koØm
08-19-2019, 08:44 PM
This Cincinnati neighborhood ranks among the worst places in Ohio to buy a home
A neighborhood within the city of Cincinnati is one of the worst places for homeownership in the state, according to a recent study.
UnitedStatesZipCodes.org ranked the 45203 ZIP code, which is made up mostly of Queensgate, as No. 4 among the worst places in Ohio to buy a home. The study, based on the most recent Census Bureau data for cities with a population of 60,000 or more, reviewed each area’s price to rent ratio found by dividing the median home value by the median annual rent.
When home prices rise significantly faster than local rent, the ratio will rise. This indicates a possible housing bubble where it may be better to rent.
Yeah, tell me about it, it's called "Gentrification."
ETA: https://www.bizjournals.com/cincinnati/news/2019/08/19/this-cincinnati-neighborhood-ranks-among-the-worst.html
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A neighborhood within the city of Cincinnati is one of the worst places for homeownership in the state, according to a recent study.
UnitedStatesZipCodes.org ranked the 45203 ZIP code, which is made up mostly of Queensgate, as No. 4 among the worst places in Ohio to buy a home. The study, based on the most recent Census Bureau data for cities with a population of 60,000 or more, reviewed each area’s price to rent ratio found by dividing the median home value by the median annual rent.
When home prices rise significantly faster than local rent, the ratio will rise. This indicates a possible housing bubble where it may be better to rent.
Yeah, tell me about it, it's called "Gentrification."
ETA: https://www.bizjournals.com/cincinnati/news/2019/08/19/this-cincinnati-neighborhood-ranks-among-the-worst.html
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