Cincinnati Investment Property for Sale - 2023 Rental Home Appreciation
Cincinnati, Ohio, is a vibrant Midwest city with a diverse and exceptionally friendly population. “The Queen City,” or “Cincy” as affectionately known by locals, is full of culture and activities for all ages.
The Greater Cincinnati area hosts many parks, gardens, and nature reserves. The museums, theaters, and professional sports teams like the Cincinnati Reds baseball team and the Cincinnati Bengals NFL team are also a big draw for visitors and residents alike.
The thriving real estate market in Cincinnati is due to limited home inventory and increased demand for housing. According to Forbes, Cincinnati has one of the hottest real estate markets in Ohio, and it’s predicted to stay that way for the foreseeable future.
Cincinnati's Attractive Housing Market
Home values in Cincinnati have increased exponentially over the last several years. People from both coasts are moving to the Midwest and choosing to call Cincinnati home. This trend is primarily due to the city’s affordability and excellent quality of life. Cincinnati is one of the most affordable places to live in the country.
With above-average public schools, a booming job market, and the cost of living substantially below the national average, Cincinnati is a fantastic city for property investors and residents. Here are a few Cincinnati neighborhoods worth checking out:
- Oakley: One of the best places to live in Ohio, Oakley is a suburb with an urban feel. Most Oakley residents rent their homes.
- Hyde Park: An affluent area, Hyde Park is home to upscale shopping and restaurants.
- Over-The-Rhine: Nicknamed OTR by the locals, Over-The-Rhine is an eclectic neighborhood near downtown Cincinnati.
- Montgomery: A nearby suburb of Cincinnati, Montgomery is an attractive location for retirees.
- Wilmington: This city is home to farm country, several state parks, and Wilmington College.
- Maysville: A charming community in northeastern Kentucky, Maysville is located on the banks of the Ohio River.
Other areas of interest near Cincinnati include:
- Cleveland - The Birthplace of Rock and Roll is located on the shore of Lake Erie
- Columbus - The feel of a big city with a significantly below-average cost of living
Rental Home Appreciation in Cincinnati
Last year, Cincinnati was ranked as one of the best cities in the country for renters. The Cincinnati market is thriving thanks to affordable home prices and a growing population and job market. The hot rental market in Cincinnati shows no signs of slowing down anytime soon, making the city an attractive area to real estate investors. Cincinnati investment property opportunities abound, including short-term rentals, like Airbnbs, and long-term multifamily and single-family homes occupied by area residents.
In Cincinnati, it’s common to find an affordable sale price on a property. Affordability coupled with a shortage of viable housing creates a solid investment opportunity in the area. Cincinnati is producing high rental income for real estate investors.
Economic Growth in Cincinnati
Cincinnati ranks among the top Midwest cities in economic development. With low unemployment rates and experts predicting a robust job market for years to come, Cincinnati is a great place to start a career and raise a family.
The top industries in Cincinnati are healthcare, technology, and manufacturing. The leading employers in the area are the University of Cincinnati, the Kroger Company, and Procter and Gamble.
Is Cincinnati the city for you?
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