https://www.wcpo.com/news/local-news/hamilton-county/cincinnati/new-study-reveals-downtown-otr-and-other-cincy-neighborhoods-have-highest-rent-in-ohio

 

Thought this was interesting. Had no idea Downtown Cincinnati/Over the Rhine was the most expensive rent prices in all of Ohio.

Can't speak for those properties that have an abatement in place, but those of us paying full freight on our property tax bills know one reason why rents are high in HamCo. 

Edited October 8, 20195 yr by TheCOV

They explain in the story that these are rents for complexes with 50 or more units.  There are many smaller buildings that are professionally managed and many 1-4 unit buildings that are owner-managed.  I charge the lowest rent in town because I'm too nice to be a real landlord. 

I guess what is surprising is that an area like otr is more expensive than say short north. Short North seems like a really expensive area of downtown Columbus with all of the Luxery mid rises being built..also the short north has been going through gentrification since what the 80's? And otr, since what like 2012?

15 hours ago, troeros said:

https://www.wcpo.com/news/local-news/hamilton-county/cincinnati/new-study-reveals-downtown-otr-and-other-cincy-neighborhoods-have-highest-rent-in-ohio

 

Thought this was interesting. Had no idea Downtown Cincinnati/Over the Rhine was the most expensive rent prices in all of Ohio.

 

That article is poorly written.  I can't even figure out what these two paragraphs mean...

 

Quote

Ranking in with the fourth highest rent in the nation are areas around the University of Cincinnati; neighborhoods with the 45219 area code are only beat out by Cleveland areas like Tremont, Ohio City and suburban Beachwood.

The average rent in those UC-adjacent regions are only cheaper than OTR and Downtown by an average of $80 a month.

 

I assume they mean zip code and not area code.  But what are they talking about with "4th highest in the nation" around UC when they already stated downtown (as well as three Cleveland neighborhoods) are higher.

Edited October 8, 20195 yr by jam40jeff

1 minute ago, jam40jeff said:

 

That article is poorly written.  I can't even figure out what these two paragraphs mean...

 

 

Typo, they meant upstate. 

Even so, how could they be fourth in the state if they are behind three Cleveland neighborhoods as well as OTR and Downtown Cincinnati?

6 minutes ago, jam40jeff said:

Even so, how could they be fourth in the state if they are behind three Cleveland neighborhoods as well as OTR and Downtown Cincinnati?

 

Tremont and Ohio City share a zip code so they count together. So I imagine it looks like this:
 

1. 45202 (Downtown/OTR)

2. 44113 (Ohio City/Tremont)

3. 44122 (Beachwood)

4. 45219 (Uptown)

6 hours ago, DEPACincy said:

 

Tremont and Ohio City share a zip code so they count together. So I imagine it looks like this:
 

1. 45202 (Downtown/OTR)

2. 44113 (Ohio City/Tremont)

3. 44122 (Beachwood)

4. 45219 (Uptown)

Also 44122 is approximately half of Shaker.

8 hours ago, troeros said:

I guess what is surprising is that an area like otr is more expensive than say short north. Short North seems like a really expensive area of downtown Columbus with all of the Luxery mid rises being built..also the short north has been going through gentrification since what the 80's? And otr, since what like 2012?

 

People in Cincinnati simply have more money even though poverty in core Cincinnati is more acute than poverty in core Columbus. Income inequality is bad in C-Bus; worse in Cincy.

5 hours ago, GCrites80s said:

 

People in Cincinnati simply have more money even though poverty in core Cincinnati is more acute than poverty in core Columbus. Income inequality is bad in C-Bus; worse in Cincy.

 

I wouldn't underestimate how much layabout wealth exists in Cincinnati simply because so many people own so much P&G stock.  That means they don't think twice when their kid needs $2,000/mo to live in a Hyde Park or Downtown apartment. 

6 hours ago, jmecklenborg said:

 

I wouldn't underestimate how much layabout wealth exists in Cincinnati simply because so many people own so much P&G stock.  That means they don't think twice when their kid needs $2,000/mo to live in a Hyde Park or Downtown apartment. 

 

Not only that but even people being able to pay their childrens full tuitions, rooms, boards, fees at really good schools, then having no debt to be able to afford those apartments right out of college