Airbnb Rules and Regulations in Cincinnati, Ohio

As of 2024, all short-term rental operators in Cincinnati must register their properties with the city prior to hosting guests and adhere to the regulations outlined in the city ordinance. The registration process involves completing an online application, paying a fee, and receiving a permit that is valid for three years. Hosts are required to display their permit number in all listings and in the rental unit itself. Additionally, operators must collect and remit a 7% excise tax on the gross revenues generated from their short-term rental activities.

The city enforces occupancy limits based on the number and size of bedrooms, with a maximum of two guests per bedroom. While the city does not actively seek out violations, it responds to complaints and has the authority to issue fines, suspensions, and registration revocations for non-compliance. Overall, Cincinnati aims to strike a balance between allowing short-term rentals to operate while ensuring the safety and well-being of residents and neighborhoods.

Cincinnati Airbnb Market Data:

• Average Revenue – $75.9K per year
• Average Daily Rate – $469.6 per night
• Average Occupancy Rate – 51%
• Average RevPAR – $239.7
• Average Home Prices – $235,672

1. Top Place to Invest in Cincinnati, Ohio - Cincinnati Division

The Cincinnati Division, encompassing several vibrant neighborhoods, offers a diverse range of investment opportunities for Airbnb and short-term rental investors. With its rich history, thriving arts scene, and growing economy, this area has become increasingly attractive to both residents and visitors alike.

Cincinnati Division Airbnb Market Data:

• Average Revenue – $82.5K per year
• Average Daily Rate – $498.4 per night
• Average Occupancy Rate – 51%
• Average RevPAR – $255.4

Convenience - 7/10

The Cincinnati Division boasts a well-connected public transportation system, making it easy for guests to navigate the area without a car. The Cincinnati Bell Connector streetcar line runs through the heart of the city, connecting popular destinations such as Over-the-Rhine, Downtown, and The Banks. However, some neighborhoods within the division may require a bit more walking or reliance on ride-sharing services.

Tourist Attractions - 8/10

From world-class museums to stunning parks and gardens, the Cincinnati Division has no shortage of tourist attractions. The Cincinnati Art Museum, Taft Museum of Art, and the National Underground Railroad Freedom Center are just a few of the must-see cultural institutions. Visitors can also enjoy the beauty of Eden Park, Washington Park, and Smale Riverfront Park.

Things to Do - 9/10

The Cincinnati Division is a hub of activity, offering a wide variety of entertainment options for all ages and interests. Foodies will delight in the diverse culinary scene, with countless restaurants, bars, and breweries to explore. Sports enthusiasts can catch a Reds game at Great American Ball Park or a Bengals game at Paul Brown Stadium. The area also hosts numerous local festivals and events throughout the year, such as the Cincinnati Music Festival and Oktoberfest Zinzinnati.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in the Cincinnati Division is $285,000, representing a 3.2% appreciation rate over the past year. While this price point is relatively affordable compared to other major cities, it may still be a bit steep for some investors. It's important to carefully consider your budget and expected return on investment when selecting a property in this area.

Proximity to Work-Related Travel - 8/10

The Cincinnati Division is well-positioned for work-related travel, with several major hospitals, convention centers, and sports venues located within its boundaries. The University of Cincinnati Medical Center, Cincinnati Children's Hospital Medical Center, and Christ Hospital are all easily accessible. The Duke Energy Convention Center and the Sharonville Convention Center are popular destinations for business travelers. Additionally, the proximity to Great American Ball Park and Paul Brown Stadium makes it convenient for sports-related travel.

X-Factor - 9/10

What sets the Cincinnati Division apart is its unique blend of history, culture, and innovation. The area has been revitalized in recent years, with historic buildings repurposed into trendy apartments, shops, and restaurants. The Over-the-Rhine neighborhood, in particular, has transformed from a once-neglected area into a vibrant, artistic community. This combination of old-world charm and modern amenities creates a distinctive atmosphere that appeals to both locals and visitors.

2. Top Place to Invest in Cincinnati, Ohio - Oakley Square

Over the past two decades, Oakley Square, a vibrant hub in the heart of Cincinnati's Oakley neighborhood, has transformed into a hotspot for entertainment, dining, and shopping. This walkable urban district offers a unique blend of local charm and modern amenities, making it an attractive destination for residents and visitors alike.

Oakley Square Airbnb Market Data:

• Average Revenue – $62.4K per year
• Average Daily Rate – $339.7 per night
• Average Occupancy Rate – 57%
• Average RevPAR – $194.2

Convenience - 8/10

One of Oakley Square's greatest strengths is its walkability, ranking as Cincinnati's 9th most pedestrian-friendly neighborhood. With an abundance of well-maintained sidewalks, parks, and trails, getting around on foot or by bike is a breeze. The area also boasts excellent access to public transportation and major highways, ensuring easy commutes and exploration of the city.

