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Gilbert Avenue's $85M Upgrade Drives Property Values Up 12%
The $85 million infrastructure overhaul on Gilbert Avenue has driven median home prices up 12 percent in adjacent blocks since construction began in March 2025.
How we reported this
The $85 million Gilbert Avenue infrastructure project reached a key milestone last month with the installation of new transit platforms and widened lanes between downtown and Walnut Hills, sending median sale prices for single-family homes in the immediate blocks up 12 percent from the prior year.
City planners approved the corridor work in late 2024 to ease congestion and add protected bike lanes plus bus rapid transit stops, a move that aligns with renewed federal transportation funding flowing to mid-sized metros after the 2025 surface transportation reauthorization.
Changes Along Specific Blocks
Properties within two blocks of the new stops on Gilbert Avenue near Eden Park and the Cincinnati Art Museum have seen the sharpest gains, with several three-story brick homes on nearby Melrose Avenue selling above asking price in the second quarter. The Port of Greater Cincinnati Development Authority listed two parcels at the Gilbert and Elsinore intersection for mixed-use redevelopment this spring, directly tying the infrastructure spend to new residential density targets set by the city's 2023 comprehensive plan.
Hamilton County Auditor data released in June show the median sale price for homes in the 45206 and 45207 ZIP codes rose from $285,000 in the second quarter of 2025 to $319,000 in the same period this year. Listings on the multiple listing service for the same area now average 18 days on market, down from 32 days a year earlier.
Next Steps for Buyers and Sellers
City engineers expect full lane reopenings and final landscaping by December, which should further clarify access patterns for the new bus stops. Prospective buyers can review current listings through the Greater Cincinnati Multiple Listing Service or contact the Cincinnati Area Board of Realtors for neighborhood-specific price trend reports before making offers.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.