- Market Review
Metro population:
2.2 m
Median Home Income:
57,000 dollars
Unemployment rate:
4.1%
Median House Price:
115,000 dollars
Median monthly rent:
1,100 dollars
Located on the northern banks of the Licking and Ohio River Junction, Cincinnati is the third largest city in Ohio and the 65th largest city in the United States. Cincinnati was also the first major American city to be founded after the American Revolution, so it is sometimes considered a purely "American" city. It was one of Winston Churchill's favorite cities in the United States. He called it, "… the most beautiful in the inner cities of the union."
In recent years, Cincinnati has become a popular destination for new corporate headquarters and moving houses, including 10 Fortune 500 companies and 17 Fortune 1000 companies. Some of the better known companies include: Procter & Gamble, Kruger, Macy's, Ltd. And General Electric. Today, the Cincinnati metro area is recognized as one of the 25 most developing areas in the country (according to the Brookings Institution) with a gross domestic product of $ 119 billion.
Today, the Cincinnati metro area is recognized as one of the 25 most developing areas in the country (according to the Brookings Institution) with a gross domestic product of $ 119 billion.
Why invest here?
With a cost of living and housing still below the national average, Cincinnati offers great opportunities for real estate investors this year. Especially for those who are interested in investing in Real Estate Properties ™ which will generate a positive cash flow and give a strong chance for constant appreciation.
- Trends
Cincinnati Trends and Statistics 2018-2019
In this section you will learn about the key factors that make Cincinnati one of the most powerful real estate markets today, including: Reasonableness, Cash Flow and Stock Growth Potential. Explore Cincinnati Housing, Population, and Employment Trends tabs for more information.
Sources of information:
- https://www.zillow.com/cincinnati-metro-oh_r394466/home-values/
- Real Affiliate Data of a Real Wealth Network
- https://factfinder.census.gov/
- https://www.deptofnumbers.com/employment/ohio/cincinnati/
Cincinnati home values are cheaper than many other cities across the state
- In January 2018, the median price of 3-bedroom homes in Cincinnati was $ 150,000. This is 26% less than the median value nationwide.
- In neighborhoods where members of the Wealth Real chain 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 properties value unique plausibility, especially in neighborhoods where members of the Wealth Real network invest.
The median rent for homes in Cincinnati is higher than more expensive American cities
- In January 2018, the median monthly rent for 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 Cincinnati home was $ 1,272, which is 0.85% of the average purchase price of $ 150,000.
- In neighborhoods where members of the Wealth Real chain invest, 3-bedroom REAL Income properties were leased for an average of $ 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 cash flow market, especially in neighborhoods where members of the Wealth Real network invest.
Cincinnati real estate prices have been rising steadily for the past five years
- Between January 2012 and January 2018, the annual appraisal rate of single-family homes with 3 bedrooms in the Cincinnati Metro was just over 3%. Home values of 3 bedrooms estimated over 5% per annum.
- During this 6-year period, the overall estimate of 3-bedroom homes in Cincinnati was 16% compared to 41% nationwide.
- Although Cincinnati rates more slowly than other U.S. markets, real estate values have risen steadily from year to year. If demand remains strong, we can expect property values to continue to rise in the coming years. This is good news for investors interested in stock growth.
Cincinnati rents have risen steadily.
- Between January 2012 and January 2018, the median rent for single-family homes with 3 bedrooms rose by more than 15%, which is slightly below the national average of 17% for this period.
- This shows us that Cincinnati rents are rising at a similar rate to other cities across America. This is good news for investors looking to increase their rental income.
Cincinnati has experienced a slow but steady population growth over the past seven years.
- Between 2010 and 2017, the Cincinnati population grew by 3%. This is 42% less than the national population growth during this period.
- This shows us that Cincinnati is experiencing an increase in population. Although this growth is not as rapid as other markets, it is still a good sign for a strong real estate market.
