Buying SFH in "Over Saturated" Apartment Area? Pros & Cons

[Todd Kalsey]

Throwing this question out for my fellow BPers to get some feedback.  I'm a "newbie" but wanted to get some insight and perspectives from other areas of the country.

Here in Cincinnati we have a neighborhood in the metro area with explosive apartment/condo growth. It is the prime and hot area for young professionals. Within the past 1-2 years huge apartment complexes have been built and currently more on the agenda. I'm curious on how this might impact rents for SFH in the area? I'm guessing the demand is there but personally it seems that the area might become quite "saturated" with units and dense (traffic) if things keep going this way.

We've always had solid demand for our SFH, as we find people who don't want someone on the other side of the wall.

Any thoughts from other areas where you've seen this?

Thanks!

[Todd Kalsey]

@Michael Henry thank you.  I've seen too many people jump in before gaining some base knowledge.  Fellow BPers have been invaluable and so helpful.  I truly appreciate the insight and hopefully can repay down the line to others!   Thanks!

@Joshua Sclafani your "viable alternative" is exactly what I was thinking.  While you have that core group that want new, trendy, no maintenance, I think there will always be a market for those who want some space but still want to be in the area.  Thanks for the feedback!

@Jon Q. thank you for the perspective. I understand where you're coming from. The area is an older community with a mixture of SFH, SFR, MF and larger Complexes. There have been 3 major developments (easily 100+ units each) that have gone up over the last 2-3 years with more phases rolling out soon. It'll be interesting to see how this plays out. Thanks for the input!