About the Columbus Housing Market
Columbus, Ohio is a great place to invest in real estate. The city has a strong economy, a growing population, and a limited housing supply. This combination of factors has led to rising home prices and strong rental demand.
There are a number of factors that are driving Columbus’ growth. The city is home to a number of Fortune 500 companies, including Nationwide Insurance, L Brands, and Cardinal Health. These companies provide a strong job market, which is attracting new residents to the area.
Columbus is also a major transportation hub. The city is served by two major airports, as well as a number of interstate highways. This makes it easy for people to get to and from Columbus, which is another factor that is contributing to the city’s growth.
All of these factors have contributed to Columbus’ growth, and the city is expected to continue growing in the coming years. If you are looking for a city with a strong job market, a vibrant culture, and a variety of amenities, then Columbus is a great option.
Median Household Income: $58,575
Metro Population: 2.1 Million
11-Year Population Growth: 11.8%
Median Home Price: $290,000
Median Rent Per Month: $1,257
1-Year Equity Growth: 4.3%
Tenant Laws: Landlord-Friendly
8-Year Equity Growth (January 2014 – December 2022): 62.5%
1-Year Rent Growth: 0.8%
8-Year Rent Growth (January 2014 – December 2022): 28.3%
Job Growth: +26,200 CES jobs created over the last year
1-Year Job Growth Rate: 1.4%
Unemployment Rate: 3.0%
What to Like
Thriving job market
Low home prices & cost of living
Excellent education
Vibrant culture and arts
What to Watch Out For
Harsh winters
Lack of diversity
Heavy traffic
Higher crime rate in some areas
– Columbus has a diverse economy with many thriving industries, including healthcare, education, finance, and technology. This has led to a strong job market and attracted many young professionals to the area.
– Columbus is home to Ohio State University, one of the largest universities in the US. This has helped to create a highly educated workforce and attract research and development opportunities.
– Columbus offers a high quality of life, with a strong sense of community, access to cultural amenities, and a wide range of recreational opportunities.
– Ohio and Columbus have worked to create a pro-business environment that encourages entrepreneurship and innovation. This has led to a thriving startup ecosystem and a growing number of technology and biotech companies in the area.
– Columbus is located in the center of the state of Ohio, which makes it a convenient location for businesses and residents alike. It is also within easy driving distance of several major metropolitan areas, including Chicago, Detroit, and Pittsburgh.
Growing Population
Columbus is one of the fastest-growing cities in the United States. The city’s population is expected to grow by 10% over the next decade. This growth is being driven by a number of factors, including job growth, in-migration, and a high birth rate.
Strong job market
Columbus is home to a number of Fortune 500 companies, including Nationwide Insurance, L Brands, and American Electric Power. The city’s economy is also supported by a number of education and healthcare institutions.
Economic Diversification
In addition to its strong job market and transportation infrastructure, Columbus also offers a number of amenities that are attractive to potential residents. The city has a vibrant arts and culture scene, as well as a number of parks and green spaces. Columbus is also home to a number of colleges and universities, which makes it a great place for young professionals.
Purchasing Property in Columbus
Columbus has a limited housing supply. This is due to a number of factors, including the city’s rapid growth and the fact that it is surrounded by farmland. The limited housing supply is helping to drive up home prices and rental rates.
Columbus is a growing city with a strong economy, which means there is a high demand for rental properties. This means that you’re likely to be able to find tenants quickly and easily, and you can expect to keep your rental units occupied most of the time.
Ohio is a tax-friendly state for landlords, which means that you’ll have to pay lower taxes on your rental income. This can help to boost your profits and make your investment more attractive. Columbus is a city with a strong economy and a bright future. This means that there is a good chance that the value of your rental properties will continue to appreciate over time.
Columbus, Ohio
No warranty, expressed or implied, is made regarding the accuracy, adequacy, completeness, reliability or usefulness of any data provided. These data are provided “as is.” All warranties of any kind, expressed or implied, including but not limited to fitness for a particular use, freedom from computer viruses, and non-infringement of proprietary rights, are disclaimed. By visiting this website, the user agrees that the data presented here is added and changed periodically, and data may become out-of-date quickly. This data is provided for informational use only, and the user is encouraged to perform his/her own research.