Summary. Cincinnati has a vast array of neighborhoods and communities that reflect every available lifestyle. From private, waterfront homes, to golf course communities, to urban lofts, Cincinnati and the surrounding areas offer a wide choice of housing alternatives. The great neighborhoods, towns and villages surrounding the city are all within minutes of downtown Cincy however each is unique and must be valued as such. The Cincinnati-Middletown−Wilmington Metropolitan Area has a population of 2,155,137 people, making it the 24th largest MSA in the country. It includes counties within Ohio, Kentucky, and Indiana. Cincinnati is geographically located near the center of the Midwest on the border between Ohio and Kentucky at the juncture of the Ohio and Licking Rivers. Two-thirds of the American population live within a one-day drive of the city. The city has an extensive highway system including an outer-belt, Interstate 275 (which is the longest circle highway in the country), and a spur, Interstate 471, to Kentucky. It is also served by Interstates 71, 74, and 75 and numerous U.S. highways. All of these factors contribute to a unique and ever-changing housing market that requires a distinct local knowledge and perspective.
Education. School districts are often a determining factor when new residents begin their search for a home in the Cincinnati area. As such, they can have a direct impact on your valuation. Whether your home resides in the CPS boundaries, Madeira, Mason City, Indian Hill Exempted Village, Wyoming City, Kenton County or any one of the other outstanding school districts in the area, it is important that your appraiser be familiar with the impact it has on your home’s value. Proximity to the large Private and Parochial School network in the area can also play a part in valuations.
Culture. Cincy is home to two major sports teams, the Cincinnati Reds and the Cincinnati Bengals, a major tennis tournament, the Cincinnati Masters, and home to large events such as the Flying Pig Marathon, the Macy’s Music Festival, and the WEBN Labor Day Fireworks/Riverfest. The University of Cincinnati also is located within the city limits. It has a vibrant downtown scene and the Great American Ballpark and Paul Brown Stadium have helped revitalize the downtown area.
Economy. Many major and diverse corporations have their head offices in Cincinnati, for example: Procter & Gamble, General Electric, The Kroger Company, Macy’s, Inc., Benziger Brothers, American Financial Group, First Group, Convergys, Omnicare, Great American Insurance Company, and Fifth Third Bank. Altogether, nine Fortune 500 companies and fifteen Fortune 1000 companies have headquarters in the Cincinnati area. With nine Fortune 500 company headquarters in Cincinnati, the region ranks in the United States Top 10 markets for number of Fortune 500 headquarters per million residents, higher than New York, Boston, Chicago or Los Angeles. In addition to Fortune 500 headquarters, 400 Fortune 500 companies have a presence in Cincinnati. Cincinnati has three Fortune Global 500 companies; three of the five Global 500 companies in the state of Ohio.
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