Cincinnati's population has shown steady growth, reaching approximately 2.3 million in the fourth quarter of 2026, reflecting a year-over-year increase of 1.4%. This upward trajectory follows a pattern of gradual population increases since 2021. The region has experienced a net migration of 48,313 individuals, contributing to a robust labor market with an employment figure of 1,164,508 and an unemployment rate of 4%. The median household income stands at $81,489, while the renter share is approximately 31.4%, indicating a significant demand for housing in the area.
Multifamily fundamentals in Cincinnati remain strong, with year-over-year rent growth recorded at 4.5%. The median gross rent is consistent at $1,203, which aligns with the HUD Fair Market Rent benchmarks for various bedroom types. While the asking rents for two-bedroom units are notably higher at $1,287, the overall rent growth suggests a healthy rental market. However, the affordability of housing remains a concern, as the growth in rents may outpace income growth for some residents.
In the capital markets, the multifamily cap rate is reported at 8.31%, which is about 127 basis points higher than the national median of 7.04%. Over the trailing 24 months, there have been 679 transactions with a total volume of approximately $300 million, resulting in a median price per unit of $110,000, significantly lower than the national benchmark of $199,975. This pricing dynamic indicates a potential value opportunity in the Cincinnati market, although the cap rate suggests investors are factoring in higher risk. According to CBRE Research, the multifamily sector continues to attract interest, driven by the region's demographic trends and economic stability.
Figures assembled automatically from public property records, third-party listing feeds, licensed market data, and federal sources (HUD, Census, BLS).
HEBRON, KY. — Midland Atlantic Properties is underway on construction of The Shoppes at Hebron Pointe, a 93,875-square-foot retail property located at the corner of Graves Road and Worldwide Boulevard in Hebron, about two miles south of Cincinnati/Northern Kentucky International Airport. Publix will anchor the retail property, adding to the…
Colliers represented ClarkDietrich in a 32,558-square-foot office lease that will occupy nearly three-quarters of a new office building at Montgomery Quarter, a mixed-use development located at 9260 Montgomery Road in Cincinnati, Ohio. John Schenk, senior vice president, and Matt Smyth, vice president, with Colliers | Cincinnati represented the tenant throughout…
<figure><div><img src="https://imgproxy.divecdn.com/0dW2IayRlU32wZ487gdKU02cJZ40Tw95SP7HxAbo4Zw/g:ce/rs:fill:1600:900:1/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS93YWxtYXJ0LWZ1bGxmaWxsbWVudC53ZWJw.webp"/></div></figure><p>The $300 million investment near Cincinnati will specialize in handling larger, non-sortable items, including televisions and furniture.</p>
TURTLECREEK TOWNSHIP, OHIO — Walmart Inc. plans to invest more than $300 million in a new fulfillment center in Turtlecreek Township within metro Cincinnati, creating more than 300 new jobs. REDI Cincinnati, in partnership with JobsOhio, announced the project following Walmart’s purchase of nearly 100 acres in Warren County. The…
MONTGOMERY, OHIO — ClarkDietrich, a manufacturer of cold-formed steel framing, will relocate its corporate headquarters to Montgomery Quarter, which is a public-private partnership between the City of Montgomery and developers Brandicorp and Neyer Properties valued at $350 million. ClarkDietrich is expected to take occupancy in fall 2027. The company has…
Colliers brokered the sale of an 80-property residential portfolio totaling 125 units across the Greater Cincinnati region. The sale was led by the Colliers team of Marianne Taylor, vice president and Virginia Cunningham, associate, who represented the seller, a private entity. The portfolio is comprised of 58 single-family rental homes,…
| Sold | Address | Type | Units | Price | $/Unit |
|---|---|---|---|---|---|
| 2025-05-23 | 3889 Volterra Ln, Covington, KY 41017 | Multifamily | — | $297K | — |
| 2025-05-22 | 1007 Carson Dr, Lebanon, OH 45036 | Multifamily | — | $330K | — |
| 2025-05-16 | 3403 Brotherton Rd, Cincinnati, OH 45209 | Multifamily | 2 | $385K | $192,500 |
| 2025-05-15 | 6226 Kennedy Ave, Cincinnati, OH 45213 | Multifamily | 8 | $395K | $49,375 |
