What are your thoughts for 2022 Cincy investing market?

Question

Hi Everyone!

I thought I would make another fun post. What is everyone's thoughts coming into the 2022 year here in Cincinnati? Do you still see extreme value compared to other parts of the nation? Increased/decreased inventory? Areas for newer investors to look into a bit more?

There is no particular way to go about answering this. Looking forward to some of your thoughts for this year!

Jordan

Andrew Cheek · Answer

I'm hoping to get property #3 towards the end of this year. I think Cincinnati still has a ton of opportunity if you know where to look. I feel that now things are starting to sit longer and prices are a bit exaggerated but this was expected to happen eventually. I'm hoping buyers will again attain some sort of leverage over sellers listing 100% increase from original purchase.

Soli Cayetano · Answer

I personally think Cincinnati is an underrated market with great cash flow and a decent appreciation potential. Many areas are street by street, but I think the path of progress weighs more heavily towards the east side of downtown in areas like Evanston and Madisonville. I've found the market to be softening in the past year or so (sold flips earlier in 2021 when the average DOM was 4-5), but still plenty of good deals if you look hard enough.

Ashley Pinnell · Answer

Personally, I think that the Westside - especially further out areas like Bridgetown/Cheviot, Delhi and still in the good school district of Oak Hills - are really going to appreciate as folks get priced out of the Eastside and downtown/OTR.

Joseph Cornwell · Answer

@Jordan Fiore It seems to be very low inventory still, I was hoping for a bigger listing surge after the Holidays and it has been underwhelming. If this continues into the spring market again like the past few years, prices will continue to climb as competition in the single and multifamily market is still very high. As for investors, the main silverlining is that rental demand is still at all time highs and rent increases have matched or outpaced costs increases in most areas, so there are still deals to be made. Sometimes it requires more effort than buying a turnkey property, but those are the best returns out there from my and my clients perspectives.

Niobe Burden Austere · Answer

I agree with Ashley about west side of Cin….Oak Hills SD. From an investor standpoint, it’s a great market for BRRR or buy and holds….stable tenants that aren’t as transient and looking for good school district for their kids over shopping and entertainment amenities. Definitely dependent in the type of tenant you’re looking for…..not a lot going on in the west otherwise. Prices continue to go up despite continuing inventory coming on the market….but I think if you see a home on the market for more than 20 days these days, there’s room for negotiation. These homes have never seen these values but they are still affordable and most are solid and will hold the value. Thanks for the discussion question Jordan….it’s been a while since I’ve been on BP :)

Andrew Cheek · Answer

@Joseph Cornwell Great callout on rental demand still being high. A fellow investor I know just bought a duplex in newly re-branded Spring Grove north of Northside. People were asking about the property being rentable with a FOR SALE sign in the yard. Big demand out their in Cinci for rentals. I upped the rents on my duplex by over $150 a side on the last turn, silver lining indeed!

Joseph Post · Answer

I live in the delhi area and I am currently looking for small multi family on the westside in the Oak Hills SD area. Hoping to see more inventory popping up in the near term. This will be my first investment property. There has been a lot of appreciation in SFH especially for 4 bedroom houses in the Oak Hills SD area. I believe there is still alot of appreciation potential in this area as well. Good luck to all!

What are your thoughts for 2022 Cincy investing market?

What are your thoughts for 2022 Cincy investing market?

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