Cap Rate in Cincinnati, OH

2026 Market Overview for Real Estate Investors

Avg Cap Rate

7.0%

#17 of 50 markets

Median Home Price

$195,000

Purchase price

Median Monthly Rent

$1,300

$15,600/yr gross

Rent-to-Price Ratio

0.67%

Moderate

Cap Rate Rating

Good

Strong return relative to market norms. Common in cash-flow-focused markets in the Midwest and South.

Market Snapshot

Population	309,317
5-Year Population Growth	+0.8%
Median Household Income	$45,000
Vacancy Rate	7.8%
Property Tax Rate	1.92%($3,744/yr)

Investor Takeaway

Cincinnati offers solid cash flow with an improving downtown and growing Over-the-Rhine neighborhood. The tri-state metro provides a deep tenant pool across multiple employment sectors.

Quick Math

Estimated annual numbers for a median-priced property in Cincinnati, OH before financing:

Annual Gross Rent$15,600

Less Vacancy (7.8%)($1,217)

Less Property Tax (1.92%)($3,744)

Less Est. Insurance + Maintenance($3,900)

Estimated NOI$6,739

Implied Cap Rate3.5%

Estimates based on median values. Insurance + maintenance estimated at 2% of home value. Actual results vary by property condition, neighborhood, and management.