Home values in the Cincinnati market have increased 16% year-over-year since last September
Historically low interest rates and comparatively low home prices will continue to motivate buyers to compete for available inventory through the winter.
In a recent Market Spotlight from Think Realty, Cincinnati’s single-family investment market was recognized as being a favorite target for investors since the last recession due to solid equity and income appreciation supported by rising population, job growth, and wage increases.
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As of September 2020, the median single-family home value in the Cincinnati MSA was $228,000, a five-year increase of 35%. And while new listing inventory dipped 30 percent in April, it has returned to normal levels by July through current, showing the demand impact from low-interest rates.
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Home prices will likely remain stable in 2021 if COVID-19 outbreaks can be controlled, but there are some risks. However, overall, Cincinnati has stable fundamentals, low relative home prices, and historically good returns.
