Market Analysis
Cincinnati Rental Market
Rental investment market data and analysis · Updated November 2026
Median Home Price
$276,950
Average Monthly Rent
$1,369
Estimated Cap Rate
5.9%
Rent-to-Price Ratio
0.5%
Below 1% Rule
Rent ÷ price by zip code
0 of 4 clear the 1% rule · November 2026
| Zip | Median price | Median rent | Rent ÷ price |
|---|---|---|---|
| 45211 | $200,000 | $1,000 | 0.50% |
| 45227 | $325,000 | $1,625 | 0.50% |
| 45238 | $228,900 | $1,150 | 0.50% |
| 45202 | $429,000 | $1,700 | 0.40% |
Context · FRED home price index
Market Trends
Cincinnati metro area — % change since 2018
Home Prices
+88.4%
Rent Index
+36.2%
Average Rent by Bedroom
| Bedrooms | Avg Rent |
|---|---|
| Apartment | $1,174/mo |
| Condo | $1,334/mo |
| Multi-Family | $1,515/mo |
| Single Family | $1,985/mo |
| Townhouse | $4,208/mo |
Sample Investment Analysis
Based on median price + average rent, 20% down, 6.8% rate, 30yr
Purchase Price$276,950
Down Payment (20%)$55,390
Monthly P&I$1,444
Monthly Rent$1,369
Est. NOI$9,857/yr
Est. Cash Flow-$623/mo
Cash on Cash-12.3%
The Cincinnati market is cash-flow negative at median prices. Look for properties 15-20% below median or with value-add potential.
What Investors Should Know About Cincinnati
- 1Moderate cap rates suggest balanced cash flow and appreciation
- 21% Rule fails at median prices — need rent of $2,770/mo to pass
- 3Below-average rents keep entry costs low for new investors
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