Cincinnati, Ohio Short-Term Rental Market Overview

Population: 309,317
Annual Visitors: 6,500,000
Total STRs: 2,596
ADR: $154.00

Visitor Profile

Cincinnati, Ohio attracts a diverse array of visitors, primarily those eager to explore its rich cultural scene, historic landmarks, and vibrant food and craft beer culture. Families often come to experience renowned attractions like the Cincinnati Zoo & Botanical Garden, while history buffs are drawn to sites such as the Cincinnati Museum Center or the National Underground Railroad Freedom Center. Adventure and outdoor enthusiasts enjoy strolling through scenic parks like Eden Park or the Smale Riverfront Park, soaking in picturesque views along the Ohio River.

For those seeking an immersive experience, Cincinnati offers an engaging blend of arts, history, and entertainment. Visitors looking for iconic local experiences frequently visit the city’s historic train station, Union Terminal, which is an architectural marvel and part of the city’s vibrant downtown. Whether for a weekend getaway or a longer vacation, travelers prioritize discovering Cincinnati’s unique charm and diverse attractions, with resources like the official Cincinnati tourism site serving as a key guide for planning their visit.

Top Attractions

Nestled along the Ohio River, Cincinnati offers a vibrant blend of cultural, historical, and entertainment attractions that draw visitors from around the globe. One of the city’s crown jewels is the Cincinnati Museum Center at Union Terminal, a stunning Art Deco building that houses several museums and an impressive Cincinnati History Museum. Just nearby, the Cincinnati Zoo and Botanical Garden provides a family-friendly experience immersed in the beauty of nature and wildlife. For those interested in American history, the National Underground Railroad Freedom Center offers powerful exhibits on Civil Rights and the abolition movement, making the city a hub of educational and inspiring sights.
Beyond its museums and historical sites, Cincinnati is known for its lively arts and entertainment scene. Fountain Square, the city’s iconic gathering spot, hosts events, concerts, and festivals year-round, embodying the city’s lively spirit. Sports fans can enjoy a game from the Cincinnati Reds or Cincinnati Bengals, both integral parts of the city’s identity. Food lovers are drawn to Cincinnati’s unique culinary offerings, including its famous Skyline Chili and local breweries. With a mix of cultural landmarks, green spaces like Eden Park, and quirky hidden gems such as the American Sign Museum, Cincinnati invites visitors to explore its rich heritage and dynamic community.

Regulations

Cincinnati, Ohio has established a regulatory framework for short-term rentals (STRs) that emphasizes compliance with local zoning, licensing, and safety standards. Hosts can expect to navigate requirements designed to balance neighborhood integrity with the growing demand for short-term accommodations. The city’s approach involves specific permits, adherence to primary residence rules, and obligations related to occupancy limits and taxes, reflecting a structured environment to ensure responsible hosting.

Key Regulatory Considerations:

Licensing and Permits: Cincinnati requires STR hosts to obtain a permit before operating legally. The application process involves submitting relevant documentation and paying associated fees, with periodic renewals to maintain compliance. Oversight is typically managed by the city’s Department of Buildings or a similar regulatory body.

Primary Residence Requirements: STR permits often mandate that the rental property must be the host’s primary residence. This rule usually restricts non-owner-occupied short-term rentals to ensure community stability. Hosts should verify if there are limits on the number of rental days or stipulations on the host’s presence during guest stays.

Zoning and Location: The city enforces zoning ordinances that designate where STR properties can legally operate. Certain residential zones may prohibit or restrict STR activity to protect neighborhood character, so hosts must confirm their property’s zoning compliance.

Occupancy, Health & Safety: Regulations define maximum occupancy levels to prevent overcrowding. Hosts must equip properties with safety devices such as smoke detectors, carbon monoxide alarms, and fire extinguishers. Adherence to health and safety inspections can be part of the permitting or renewal process.

Tax Obligations: Cincinnati levies a transient occupancy tax on STR rentals, and hosts are responsible for collecting and remitting this tax. Additional sales tax or local taxes might also apply, necessitating registration with tax authorities.

Operational Standards & Enforcement: The city may have rules governing STR advertising, noise limits, and guest behavior. Non-compliance can lead to fines, permit suspension, or revocation. Maintaining good communication with neighbors and following operational guidelines is crucial.

For the most current and legally binding information, property owners should consult the City of Cincinnati’s Official Short-Term Rental Regulations page. This source provides authoritative details on permitting, compliance requirements, and related policies, ensuring hosts stay informed and operate within municipal law.

Cincinnati, Ohio Market Performance Trends

LTM Avg. Daily Rate$159.00
LTM Occupancy Rate51.7%
LTM Avg. Revenue$1,892

Cincinnati, Ohio Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:63.2% Booked
  • 4-6 Months:57.8% Booked
  • 7-9 Months:41.4% Booked
  • 10-12 Months:8% Booked

Cancellation Policies

  • Flexible:35.7%
  • Moderate:35.4%
  • Strict:26.4%
  • Super Strict:26.4%
  • N/A:1.3%

Minimum Stay

  • 1 Day:661
  • 2 Days:549
  • 3 Days:164
  • 4-6 Days:82
  • 7-29 Days:148
  • 30+ Days:151

Cincinnati, Ohio Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Guest Rating Highlights

  • Overall Rating:4.78 / 5
  • Cleanliness:4.82 / 5
  • Location:4.75 / 5
  • Value:4.78 / 5
  • Accuracy:4.86 / 5
  • Check-in:4.88 / 5
  • Communication:4.91 / 5

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