability, and resale potential.

Objection: Limited parking near Hyde Park Square.

Response Strategy:

Point out available off-street parking, garages, and walkability to amenities.

Investment Insights

Investment Potential

Appreciation Potential

Strong; steady 4–6% annual appreciation with high demand for renovated homes.

Rental Demand

High; professionals and medical residents seek quality rentals. Low vacancy for condos and apartments.

Buyer Competition

Moderate to high for updated homes; less for properties needing renovation.

Best For

  • Move-up buyers
  • Families
  • Young professionals
  • Investors seeking stable returns

Potential Concerns

  • Older homes may require updates
  • Higher price point limits entry-level buyers
  • Parking can be tight near commercial areas

Professional Recommendations

1

Leverage professional staging and photography to highlight unique features.

2

Educate buyers on the value of walkability, schools, and community events.

3

Prepare sellers for realistic pricing, especially for homes needing updates.

4

Network with local businesses to enhance open house experiences.

5

Stay informed on upcoming developments and zoning changes.

Competitive Analysis

Comparable Markets

  • Oakley
  • Mount Lookout
  • East Walnut Hills

Market Positioning

Premium, family-friendly, walkable urban neighborhood with historic character.

Competitive Advantages

  • Superior walkability
  • Historic charm
  • Top schools
  • Vibrant retail and dining

Price Comparison

Hyde Park commands a 15–30% premium over Oakley and Mount Lookout for similar homes.

Investment Metrics

3.5–4.5% for well-located rentals
Cap Rates
4–5% gross yield for condos/apartments
Rental Yields
22–25 (reflects premium ownership market)
Price-to-Rent
Positive for long-term holds, especially with updated units; limited for new purchases at peak pricing.
Cash Flow
4–6% annual appreciation expected through 2026.
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to price point; best suited for dual-income professionals or those with family support.

Move-Up Buyers

Ideal; strong selection of larger homes and luxury options.

Downsizers

Attractive condo and townhome options near the Square; walkable lifestyle appeals to retirees.

Investors

Stable returns, low vacancy, and strong appreciation; best for buy-and-hold strategies.

Relocators

Highly desirable for those seeking top schools, amenities, and a vibrant community.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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