The Best Value Properties in Cincinnati, OH

April 14, 2022 •

• ☕️ 3 min read • By Noah Blumberg •

With home prices sharply up nationwide, it feels like a good time to look at a city that still has plenty of low-priced real estate properties that could be attractive for homebuyers or investors. Cincinnati has enjoyed steady job growth in recent years, but has not seen the huge increases in prices as many other cities have. It ranks just 178th out of 268 in that category. With only modest population growth of 4% over the last decade, this may be a window of opportunity to find a property before population growth drives demand for housing, and subsequently prices, higher.

As we noted in our last post, Cincinnati has been mentioned as one of the best cities for real estate investing in the U.S. Its low prices and demand for rentals shows potential for good cap rate numbers. It's also an appealing place for young professionals who, with their earning potential, can bolster rents and property values.

The Properties

Cincinnati is another city with a very wide variance in prices between its zip codes. As you'll see below, if you're willing to put some (or a lot of) work into a rehab property, there's plenty of potential for profit with renting or even just appreciation. The top 4 properties are all major rehab projects at incredibly low prices. Property #4, despite the higher price, could be the best of them all when considering its location in a 2.54 zip code (wow!). Check out our FAQs for an explanation of zipX and zip codes in our lists.

For a move-in-ready property, property #5 looks great at $47,000 which is about one eighth of the median price on this list. It appears to have a current occupant and may need some work, but it's habitable and very inexpensive. Even with a modest rent, it could be a profitable property. Property #11 is a great looking 3000+ square foot home for less than half the median price. It also happens to be a foreclosure currently taking auction bids.

Reading Resources

Here are the top 25 properties. To see them all or get a list for another city, order a custom list!

Median List Price	Median Sqft	Median Lot Size(SqFt)	Median HOA Fee
$382,000	1,870	4,356	$238

Our tables are now sortable. Just click a column header. :)
Score**	Property	ZipX**	Type	Cap Rate*	SqFt	Cash-On-Cash Return*	Price
164.08	665 Steiner Ave	1.32	single family	N/A	1698	N/A	$27,000
148.21	1018 Sturm St	1.44	single family	N/A	2052	N/A	$38,500
140.54	1235 Lincoln Ave	1.90	single family	N/A	1637	N/A	$50,000
123.92	4348 Eastern Ave	2.54	single family	N/A	1856	N/A	$75,000
123.69	2358 Harrison Ave Apt 24	1.55	condo	N/A	756	N/A	$47,000
109.44	963 Fairbanks Ave	1.44	multi family	N/A	3317	N/A	$49,900
102.09	3742 Bonfield Dr	2.06	single family	N/A	1216	N/A	$50,000
101.02	2997 Wheatfield Dr	1.59	single family	N/A	950	N/A	$30,000
99.83	959 Wells St	1.44	single family	N/A	2160	N/A	$75,000
84.01	4110 Fergus St	1.61	single family	N/A	1792	N/A	$68,000
76.97	986 Avondale Ave	1.75	single family	N/A	3492	N/A	$175,000
76.27	3131 Hackberry St	1.66	single family	N/A	2294	N/A	$115,000
74.80	2312 Park Ave	1.90	single family	N/A	16299	N/A	$1,100,000
70.78	3129 Hackberry St	1.66	single family	N/A	2334	N/A	$115,000
68.91	22 Glen Este Pl	1.55	single family	N/A	1208	N/A	$48,000
62.72	38 E Clifton Ave	2.36	single family	N/A	1230	N/A	$89,000
62.08	544 Stewart Pl	1.75	multi family	N/A	2621	N/A	$85,000
58.60	6416 Rosewood St	1.44	single family	N/A	1424	N/A	$69,400
56.42	3131 Harvard Ave	1.66	single family	N/A	1264	N/A	$75,500
55.23	840 Lexington Ave	1.75	multi family	N/A	4478	N/A	$155,000
54.89	1619 Wyoming Ave	1.44	single family	N/A	1465	N/A	$80,000
54.77	3935 Ardmore Ave	1.75	single family	N/A	2766	N/A	$190,000
53.80	2549 Talbott Ave	1.55	multi family	5.37	2668	1.04	$85,000
52.72	3728 Borden St	1.61	single family	N/A	1234	N/A	$75,000
51.43	4124 Lora Ave	1.55	single family	N/A	785	N/A	$50,000