| 2025-05-15 | 8478 Woodgrove Ct, Washington Township, OH 45458 | Multifamily | 8 | $518K | $64,750 |
| 2025-05-14 | 608 Crown St, Cincinnati, OH 45206 | Multifamily | 1 | $200K | $200,000 |
| 2025-05-13 | 1215 Laidlaw Ave, Cincinnati, OH 45237 | Multifamily | 2 | $209K | $104,350 |
| 2025-05-12 | 5596 Oak St, Kings Mills, OH 45034 | Multifamily | 2 | $340K | $170,000 |
| 2025-05-12 | 932 Columbia St, Newport, KY 41071 | Multifamily | — | $258K | — |
| 2025-05-08 | 3252 Blueacres Dr, Colerain Twp, OH 45239 | Multifamily | 8 | $361K | $45,125 |
| 2025-05-08 | 2541 Hackberry St, Cincinnati, OH 45206 | Multifamily | 1 | $302K | $302,000 |
| 2025-05-07 | 521 Main St, Oxford, OH 45056 | Multifamily | — | $400K | — |
| 2025-05-07 | 2705 Hackberry St, Cincinnati, OH 45206 | Multifamily | 2 | $270K | $135,000 |
| 2025-05-07 | 1515 Lingo St, Cincinnati, OH 45223 | Multifamily | 2 | $250K | $125,000 |
| 2025-05-07 | 830 Greenwich Ave, Cincinnati, OH 45238 | Multifamily | 2 | $118K | $59,000 |
| 2025-05-07 | 11 Parker Rd, Newport, KY 41071 | Multifamily | — | $275K | — |
| 2025-05-07 | 1631 Bruce Ave, Cincinnati, OH 45223 | Multifamily | 3 | $540K | $180,000 |
| 2025-05-07 | 7864 Glenorchard Dr, Cincinnati, OH 45237 | Multifamily | 2 | $285K | $142,500 |
| 2025-05-06 | 7624-7634 Rosewood Dr, Blanchester, OH 45107 | Multifamily | 10 | $375K | $37,500 |
| 2025-05-06 | 3810 W Liberty St, Cincinnati, OH 45205 | Multifamily | 2 | $100K | $50,000 |
| 2025-05-06 | 3857 Zinsle Ave, Cincinnati, OH 45213 | Multifamily | 2 | $342K | $171,000 |
| 2025-05-06 | 7630 Rosewood Dr, Blanchester, OH 45107 | Multifamily | 1 | $375K | $375,000 |
| 2025-05-05 | 2221 Victor St, Cincinnati, OH 45219 | Multifamily | 1 | $315K | $315,000 |
| 2025-05-05 | 370 1/2 Harding St, South Lebanon, OH 45065 | Multifamily | 2 | $129K | $64,250 |
| 2025-05-05 | 42 Blackwell Ct, Fairfield, OH 45014 | Multifamily | 2 | $300K | $150,000 |
| 2025-05-05 | 507 Probasco St, Cincinnati, OH 45220 | Multifamily | 1 | $1.4M | $1,360,000 |
| 2025-05-05 | 715 Holbrook Ave, Lebanon, OH 45036 | Multifamily | 1 | $170K | $170,000 |
| 2025-05-02 | 208 E 26th St, Covington, KY 41014 | Multifamily | 1 | $400K | $400,000 |
| 2025-05-02 | 2525 Williams Ave, Cincinnati, OH 45212 | Multifamily | 8 | $370K | $46,250 |
| 2025-05-01 | 2536 Williams Ave, Cincinnati, OH 45212 | Multifamily | 8 | $376K | $47,000 |
| 2025-05-01 | 2989 Madison Ave, Covington, KY 41015 | Multifamily | 1 | $220K | $219,900 |
| 2025-04-30 | 2253 Monroe Ave, Cincinnati, OH 45212 | Multifamily | 2 | $630K | $315,000 |
| 2025-04-30 | 21 Sayers Dr, Williamstown, KY 41097 | Multifamily | 1 | $257K | $256,500 |
| 2025-04-30 | 2532 Williams Ave, Cincinnati, OH 45212 | Multifamily | 8 | $376K | $47,000 |
| 2025-04-29 | 2156 Staebler St, Cincinnati, OH 45204 | Multifamily | 2 | $146K | $73,000 |
| 2025-04-29 | 559 4th St, Newport, KY 41071 | Multifamily | — | $525K | — |
| 2025-04-29 | 3418 Whitfield Ave, Cincinnati, OH 45220 | Multifamily | 2 | $395K | $197,500 |
| 2025-04-28 | 332 9th St, Newport, KY 41071 | Multifamily | — | $250K | — |
| 2025-04-28 | 7810 Dawn Rd, Cincinnati, OH 45237 | Multifamily | 8 | $350K | $43,750 |
| 2025-04-28 | 9430 Sugar Bend Trl, Dayton, OH 45458 | Multifamily | 1 | $290K | $290,000 |
| 2025-04-28 | 1320 Race St, Cincinnati, OH 45202 | Multifamily | 1 | $300K | $300,000 |
| 2025-04-25 | 1616 Jefferson Ave, Covington, KY 41014 | Multifamily | 1 | $185K | $185,000 |
| 2025-04-24 | 3135 Parkview Ave, Cincinnati, OH 45213 | Multifamily | 2 | $180K | $90,000 |
| 2025-04-24 | 763 McMakin Ave, Cincinnati, OH 45232 | Multifamily | 1 | $312K | $312,000 |
| 2025-04-23 | 422 Broadway St, Loveland, OH 45140 | Multifamily | 1 | $380K | $380,000 |
| 2025-04-22 | 839 N University Blvd, Middletown, OH 45042 | Multifamily | 12 | $225K | $18,750 |
| 2025-04-22 | 3265 Epworth Ave, Cincinnati, OH 45211 | Multifamily | 1 | $338K | $338,000 |
| 2025-04-22 | 215 Wade St #2, Cincinnati, OH 45202 | Multifamily | 1 | $303K | $303,000 |
| 2025-04-22 | 4615 Chickering Ave, Cincinnati, OH 45232 | Multifamily | 1 | $130K | $130,000 |
| 2025-04-22 | 2032 Elm Ave, Cincinnati, OH 45212 | Multifamily | 1 | $116K | $116,000 |
Recorded multifamily sales from public property records and third-party listing feeds over the trailing 24 months — a partial sample, not an exhaustive market index. Sources & methodology →
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