There’s no reason to worry about finding Cincinnati homes for sale and Northern Kentucky condominiums and houses. There simply are so many housing options around—from single to multi-family residences, spacious colonials to contemporary, Northern Kentucky condos and Cincinnati condos to luxury townhouses. They are located in diverse neighborhoods—in the riverfront communities of Northern Kentucky to the booming communities in Southwest Ohio. You can buy, you can rent, you can lease. And like in most communities, homes come in all price ranges. In Cincinnati, the average home price is $185,354.Note: The housing market is currently slow— with decline in sale and plenty of foreclosures (more than 12,000 properties in the region in 2007). However, some people who are watching the housing scene are hopeful there’ll be a turnaround. George, a University of Cincinnati professor of economics, told the Cincinnati Enquirer, “I think it will happen in 2008, but I’m not sure how far into the year.” The Enquirer also added that Tom Steele, president of the Cincinnati Realtors, remarked that despite lower sales for the first 11 months in 2007, the area “did reasonably well when compared to many areas across the nation.”
Choosing a Cincinnati and Northern Kentucky Neighborhood
The Tri-state is made up of hundreds of neighborhoods. The city of Cincinnati alone, with 331,285 residents (378,000, according to Social Compact), has 52 neighborhoods, each with distinct personality and character. Glendale boasts beautiful Victorian homes and charming gaslights; Indian Hill has its sprawling estates and mansions; Wyoming its beautiful gardens and elegant homes; Mt. Adams its quaint shops and stunning river views. Residents have strong attachments to their neighborhoods. Jess & Gina enjoy the lifestyle in Anderson Township, where they have lived for years. “We’re in the Forest Hills School District, which is excellent, and shopping and recreational facilities are all close by,” says Luna. “Our church, where my wife Gina is quite active, is just around the corner.” Attilio calls his Clifton neighborhood quite diverse. “It’s great that there are all kinds of people here and all sort of businesses,” he offers. “I love that I can go to Ludlow, where there are three banks, lots of specialty shops and many ethnic restaurants. I can have my Skyline Chili and then walk over to Graeter’s.”
There are some who prefer Downtown, the business and cultural center of the city. It is getting to be an appealing neighborhood for young professionals and empty-nesters who want to take advantage of city amenities. Cincinnati, Covington and Newport make up the urban core of a nine-county metropolitan region called Primary Metropolitan Statistical Area (PMSA). The region consists of approximately 2,700 square miles and includes counties in Kentucky, Ohio and Indiana.
Downtown Cincinnati is the heart of the city. Its focal point, Fountain Square, sometimes referred to as the city’s living room, has just completed a $42-million makeover. New restaurants have opened around the square, including Boi Na Braza Brazilian Steakhouse, McCormick & Schmick’s and Via Vite, and Downtown offers all kinds of living options—effi ciencies, luxury apartments, renovated lofts and restored historic buildings. There are high-rise condos with all the amenities at the 18-story American Building, which sits right next to the Taft Museum of Art. Park Place at Lytle, also next to the Taft, is believed to be downtown’s largest condo renovation. The old McAlpin’s offers 60 luxury New York-style residences with balconies, dramatic interiors and atriums. More condos are planned on the site of the Montgomery Inn Banquet Center to be called One River Plaza, at the foot of the Purple People Bridge. By spring 2008, Parker Flats will have ready some 55 condos on Fourth and Central Avenue. Gateway condos in Over-the-Rhine will add hundreds of apartments and condos to the neighborhood.
Downtown residents enjoy the short stroll to many fine restaurants, including the Palace, Palm Court/ Orchids, Jeff Ruby’s Steakhouse, Jean-Robert at Pigall’s, or shopping at Fountain Place’s Macy’s, Brooks Brothers, Jos. A. Banks, Tiffany’s and the stores at Tower Place Mall. There are gift and flower shops, beauty parlors, apparel and jewelry stores, delis and minimarket. Also located here are venues such as the Aronoff Center for the Arts, U.S. Bank Arena, the Paul Brown Stadium and the Great American Ball Park. The National Underground Railroad Freedom Center and the Contemporary Arts Center and Taft Museum of Art are also here. Compact and convenient, downtown is home to some 4,200 residents (some 83,000 work downtown). Most of the city’s neighborhoods are a short commute to downtown, where the average drive is 22 minutes.
Downtown Covington, across the Suspension Bridge and five minutes from downtown Cincinnati, is undergoing renaissance. Condos are being built, rundown structures are being rehabbed into lofts and multi-unit rentals, and artists’ studios are opening up. There is even a designated arts district and more recently a wedding district, kind of a one-stop shopping for brides. A $13-million, 64-unit condo complex called Pulse in the old Seminary Square of downtown Covington, opened summer 2007. Ready this spring is the 22- story, $55-million condo project called The Ascent at Roebling’s Bridge, designed by renowned architect Daniel Libeskind. And there are talks of a new downtown neighborhood, Riverfront West, an $800-million residential project to be built directly across the Ohio River from Paul Brown Stadium in Cincinnati.
It is hoped that this building trend will draw more people to the area. Currently, Covington’s Licking Riverside Historical District, which boasts beautiful historic houses, is popular with downtown professionals who can walk to and from downtown Cincinnati to work and shop.
Downtown Newport, 10 minutes from downtown Cincinnati, is being revitalized as well. The downtown eastside district is roughly rezoned residential. Currently, Newport is booming; its old business district is undergoing a renaissance. The exciting development draws thousands to its riverfront and benefits downtown. Its $210 million, 500,000 square-foot complex, Newport on the Levee, anchored by Newport Aquarium, is pumping millions to the city’s economy. There’s talk about building loft apartments and luxury condos on the Newport Riverfront. One project is the $800 million-$ 1 billion Ovation, which is residential and commercial development.