If you rent a house or apartment in the Cincinnati area, chances are you’ve been hit with a substantial rent increase in the past year.
The overall median rent in the Cincinnati metro area reached $1,682 in August, up about 25.8% from the same month a year ago, according to a report released Wednesday by real estate market tracker, Redfin.
That was the biggest year-over-year surge in rents among the top 50 U.S. metro areas, continuing a long-term trend in which the Cincinnati area has led the nation for the fastest pace of rent hikes in two out of the past three months, the report showed.
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