Tourist Attractions - 6/10

While Oakley Square may not be a top tourist destination, it does offer a few notable attractions. The 20th Century Theatre, a historic venue, hosts various performances and events. Nearby parks, such as Ault Park, provide scenic outdoor spaces for relaxation and recreation. However, compared to other Cincinnati neighborhoods, Oakley Square's tourist appeal is somewhat limited.

Things to Do - 9/10

Oakley Square truly shines when it comes to entertainment and dining options. The district is home to a diverse array of restaurants, bars, breweries, and shops. From indie boutiques to national retailers, there's something for every taste and budget. The neighborhood also hosts popular events like Oakley After Hours and the Oakley Fancy Flea Market, adding to its lively atmosphere.

Average Home Prices - 7/10

According to Zillow data for 2024, the average home value in Oakley is $642,000, with condos averaging $379,000. While these prices are higher than the Cincinnati median of $285,000, they reflect the neighborhood's desirability and growth potential. In the past year, Oakley has seen a modest appreciation rate of 3.2%, indicating a stable and promising market for investors looking to enter the short-term rental industry.

Proximity to Work-Related Travel - 8/10

Oakley Square's location is ideal for those who frequently travel for work. The neighborhood is just a short drive from major hospitals like Christ Hospital and the University of Cincinnati Medical Center. Downtown Cincinnati, home to the Duke Energy Convention Center, is easily accessible via I-71. Sports fans will appreciate the proximity to Great American Ball Park and Paul Brown Stadium within a 15-minute drive.

X-Factor - 9/10

What sets Oakley Square apart is its perfect blend of urban convenience and local charm. The neighborhood has undergone significant revitalization, transforming historic buildings into trendy shops, restaurants, and apartments. This unique mix of old and new creates a distinctive character that appeals to both young professionals and families. With its strong sense of community, walkability, and growing popularity, Oakley Square is poised for continued success in the years to come.

3. Top Place to Invest in Cincinnati, Ohio - Hyde Park

Nestled in the heart of Cincinnati, Hyde Park is a charming and vibrant neighborhood that offers a perfect blend of urban convenience and suburban tranquility. With its tree-lined streets, historic architecture, and thriving business district, Hyde Park has become one of the most sought-after locations for starting an Airbnb rental.

Hyde Park Airbnb Market Data:

• Average Revenue – $59.7K per year
• Average Daily Rate – $355.6 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $189.9

Convenience - 9/10

One of Hyde Park's greatest strengths is its unbeatable location and accessibility. Situated just minutes from downtown Cincinnati and major highways like I-71 and the Norwood Lateral, commuting to work or exploring the city is a breeze. The neighborhood also boasts excellent walkability, with numerous shops, restaurants, and amenities within easy reach of most homes.

Tourist Attractions - 7/10

While Hyde Park may not be a top tourist destination in itself, it is home to several notable attractions that draw visitors from around the region. The Cincinnati Observatory, located on the edge of Hyde Park, is a historic landmark that offers stargazing events and educational programs. Nearby Eden Park features the Cincinnati Art Museum, Krohn Conservatory, and scenic overlooks of the Ohio River.

Things to Do - 8/10

Hyde Park offers a wealth of entertainment and leisure options for residents and visitors alike. Hyde Park Square is the heart of the neighborhood, a charming two-block area packed with unique shops, restaurants, cafes, and bars. From boutique shopping to fine dining, there's something for everyone. The neighborhood also hosts several popular local events throughout the year, including the Hyde Park Farmers' Market and the annual Hyde Park Art Show.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in Hyde Park is $503,496, which is significantly higher than the Cincinnati average of $291,336. While this may be a barrier for some investors, it also reflects the neighborhood's desirability and potential for appreciation. Hyde Park has seen a modest 3.2% increase in home values in the past year, indicating a stable and reliable market.

Proximity to Work-Related Travel - 8/10

Hyde Park's central location makes it an ideal base for work-related travel. The neighborhood is just a short drive from major hospitals like Christ Hospital and the University of Cincinnati Medical Center. Downtown Cincinnati, home to the Duke Energy Convention Center and numerous corporate headquarters, is easily accessible via I-71. Great American Ball Park and Paul Brown Stadium are also within easy reach for those in the sports industry.

X-Factor - 9/10

What sets Hyde Park apart is its unique blend of history, charm, and modern amenities. The neighborhood's architecture, ranging from grand Victorian mansions to cozy bungalows, creates a distinctive and appealing atmosphere. With its strong sense of community, excellent schools, and thriving business district, Hyde Park offers an unparalleled quality of life that attracts both families and young professionals. For investors, this translates to a stable and growing market with endless potential.

