Cincinnati, OH

Having a web of strong employers is one of the driving factors to supporting a strong real estate market. Multi-family is our favorite asset because people will always need a place to live. Well, those people will always need a place of employment to pay for said housing. Cincinnati is currently home to six Fortune 500 companies including Kroger, Proctor & Gamble, Fifth Third, American Financial Group, Western & Southern, and Cintas. Other notable companies with a presence in the city include Amazon, University of Cincinnati, General Electric, Macy’s, CVG Airport, and an extensive number of healthcare providers including Children’s Hospital, St. Elizabeth, Tri-Health, and so many more. 

Cincinnati is making a comeback. The 2020 census revealed that the city of Cincinnati has increased in population compared to the previous once-per-decade census for the first time since 1950. Cincinnati joins Columbus as the only two Ohio cities to see a significant increase in population since the last census. The overall Cincinnati Metro population has also increased and is now up to 2.25 million residents. It doesn’t take a genius to understand why population growth is good for the health of a real estate market, and for the economy as a whole.

Cincinnati is currently the 65th largest city in the country. It’s what we would call a “secondary market,” making it a large enough area to provide plenty of investment opportunities without the cut-throat competition you would expect to find in a larger market. This brings us to the affordability aspect of the Queen City. Click below to find out more. 

An article by U.S. News ranked Cincinnati as the 13th best affordable place to live in the U.S., noting that the typical cost of living is only about 20% of the median household income. See the full article here. Affordability is an important factor to consider when choosing a place to invest. Lower cost for rents means lower upfront costs to purchase as an investor, that much is clear. But beyond that,  you will tend to find that affordable areas are easier to cash flow in. If you’re looking for an investment to act strictly as a tax shelter, or for hopes of major appreciation in a few decades, let us point you to California or Florida. Otherwise, Cincinnati is a great play to see immediate returns with the strong promise of appreciation as the gravy in the long run. 

Cincinnati is a hub of entertainment options for tourists and residents alike. Entertainment is important for population growth as well as retention and for the overall health of the economy. As you cross the Ohio River from Kentucky, it’s hard to miss Paul Brown Stadium and Great American Ballpark right along the riverside. Cincinnati is now home to three major sports associations in the Cincinnati Bengals of the National Football League, the Cincinnati Reds of Major League Baseball, and most recently FC Cincinnati of Major League Soccer. FC Cincinnati is also responsible for the newest addition of impressive stadiums to the city, playing in beautiful TQL Stadium in the West End. The University of Cincinnati Bearcats football and basketball programs also attract tens of thousands of fans for every game. Cincinnati also contains an unmistakable presence of the arts including the Cincinnati Art Museum, Arnoff Center for the Arts, Smale Riverfront Park, and of course Cincinnati Music Hall. The Cincinnati Zoo, Findlay Market, Roebling Suspension Bridge, and the National Underground Railroad Freedom Center are more great attractions the city has to offer, but there are too many others to name. See more for yourself here. 

Originally called Losantiville, Cincinnati was settled in 1788, 15 years before the State of Ohio was founded. It’s location on the Ohio River paved the way for extensive growth throughout the 19th century and the first half of the 20th century. The economic prosperity during those times led to it’s now classic nickname, The “Queen City.” Winston Churchill once claimed Cincinnati to be “the most beautiful of the inland cities of the union.” Cincinnati is home to all sorts of culture and traditions including the food, breweries, arts, architecture, and so much more. After decades of decline following WWII, Cincinnati finds itself in the middle of a major comeback.