wooden blocks with the word investThis is the second post in my series on why I have decided to invest in Cincinnati real estate. My last article provided an overview of topics that I’ll be discussing over my coming posts. As of 2021, I own multiple investment properties in the Dayton area, and I recently relocated to the Cincinnati area. I am also preparing to start investing for a number of reasons. In this article I’ll be discussing why I am choosing to invest in the Queen City. If you are considering purchasing a property in the area, or wish to sell an investment property, then contact me to speak with a realtor.

Cincinnati-area real estate investments may provide a better return than those in other cities

I have been investing in southwest Ohio’s Dayton area since 2015. I own and manage rental units across three different Dayton zip codes. In 2021 I decided to relocate my personal residence to Cincinnati and I will be investing in properties as quickly as possible. As someone who follows the growth in the area closely, I strongly believe that our city’s potential for investment is high.

In June of 2021, Cincinnati had the fastest-growing real estate market in the country[1], as well as booming e-commerce, distribution, and technology industries. People are relocating to the city in order to fill the jobs for some of the major brands which are standing up warehouses, distribution centers, and other offices in the area. An example of this includes Amazon’s August, 2021 opening a $1.5 billion air hub in the area[2]. CNBC describes this hub as “the central nerve of Amazon’s U.S. air cargo operations.” It is estimated that the hub will create roughly 2,000 jobs. This type of growth is typically good for real estate prices and I believe this bodes well for the Cincinnati market when compared to other areas (especially those on the coasts).

As I began to meet people in the area, I began recognizing a common theme. Many people looking to purchase homes in the area are transplants, relocating from the busier coastal regions to Cincinnati. This relocation is being caused by up-and-coming opportunities and a better cost of living. It is my personal belief that because of the rapid scaling and growth of major industries in the area, along with a favorable cost of living, the demand for real estate will follow suit. For example, I was recently the buyer’s agent for a Cincinnati multifamily property which went under contract. The rent of this property sat at 1% of the total purchase price at the time that my client’s offer was accepted. I strongly believe, however, that the current rents charged by the seller are too low and that the investor will be able to raise the rent as leases expire. This will, in turn, increase cash flow.  Moreover, given the current state of the market, I am optimistic that this trend will continue.

As a Cincinnati realtor who works with investors, I see more opportunity in our city than in other regions

Cincinnati benefits from its unique geographical location. Approximately 60% of the U.S. population resides within 500 miles of Ohio. Our city also sits at the intersection of major interstates. And as it begins to grow in terms of population and the US economy continues its shift towards distribution and logistics, I believe the city will increasingly become a target for many people looking for a place to live, work, and grow with it.

Investing in other areas, such as the coastal regions, is much more difficult. Those areas have been inundated with investors and finding quality investment properties is much more difficult. For instance, coastal investments often struggle to return anything near 1% of the total purchase price in rent. Cincinnati offers a better return and also has an economy that is trending with growth, meaning that rents, which went up 17.1 percent from June of 2020 to June of 2021[3], may continue to rise.

If you are interested in investing in Cincinnati real estate, then contact me today to work with an agent. I focus my business on assisting investors and I bring a level of investment experience and understanding that I believe many agents lack. I strive to provide the highest levels of service and I will use my personal experience as an investor to assist you. Contact me today.

I also assist with properties in Fairfield, Springdale, Sharonville, West Chester, Hamilton, Monroe, and Middletown.

Note & Disclaimer: Nothing in this article, or on this website, should be construed as investment or financial advice. The opinions shared on this website are the personal, and not professional, opinion of the author and are not associated with Keller Williams Advisors. Any investment decisions should be made after consulting with a certified financial/investment professional.

[1] Cincinnati has nation’s fastest-selling housing market – accessed at https://www.fox19.com/2021/07/19/cincinnati-was-nations-fastest-selling-housing-market-june/

[2] Amazon opens its $1.5 billion air hub in Kentucky in latest push to speed deliveries – accessed at https://www.cnbc.com/2021/08/11/amazon-opens-1point5-billion-kentucky-air-hub-in-bid-to-speed-deliveries.html

[3] Cincinnati has nation’s fastest-selling housing market (fox19.com) – accessed at https://www.fox19.com/2021/07/19/cincinnati-was-nations-fastest-selling-housing-market-june/