Cincinnati, Columbus, or Cleveland?

Question

What are the best markets in Ohio with comparatively high appreciation YOY? Is there investors in any of these areas that see any of their portfolio any appreciation trends that may surprise those who originally had only cash-flow intentions?

My Pre-investing Rankings (Personal Market Analysis)

1. Cincinnati

2. Columbus

3. Cleveland

Any honorable mentions markets to consider as well?

IG @Mattpriestjr

Brandon Goldsmith · Answer

Columbus and Cincinnati have positive growth, Columbus more so due to the number of companies starting headquarters or manufacturing/distribution centers. Cleveland isn't experiencing the same growth but the cashflow will be better. Account Closed

Austin McClain · Answer

Columbus is expected to appreciate. Tech manufacturing plants (like Intel and Amazon) are building multi-billion dollar factories there. The land around the city is flat and rural. It's affordable for companies to buy a lot of acres, build a large plant, and still be close to a city with an international airport.

Remington Lyman · Answer

I am surprised you found Cincy appreciated more than Columbus. Where did you pull your information?

Greg C. · Answer

Forgive my unusual answer, but I think this idea bears saying since it is not often acknowledged. Some of the greatest YOY appreciation to be found in Ohio is not in SFH or MFH, but its land. Farmland to be specific. Even more so than other agrarian states. This is because of the high Amish population. Amish families will have between 5-10 kids on average. And most will remain Amish. When the children reach adulthood and get married, they enter into the church and are expected to have a farmstead of their own. This makes ag land a hot commodity in OH, and has gien rise to auctions that see farms and farm homes sell for shockingly high prices. Many Amish also recieve subdivided land from their parent's estate, and these smaller parcels are not enough to support traditional Amish lifestyles. As such, there are hundereds of buyers eager for bigger properties. All of this can also lead to big windfalls for commercial developers. Since many Amish men do not have enough farmland to make a living, they will instead work in light manufacturing or commercial ag. Amish *generally* do not unionize and they are a great pool of labor for businesses. This is why you will often see large and successful manufacturing plants out in the middle of nowhere in places like Ohio and Indiana. Depending on how liberal the Amish community is, many Amish are also interested in investing in single family homes and multi-family homes. Hence, there is an unexpectedly competitive market emerging in smaller ohio cities.

Evan Hopple · Answer

Account ClosedC locations in Columbus make the most sense to me. Expected appreciation is high and the rent to price ratios still make sense

Jimmy Lieu · Answer

Hi Willie, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

James Wise · Answer

Long term, you'll see more appreciation in Columbus than the other two.

Sam McCormack · Answer

Don't forget about me man! 2 man army

Steven Foster Wilson · Answer

I recommend the major cities in Ohio: -Columbus, great for appreciation, pp is a bit higher around $220k for multifamily -Cincinnati, has a mix of cash flow and appreciation, average multifamily around $180k. -Cleveland, has alot of cashflow potential, average multi family around $140k. - There are other smaller markets like Dayton, Akron, and and Newark, which we are starting to see these areas boom due to huge investors and corporations like Intel choosing to set up shop in these kind of areas.Watch the video series comparing the differant cities of ohio at ohiorem.com

Sam McCormack · Answer

Columbus is doing well from what I hear and see, and it makes sense with the population/job growth. It is likely more expensive than the other 2, especially Cleveland. Cincinnati is a great city to invest in, I have quite a few people looking here right now and a few under contract. Things go fast you, just have to be faster. Another market I think you will like is Northern Ky. It is growing like Columbus is but right across the bridge from Cincinnati. I shot you a message!