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:
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.