Thinking about moving to Cincinnati?
You’ll be in good company. Between 2010 and 2016, more than 1,857 people have moved to Cincinnati, an increase of 0.6%. New residents are attracted to Cincinnati’s surging economy and affordable housing.
Cincinnati is in the middle of a renaissance, with the urban core undergoing massive revitalization centered around the historic Over-the-Rhine district. It really was only a matter of time before the hipsters moved in: Cincinnati’s walkable European-style neighborhoods with historic architecture were ripe for a hip makeover, and now the craft breweries, boutique shops, and gourmet eateries are moving in. Cincinnati is getting cooler by the day, so get here fast!
Cincinnati is home to 298,800 Cincinnatians. With an area of 77.9 square miles, Cincinnati has a population density of 3,836 persons per square mile, which makes it less dense than many other cities of comparable size.
The Cincinnati, OH-KY-IN Metropolitan Statistical Area boasts a population of 2,165,139 people, of which Cincinnati proper’s population makes up 14%.
Affordable housing is one of best things Cincinnati has going for it. The median home value in Cincinnati is $124,900, -38% below the US median value, according to Zillow. The median price per square foot in Cincinnati is $88. Over the past 5 years, home values in Cincinnati have increased by 4%.
Renters in Cincinnati will also have an easy time finding affordable housing. The median rent in Cincinnati is $1,113 per month, which is 22% lower than the US median. Over the past year, rental rates in Cincinnati have increased by 6.5%.
The Cincinnati economy is on fire. The Cincinnati metro area’s GDP grew by 22% between 2010 and 2015, from $104 billion in 2010 to $127 billion in 2015, a total increase of $23 billion. The metro area has a per capita GDP of $58,683. According to the US Census Bureau, the median household income in Cincinnati, OH is $55,501, 9% higher than the national median. Cincinnati’s unemployment rate is 4.7%.