Columbus, OH - Pre Boom or too late?

[Eunice L.]

Hi Everyone,

Columbus OH is one of the cities that I'm researching and interested in. Do you think that Columbus is a pre boom city or not? Here is an excerpt from one of the articles by @Tom Ott in regards to what is considered a pre boom city. Thank you!

"These are areas where the growth is steadily increasing in multiple economic factors: rising population, industry success, job rate growth, and decreasing crime rates. If you can identify a marketplace before it skyrockets, you are in a place to make enormous returns. The reason for that is you can purchase properties for incredibly low prices. Soon, the area will experience growth at such rates it can hardly keep up. As the local industries prosper, people will want to live nearby for quicker work commutes. Houses and apartments will fill-up rapidly. Since it takes quite some time to build new houses and structures, people will scramble to buy and rent. With such high demand and little supply, prices will rise immediately. People will be begging to be your tenant. You'll get to choose who you believe will be the steadiest, most reliable resident."

[David R Haywood]

Hi Eunice! I have been in Columbus for a handful of years now and have invested there. In my experience the city as a whole is on the upward trend towards being mature, but there is potential for catching lightening. It really depends on which neighborhoods you target. There are some neighborhoods, such as Clintonville, German Village, Short North, that would have been huge opportunities 5-10 years ago, but have since matured. However the city as a whole is experiencing increased growth at a steady rate, schools are improving, infrastructure is improving, and therefore some neighborhoods that you wouldn’t have wanted to focus on five years ago have the potential for big returns now and in the next five years.