Cincinnati Trends & Statistics 2018-2019
In this section, you’ll learn about the top factors that make Cincinnati one of the strongest real estate markets today, including: affordability, cash flow, and equity growth potential. Explore Cincinnati’s housing market, population, and employment trends in the tabs to learn more.
Sources of information:
Home values in Cincinnati are more affordable than many other cities across the nation
- In January 2018 median price of 3 bedroom homes in Cincinnati was $150,000. This is 26% less than the median value nationwide.
- In the neighborhoods where Real Wealth Network members invest the median purchase price of 3 bedroom homes was $115,000 in January 2018. This is 43% lower than the average 3 bedroom home nationwide.
- This shows us that Cincinnati property values uniquely affordable, especially in the neighborhoods where Real Wealth Network members are investing.
The median rent for Cincinnati homes is higher than more expensive U.S. cities
- In January 2018, the median monthly rent of 3 bedroom homes in the U.S. was $1,427. This is 0.71% of the median purchase price of $202,000.
- The median monthly rent of the average 3 bedroom home in Cincinnati was $1,272, which is 0.85% of the average purchase price of $150,000.
- In the neighborhoods where Real Wealth Network members invest, 3 bedroom R.E.A.L. Income Properties™ were rented for an average $1,092 per month during this period. This is 0.95% of the average purchase price of $115,000.
- This shows us that Cincinnati is a strong real estate market for cash flow, especially in the neighborhoods where Real Wealth Network members invest.
Cincinnati real estate prices have been rising steadily for the last five years
- Between January 2012 and January 2018 the annual appreciation rate of 3 bedroom single family homes in the Cincinnati metro was just over 3%. Nationally 3 bedroom home values appreciated over 5% annually.
- During this 6-year period the total appreciation of 3 bedroom homes in Cincinnati was 16% versus 41% nationally.
- Although Cincinnati is appreciating more slowly than other U.S. markets, real estate values have been rising consistently year after year. If the demand stays strong, we can expect that property values will continue to rise in the coming years. This is good news for investors interested in equity growth.
Cincinnati Rents have also been rising steadily.
- Between January 2012 and January 2018 the median rent for 3 bedroom single family homes rose by over 15%, which is just under the national average of 17% for this period.
- This shows us that Cincinnati rents are rising at a similar pace to other cities across America. This is good news for investors interested in increasing their monthly rental income.