Cincinnati Real Estate Market 2020

Cincinnati Real Estate Market Trends & Statistics 2019

Data Sources:

• https://www.zillow.com/
• Real Wealth Network Affiliate Data
• https://factfinder.census.gov/
• https://www.deptofnumbers.com/

Home values in the Cincinnati real estate market 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.

Cincinnati has been experiencing slow, but consistent population growth over the last seven years.

• Between 2010 and 2017 Cincinnati’s population grew by 3%. This is 42% less than the national population growth during this period.
• This shows us that Cincinnati is experiencing population growth. Although this growth isn’t as rapid as other markets, it is still a good sign of a strong real estate market.

Cincinnati has been creating jobs, but not as many as other markets.

• In the last 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, although not as many as other markets today. That said, any job growth is a good indication of a strong real estate market.

Cincinnati is Affordable

• 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.

Cincinnati is Cash Flowing

• 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 Has Equity Growth Potential

• Between January 2012 and January 2018 3 bedroom homes in Cincinnati appreciated by 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 are Rising

• 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.

Cincinnati Demand is Rising

• Between 2010 and 2017 Cincinnati’s population grew by 3%. This is 42% less than the national population growth during this period.
• In the last 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 and job growth. Although this growth isn’t as rapid as some other markets, it’s still growth. And growth, along with affordability (which Cincinnati definitely still offers), is a good sign of a strong real estate market.