Cincinnati Rents are on the Rise!
If you’re not ready to take the dive into home ownership, rent is on the rise in the Greater Cincinnati area.
According to ApartmentList.com, the average rent in Cincinnati has increased almost 2% in the last year.
Data shows median rent for a 1-bedroom in Cincinnati is $651 per month and that jumps to $855 per month for 2-bedroom rentals.
Neighboring cities like Fairfield see even steeper rental prices at $1,120 for a 2-bedroom.
The rise in the cost to rent in Cincinnati is mirrored in other major cities across the state.
So is it cheaper to rent or buy? Multiple factors impact the bottom line. The Kraemer Haas Group can walk you through the expenses involved in buying a home and what goes into your monthly mortgage payment. You may be surprised how similar the costs can be when comparing a lease to a first home purchase.
