2019-2020 Housing Market Overview
Columbus Real Estate Market 2020
On this page you'll learn about the Columbus, OH real estate market for 2019 and 2020.
Columbus Real Estate Market Overview
Median household income:
Median home price*:
Median monthly rent*:
Interested in investing in the Columbus real estate market in 2019 or 2020? On this page you’ll learn about housing market trends and statistics to help you make that decision.
Please Note: This page is current as of January 2019. While most of the data points presented on this page won’t have changed considerably in the last year, we always want to make sure our content is as current and accurate as we possibly can. This page will be officially updated for 2020 by early January, so check back to get the latest updates!
If you’d like to be notified when this page is fully update for 2020, please send an email to KathyFettke@realwealthnetwork.com with the subject line “Columbus Market Update 2020” and we’ll make sure to notify you! 🙂
Columbus is the capital of Ohio, the county seat of Franklin County, and the largest city in the state. In recent years, it has emerged as one of the nation’s most technologically sophisticated cities. It is home to the Batelle Memorial Institute, the world’s largest private research and development foundation, and Ohio State University, the nation’s third-largest university campus.
Columbus Housing Market Trends
Columbus Real Estate Market Trends & Statistics 2019In this section, you’ll learn about the top factors that make Columbus one of the strongest real estate markets of 2019, including: affordability, rental income, cash flow, and equity growth potential. Explore Columbus’ housing market, population, and employment trends in the tabs above to learn more.
Columbus property values are more affordable than other U.S. real estate markets today.
- In January 2018, the median price of three bedroom homes in Columbus was $165,000. This is over 18% lower than the national average of $202,000.
- The median price of three bedroom homes, in the neighborhoods where Real Wealth Network members invest, is only $105,000. This is 48% less than the average three bedroom home nationwide.
- This shows us that real estate in Columbus is uniquely affordable, especially in the neighborhoods where Real Wealth Network members are investing.
It is possible to generate passive monthly income in Columbus.
- In January 2018, the median monthly rent for three bedroom homes in the Columbus metro area was over $1,300, which is 0.80% of the purchase price of $165,000.
- In the neighborhoods where Real Wealth Network members invest, the median monthly rent of R.E.A.L. Income Properties™ is just over $1,000, which is 0.98% of the average purchase price of $105,000.
- This shows us that there’s a strong opportunity to generate passive monthly income in Columbus at a higher price-to-rent ratio than the national average.
Columbus property values have been rising consistently over the last several years.
- In January 2012, the median price of three bedroom homes in the Columbus metro area was $121,000. In the past six years (Jan. 2012 to Jan. 2018), three bedroom homes in Columbus have appreciated by over 36%. During the same period, three bedroom homes increased by 41% nationwide.
- Although the median price of three bedroom homes in Columbus has appreciated less than the national average, it has been rising consistently every year. Over the past six years, the annual growth rate has been 5.3% which is just under the national average of 5.9%.
- This shows us that Columbus offers an opportunity for equity growth over the long term; this is also a good indication that the Columbus real estate market is more stable than other U.S. markets.
Rents in Columbus Have Risen at a Faster Rate than the National Average
- In January 2012, the median rent for three bedroom homes in the Columbus metro area was $1,115. Over the past six years, rents have risen by 18%. During the same period, rents for three bedroom homes nationwide rose by only 17%.
- This shows us that Columbus offers investors a strong rental income opportunity.
People are Moving to Columbus at a Much Faster Rate than Many Other U.S. Cities
- Since 2010, more than 170,000 people have moved to the Columbus metro area. This is over a 9% increase in population, which is considerably higher than the 5% national average.
- This is significant because population growth creates an increased demand for housing, which drives up property values and rents. These are good signs for Columbus investment property owners.
Columbus is creating jobs at a steady rate.
- Between August 2017 and 2018, Columbus created over 9,000 jobs – a growth rate of 0.83%. This is lower than the national average of 1.73% during this period.
- Although Columbus’ job growth isn’t staggering, it’s still a promising sign for real estate investors because jobs attract people and people always need a place to live.
Columbus’ Population is Growing Rapidly Since 2010, Columbus’ population has increased 71% faster than the national average. Columbus is Affordable In the Columbus neighborhoods where RWN members invest, the median price of 3 bedroom homes is 48% lower than the national average. Columbus is Cash Flowing In the Columbus neighborhoods where RWN members invest, the median monthly rent of 3 bedroom homes is 0.98% of the purchase price, which is 38% higher than the national average. Columbus Home Values & Rents are Rising Since 2012, 3 bedroom homes in Columbus have appreciated by 36% compared to 41% nationally. During the same period, rents appreciated by 18% compared to 17% nationally. Columbus is Creating Jobs In the past year, the number of jobs in Columbus created over 9,000 jobs – a growth rate of 0.83%. Although this is lower than the 1.7% national average, it’s still a promising sign for investors.
Major Employers in Columbus
Columbus Housing Market News
Disclaimer: The information provided on this page is for educational purposes only. Real Wealth Network makes no warranty or representation as to the accuracy, completeness or reliability of this information. Please be advised that this content may contain errors, is subject to revision at all times, and should not be relied upon for any purpose. Under no circumstances shall Real Wealth Network be liable to you or anyone else for damage stemming from the use or misuse of this information.