More good news for Columbus, Ohio! We’re ranked #1 in the Midwest for real estate outlook!
This year’s Emerging Trends in Real Estate report by the Urban Land Institute and PwC scored cities based on the real estate marketplace and overall development trends.
This is a massive report, so here’s what it had to say about Columbus, Ohio:
Local Market Perspective for Columbus
- Local Economy: Strong
- Investor Demand: Improving
- Availability of Debt and Equity Capital: Improving
- Development/Redevelopment Opportunities: Improving
- Local Public and Private Investment: Improving
Columbus: A Market To Watch
“Opportunities still exist within most markets. A number of investors view markets with challenges as opportunities waiting to happen”
“Columbus continues to benefit from good job growth that is driving real estate rent growth,”
“Being the capital of Ohio as well as the home of the state’s largest university has helped maintain a stable economic base, and the city’s geographic location continues to enhance its position as a distribution hub. Investors have been drawn to the Columbus market and have been rewarded with attractive yields, helping raise the positive perception of the city among national investors.”
Recently Columbus was also named Best Big City In The Midwest, one of the Best Cities For Job Seekers, and one of the hottest housing markets in the US. Plus, the Columbus zip code 43214 was named as one of the hottest zip codes in the US.
All of these accolades are generally attributed to a healthy job market, excellent universities, and popular neighborhoods.
Columbus has neighborhoods that offer fantastic features and amenities enjoyed by Millennials and Boomers alike.
The report notes the university is adding to the perception that Columbus is hip, and goes on to say:
“This desirable factor is also benefiting from a rise in the number of developments that are geared toward walkability,”
“These developments are not concentrated in a single area, but are located in different locations within the metro area.”
Find The Ideal Columbus Location
The report also advised, “Site selection is more important than ever. You want to be in the A-plus location and avoid anything marginal.”
This means if you’re buying a home in the Columbus area, you will want a local real estate expert to help you determine the best location for your lifestyle and housing needs.
As a Central Ohio native, I have the local knowledge to help you find that A-plus location. Contact me, REALTOR Rita Boswell, at (614) 547-3229 to start your Columbus home search today.