Cincinnati Ohio Market

Cincinnati, Ohio

Established in the late 18th Century as a county seat in the Northwest Territory as the town of Losantiville, the prime location on the banks of the Ohio quickly elevated the city to one of the most important in, what was then considered, the west. The name changed in 1790 to Cincinnati and the rest is well... history . Quick Fact : Did you know that Cincinnati is one of the MOST often misspelled cities?

The 19th Century saw unprecedented growth, as the city became a major supply center and jumping off point for exploration and settlement further into the west. It became the nations center of the meat packing industry for a short time, and even carried the nickname "Porkopolis."

The city became a major point of the abolitionist movement, as people from around the state made their way there to make their argument for the end of slavery across the river in Kentucky. As the industrial sector in the United States began to slow, growth has slowed, but that has not kept the city on the backburner. New stadiums, museums, restaurants, and developments are fine-tuning the city to a better and brighter image.

Famous natives include author Harriot Beecher Stowe, talk show host Jerry Springer, singer and entertainer Nick Lachey, president William Howard Taft, director Steven Spielberg, businessman and entrepreneur Ted Turner, and baseball players Pete Rose and Ken Griffey Jr..

cincinnati neighborhoods

Looking for a great home to invest in? Look no further than Cincinnati. Median home prices in Cincinnati have risen 18% over the past five years to $172,000. Growth for Cincinanati real estate is anticipated to remain at 4% through 2006 and luxury homes in the Cincinnati are expected to show yearly gains of 6% or more.

Condominium sales may be gong flat in Florida, but they are going strong in Cincinnati . Prices for Condos are running $88 to $100 per square foot and still represent a great investment whether you are considering a Cincinnati Condo for your first or second home .

Tired of paying rent? If rent money is harder to come by, blame it on the hottest rental market in five years. The average rent climbed to $940 in the fourth quarter of 2005, according to real estate data firm M/PF YieldStar. And this year, it s going to be even more expensive as rents recover from historically low levels.

"2006 is not only a buyers market, but this is the year of the big move to buying a home anywhere in Cincinnati ," says local REALTOR Sandy Bakst. "For what people are paying for rent in a nice neighborhood in Cincinatti, folks are realzing their $900-plus rent payment could be their monthly mortgage payment for their home. "

If you'd like to know more about Cincinnati Real Estate and how you might prequalify for a home, click here to contact REALTOR Sandy Bakst.