4. Top Place to Invest in Cincinnati, Ohio - Over-The-Rhine

Over-The-Rhine (OTR), a historic neighborhood in the heart of Cincinnati, has undergone a remarkable transformation in recent years. Once plagued by crime and neglect, OTR has emerged as a vibrant, diverse community that attracts residents and visitors with its unique blend of culture, entertainment, and urban living.

Over-The-Rhine Airbnb Market Data:

• Average Revenue – $116.8K per year
• Average Daily Rate – $682.5 per night
• Average Occupancy Rate – 51%
• Average RevPAR – $349.2

Convenience - 9/10

OTR's central location and excellent walkability make it one of the most convenient neighborhoods in Cincinnati. With a Walk Score of 91, residents can easily access a wide range of amenities, including grocery stores, restaurants, and public transportation. The Cincinnati Bell Connector streetcar line runs through the heart of OTR, providing easy access to downtown and other popular destinations.

Tourist Attractions - 8/10

Over-The-Rhine boasts a rich history and stunning architecture that draws visitors from around the world. The neighborhood is home to the largest collection of Italianate architecture in the United States, with many buildings dating back to the mid-19th century. Popular attractions include Washington Park, Findlay Market, and the Cincinnati Music Hall.

Things to Do - 10/10

OTR is a hub of activity, offering endless entertainment options for all ages and interests. The neighborhood is known for its thriving arts scene, with numerous galleries, theaters, and music venues. Foodies will delight in the diverse culinary offerings, from trendy restaurants to classic dive bars. OTR also hosts a variety of festivals and events throughout the year, such as the OTR 5K Run and the OTR Beerfest.

Average Home Prices - 7/10

According to Zillow data for 2024, the median home value in Over-The-Rhine is $425,000, with condos averaging $350,000. While these prices are higher than the Cincinnati median of $285,000, they reflect the neighborhood's desirability and growth potential. In the past year, OTR has seen a 4.5% appreciation rate, indicating a strong and promising market for investors.

Proximity to Work-Related Travel - 9/10

Over-The-Rhine's location is ideal for those who frequently travel for work. The neighborhood is just a short walk or streetcar ride from downtown Cincinnati, home to major corporations and the Duke Energy Convention Center. Hospitals like Christ Hospital and the University of Cincinnati Medical Center are also easily accessible. This makes it a solid area for a corporate rental, targeting those visiting for work-related purposes. For sports-related travel, Great American Ball Park and Paul Brown Stadium are just a few blocks away.

X-Factor - 10/10

What sets Over-The-Rhine apart is its unparalleled combination of history, culture, and urban revival. The neighborhood's stunning architecture and rich heritage create a unique sense of place that is both captivating and inspiring. With its thriving arts scene, diverse culinary offerings, and strong sense of community, OTR offers a lifestyle that appeals to a wide range of residents and visitors. For investors, the neighborhood's ongoing growth and popularity present a wealth of opportunities for both short-term and long-term success.

5. Top Place to Invest in Cincinnati, Ohio - Clifton

Clifton, a vibrant and eclectic neighborhood in Cincinnati's heart, has long been a favorite among students, young professionals, and families alike. With its proximity to the University of Cincinnati, diverse housing options, and thriving cultural scene, Clifton offers a unique blend of urban convenience and community charm.

Clifton Airbnb Market Data:

• Average Revenue – $62.4K per year
• Average Daily Rate – $454.3 per night
• Average Occupancy Rate – 41%
• Average RevPAR – $200.9

Convenience - 8/10

One of Clifton's greatest strengths is its walkability and access to public transportation. The neighborhood boasts a Walk Score of 83, indicating that most errands can be accomplished on foot. The University of Cincinnati's shuttle system and the Metro bus lines provide easy access to downtown and other parts of the city, making it an ideal location for those who prefer not to rely on a car.

Tourist Attractions - 7/10

While Clifton may not be a top tourist destination, it does offer several notable attractions. The Cincinnati Zoo and Botanical Garden, consistently ranked among the best zoos in the country, is located just minutes from the heart of Clifton. The neighborhood is also home to the Esquire Theatre, a historic movie theater that showcases independent and foreign films, as well as the Ludlow Garage, a legendary music venue that has hosted the likes of Bob Dylan and B.B. King.

Things to Do - 9/10

Clifton is known for its diverse and lively cultural scene, offering a wide range of entertainment options for residents and visitors alike. The neighborhood is home to numerous restaurants, cafes, and bars, ranging from cozy coffee shops to upscale dining establishments. Ludlow Avenue, Clifton's main thoroughfare, is lined with unique shops, boutiques, and galleries, making it a popular destination for shopping and browsing. The neighborhood also hosts several annual events, such as the Clifton Fest and the CliftonFest 5K, which showcase local artists, musicians, and businesses.