Cincinnati has created jobs, but not as many as other markets.
- In the past year the Cincinnati Metro has created 9,100 jobs. This is an annual growth rate of 0.83%. This is 52% lower than the national average.
- This shows us that Cincinnati is creating jobs, though not like other markets today. However, any job growth is a good indication of a strong real estate market.
Cincinnati pays off
- In neighborhoods where members of the Wealth Real chain 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 properties value unique plausibility, especially in neighborhoods where members of the Wealth Real network invest.
Cincinnati flows in cash
- In neighborhoods where members of the Wealth Real chain invest, 3-bedroom REAL Income properties were leased for an average of $ 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 cash flow market, especially in neighborhoods where members of the Wealth Real network invest.
Cincinnati has the potential for capital growth
- Between January 2012 and January 2018 3-bedroom homes in Cincinnati valued at 16% compared to 41% nationwide.
- Although Cincinnati rates more slowly than other U.S. markets, real estate values have risen steadily from year to year. If demand remains strong, we can expect property values to continue to rise in the coming years. This is good news for investors interested in stock growth.
Cincinnati rents are rising
- Between January 2012 and January 2018, the median rent for single-family homes with 3 bedrooms rose by more than 15%, which is slightly below the national average of 17% for this period.
- This shows us that Cincinnati rents are rising at a similar rate to other cities across America. This is good news for investors looking to increase their rental income.
Cincinnati demand is rising
- Between 2010 and 2017, the Cincinnati population grew by 3%. This is 42% less than the national population growth during this period.
- In the past year the Cincinnati Metro has created 9,100 jobs. This is an annual growth rate of 0.83%. This is 52% lower than the national average.
- This shows us that Cincinnati is experiencing both population growth and employment growth. Although this growth is not as rapid as some other markets, it is still growing. And growth, along with a reasonable likelihood (which Cincinnati certainly still offers), are a good sign of a strong real estate market.
- Large employers
- News
- "City 2 to buy a house in exchange for the best rent" - CNBC
- "Number 5 in the Most Affordable Cities in America" - Forbes
- "# 2 Best City to Build a Green Career" - Good conversation
- "The 9th best city to start a family" - Forbes
- "# 10 Best City for Travelers" - Trollia
- “# 13 Best City for New Classes” - Good conversation
- "One of the 15 Growing Towns of Cities in the United States" - Forbes
- "Stable extensive growth continues" - Cleveland Federal Reserve Bank
- Learning resources
What is between drug development and serial administration of flips
#יזמחהשבוי Bnei Yerushalmi #Post2 What is the difference between drug development and serial management of flips In the first post I shared with you the process I went through, from a salaried manager in a large company to an entrepreneur, a partner in a company
- Property teams
Known primarily for its annual balloon fiesta and as part of AMC's performance show "Breaking Bad," Albuquerque, New Mexico, is a metropolitan area rich in culture and naturally beautiful. Albuquerque is also one of the largest cities in the southwest of the city, with a diverse population and some of the leading high-tech research enterprises in the country, including National Sandia Laboratories, Intel and the University of New Mexico. At the same time, its cultural traditions continue to be an integral part of daily life in the city. With one foot in the past, one foot in the present and two eyes for the future, Albuquerque is a fascinating place to visit and an even better place to call home. (Source: (https://www.visitalbuquerque.org/about-abq/history/)
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- Sample properties
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- Friendships
Lior Lustig
Lior Lustig CEO - Overseas Investors Forum
- [email protected]
- 072 - 257-7374
- (978) 600-8229
Lior Lustig is an experienced real estate investor who has been active in the field in Israel and the United States since 2007. Lior has extensive experience in purchasing and managing single and multi-family properties.
Lior currently manages the Real Estate Investors Forum, which owns a brand and interest in the real estate field, the Facebook group and the "Real Estate Forum in the United States" website. Lior is versatile in a wide variety of investment markets in the United States and provides solutions to investors through the company.