Columbus, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Columbus, OH Housing Market Trends

With 898,553 people, 357,128 houses or apartments, and a median cost of homes of $191,868, Columbus real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Columbus, accounting for 46.06% of the city's housing units. Other types of housing that are prevalent in Columbus include large apartment complexes or high rise apartments ( 30.19%), duplexes, homes converted to apartments or other small apartment buildings ( 13.26%), and a few row houses and other attached homes ( 9.75%).

People in Columbus primarily live in small (one, two or no bedroom) single-family detached homes. Columbus has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Columbus built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Columbus built between 1940-1969 ( 27.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.34%). There's also some housing in Columbus built before 1939 ( 11.59%).

Columbus Home Appreciation Rates

In the last 10 years, Columbus has experienced some of the highest home appreciation rates of any community in the nation. Columbus real estate appreciated 74.68% over the last ten years, which is an average annual home appreciation rate of 5.74%, putting Columbus in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Columbus definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Columbus that despite a nationwide downturn in the housing market, Columbus real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Columbus appreciation rates continue to be some of the highest in America, at 10.70%, which is higher than appreciation rates in 73.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Columbus. Columbus appreciation rates in the latest quarter were at 2.74%, which equates to an annual appreciation rate of 11.44%.

Relative to Ohio, our data show that Columbus's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Columbus differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Columbus - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Columbus real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$191,868

Columbus, OH HOME PRICES

> $1,336,000
0.3%
0.3%
$1,002,001 - $1,336,000
0.5%
0.5%
$668,001 - $1,002,000
2.0%
2.0%
$534,001 - $668,000
1.8%
1.8%
$401,001 - $534,000
5.4%
5.4%
$267,001 - $401,000
17.6%
17.6%
$134,001 - $267,000
41.1%
41.1%
$67,001 - $134,000
23.3%
23.3%
$0 - $67,000
7.9%
7.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for OH

Value Relative To Nation

Number Of Homes And Apartments:
357,128

Columbus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
75.93% 2.66%
10
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,342 / per month

Homeownership Rate

Owners
43.5%
43.5%
Renters
56.5%
56.5%
Vacant
9.1%
9.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
17.3%
17.3%
1970 - 1999
43.3%
43.3%
1940 - 1969
27.8%
27.8%
1939 or Older
11.6%
11.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
46.1%
46.1%
Townhomes
9.8%
9.8%
Small Apt. Buildings
13.3%
13.3%
Apt. Complexes
30.2%
30.2%
Mobile Homes
0.7%
0.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.2%
2.2%
1 Bedroom
14.8%
14.8%
2 Bedrooms
36.1%
36.1%
3 Bedrooms
34.2%
34.2%
4 Bedrooms
11.3%
11.3%
5 or more bedrooms
1.4%
1.4%
0.0% 100.0%
% OF HOMES