Average Home Prices - 6/10

According to Zillow data for 2024, the median home value in Clifton is $385,000, with condos averaging $225,000. While these prices are higher than the Cincinnati median of $285,000, they are relatively affordable compared to other popular neighborhoods like Hyde Park and Mt. Adams. In the past year, Clifton has seen a modest appreciation rate of 2.8%, indicating a stable market with potential for growth.

Proximity to Work-Related Travel - 9/10

Clifton's location is ideal for those who frequently travel for work, particularly in the healthcare and education sectors. The neighborhood is home to several major hospitals, including the University of Cincinnati Medical Center, Cincinnati Children's Hospital Medical Center, and Good Samaritan Hospital. The University of Cincinnati, one of the largest employers in the region, is also located in the heart of Clifton. The Duke Energy Convention Center is just a short drive or bus ride away for those attending conferences or conventions.

X-Factor - 8/10

What sets Clifton apart is its unique blend of diversity, culture, and community. The neighborhood's proximity to the University of Cincinnati creates a vibrant and youthful energy, while its historic homes and tree-lined streets provide a sense of charm and character. Clifton's diverse population, which includes students, families, and professionals from various backgrounds, contributes to a welcoming and inclusive atmosphere. With its strong sense of community, walkability, and access to amenities, Clifton offers an attractive lifestyle for both residents and visitors, making it a promising location for old and new short-term rental investors.

6. Top Place to Invest in Cincinnati, Ohio - Walnut Hills

Walnut Hills, a historic neighborhood perched on the hills east of downtown Cincinnati, is experiencing a renaissance. With its stunning Victorian architecture, convenient location, and growing business district, this diverse community is attracting the attention of investors, entrepreneurs, and residents seeking an urban lifestyle with a touch of charm.

Walnut Hills Airbnb Market Data:

• Average Revenue – $96.9K per year
• Average Daily Rate – $531.9 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $288

Convenience - 7/10

Walnut Hills offers a mix of walkability and transit access, making it a convenient location for those who prefer not to rely solely on a car. The neighborhood has a Walk Score of 75, indicating that most errands can be accomplished on foot. Several Metro bus lines serve the area, providing connections to downtown and other parts of the city. However, some parts of the neighborhood may require a car or ride-sharing service for optimal convenience.

Tourist Attractions - 6/10

While Walnut Hills may not be a primary tourist destination, it does offer a few notable attractions. The Harriet Beecher Stowe House, a National Historic Landmark, is located in the heart of the neighborhood and offers tours and educational programs. The Walnut Hills Cemetery, dating back to 1843, is a beautiful and historic green space that provides a peaceful respite from the city. Nearby Eden Park, with its museums, gardens, and scenic overlooks, is also a popular destination for visitors.

Things to Do - 7/10

Walnut Hills is home to a growing number of restaurants, bars, and shops, particularly along the historic Peebles Corner business district. From cozy coffee shops to upscale dining establishments, there is something to suit every taste and budget. The neighborhood also hosts several annual events, such as the Walnut Hills 5K and the Walnut Hills Music Festival, which showcase local talent and bring the community together.

Average Home Prices - 8/10

According to Zillow data for 2024, the median home value in Walnut Hills is $225,000, with condos averaging $150,000. These prices are significantly lower than the Cincinnati median of $285,000, making Walnut Hills an attractive option for investors seeking affordable properties with potential for appreciation. In the past year, the neighborhood has seen a 5.2% increase in home values, indicating a growing demand and a promising market for investment.

Proximity to Work-Related Travel - 8/10

Walnut Hills' location is convenient for those who travel frequently for work. The neighborhood is just minutes from downtown Cincinnati, home to major corporations and the Duke Energy Convention Center. Several hospitals, including Christ Hospital and the University of Cincinnati Medical Center, are also easily accessible. For those in the sports industry, Great American Ball Park and Paul Brown Stadium are just a short drive away.

X-Factor - 9/10

What sets Walnut Hills apart is its unique blend of history, diversity, and community spirit. The neighborhood's stunning Victorian architecture, including grand mansions and charming row houses, creates a distinctive sense of place. Walnut Hills is also known for its diverse population, with residents from a variety of backgrounds and walks of life contributing to a vibrant and welcoming atmosphere. As the neighborhood undergoes revitalization, with new businesses and developments taking root, it offers an exciting opportunity for investors to be part of a community on the rise. With its affordable prices, convenient location, and growing popularity, Walnut Hills is poised to become one of Cincinnati's most desirable neighborhoods for Airbnb and short-term rental investments.