Real Estate Prices in Columbus Ohio

[Aram Jawad]

Earlier this morning, I was reading an article about the Columbus housing prices. It was a shock when I learned that Columbus is the only city in the top 20 cities in the US with a population over 1 million people. This is great for realtors and for business in general, the more people the better the economy. Especially when large names are investing in Columbus like Intel and Honda which it was a factor to lead to over %70 percent of central Ohio houses are sold only within 30 days or less in March, 2023. The demand is extremely high, while the supply is fairly low.

[Joshua Janus]

Quote from @Aram Jawad:

Earlier this morning, I was reading an article about the Columbus housing prices. It was a shock when I learned that Columbus is the only city in the top 20 cities in the US with a population over 1 million people. This is great for realtors and for business in general, the more people the better the economy. Especially when large names are investing in Columbus like Intel and Honda which it was a factor to lead to over %70 percent of central Ohio houses are sold only within 30 days or less in March, 2023. The demand is extremely high, while the supply is fairly low.

Columbus, Ohio is a great market to invest in. The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here. The appreciation rate in Columbus has been 8% higher than the national average over the last year. Tech companies are continuously moving here and establishing a footprint in Columbus as well. Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.

https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/

Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs.

https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-care

Here are a few more recent investments

https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0

https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus

Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest