Top LocationsColumbus Ohio Real Estate Market 2019: Make a Move Now and Invest by Eman Hamed February 10, 2019February 10, 2019 by Eman Hamed February 10, 2019February 10, 2019Affordability and profitability – this is what you’ll enjoy as a real estate investor in the Columbus Ohio Real Estate Market 2019!Columbus might not have crossed your mind when you were looking for the best cities for investing in real estate. However, our statistics and research show that the Columbus real estate market is actually a hot one for investors in 2019. Last year, Realtor.com named it the 4th hottest housing market and Forbes also reported that Columbus is “a rare Midwest success story.”The Columbus Ohio real estate market has truly transformed itself and has begun growing again in recent years. This blog post dives into the different trends and factors that are making Columbus one of the best cities to buy an investment property in 2019. We also list the best neighborhoods in the city where real estate investors will find investment opportunities with high returns according to Mashvisor’s Investment Property Calculator.Columbus Home Prices Are a Bargain Columbus has to compete with the other surrounding cities in the Midwest housing market. However, one point in its favor is the lower cost of living. The main trend characterizing the Columbus Ohio real estate market 2019 is its very affordable housing. According to Zillow, the median price of Columbus homes for sale is currently $165,900 which is so cheap relative to the US national average of $275,000!Related: Where to Invest in Real Estate for Affordable Investment PropertiesFor a real estate investor, this makes Columbus a great housing market which offers opportunities to buy rental properties in cash instead of financing the purchase with a mortgage loan. Savvy property investors know that buying investment properties in cash could earn them higher returns. This is because they take the interest rates and mortgage payments out of the costs and expenses they need to cover.Therefore, you can buy a rental property in Columbus and start generating rental income for positive cash flow. Based on our data and real estate analytics, the traditional monthly rental income in the Columbus Ohio real estate market 2019 is $1,270. When spent wisely, this should yield a decent rate of return on the rental property for a real estate investor.Real Estate in Columbus Is Appreciating Buying an investment property in Columbus, OH is a good strategy not only for generating positive cash flow but also for real estate appreciation. According to data from NeighborhoodScout, appreciation rates for homes in Columbus have been above the national average for the last ten years (a cumulative appreciation rate of 27.34%). Their data also shows that during the last 12 months, the Columbus housing market’s appreciation rate was 6.6%. Furthermore, Zillow predicts a 5% growth in home value in the Columbus Ohio real estate market 2019. All of this hints to the city’s near-future real estate investment strength!Wondering why the city is enjoying high real estate appreciation rates? Well, there are many reasons, first of which is the high demand for homes in established neighborhoods. This is also accompanied by the growing population (we explore this in detail in the next point). The limited supply of homes in the market in these neighborhoods with high demand is driving up their prices.Another reason for high appreciation is the ongoing redevelopment activities in the Columbus Ohio real estate market. The city is in the top 10 markets for development/redevelopment opportunities in the PwC’s Emerging Trends in Real Estate Report for 2019. There are at least ten major redevelopment projects planned around the city, each of which will lead to an increased demand for homes. If you own rental properties in these areas, they’ll definitely be worth more!Do you have a free Mashvisor account? Use our Property Finder to find lucrative investment properties in Columbus, OH that match your criteria in a matter of minutes!The Growing Population Is Increasing Rental DemandColumbus is the 14th largest city in the US and is home to almost 900,000 people. This year, the city is projected to see population growth rates that exceed the national rate! First of all, the market is benefiting from positive levels of net migration as people are moving to Columbus from other smaller cities and counties in Ohio. As mentioned, the lower cost of living is the main factor attracting people to relocate to the Columbus real estate market. The high population growth rate explains why 50% of the Emerging Trends Report’s respondents advised real estate investors to buy multifamily property in Columbus, OH.Related: How Can You Find the Best MultiFamily Homes for Sale to Invest In?Moreover, another factor benefiting Columbus real estate investors is the city’s diverse demographics. First of all, families are attracted to the city for schools and job opportunities which, in turn, present the opportunity to invest in single-family homes. Columbus is also one of the top cities for retirees, meaning you can invest in senior housing.College students also choose Columbus for its variety of colleges (there are nearly 40 colleges within fifty miles of Columbus!). This means real estate investors can rent out to college students as well. It’s also expected that this generation will stay for work and start their own families, fueling demand for rental properties in the Columbus Ohio real estate market 2019!Columbus Is Landlord and Airbnb-Friendly Our final reason for why you should consider buying a rental property in Columbus, OH is the fact that it’s a friendly market to landlords. As a matter of fact, Ohio is much more landlord-friendly than the neighboring Midwestern states. For example, there are no laws regarding pets, payment grace periods or re-keying. In addition, there is no limit on late fees but they must be “reasonable.”Another point in favor of the Columbus Ohio real estate market is that short-term rentals like Airbnb are allowed throughout the city. The city did approve new Airbnb laws back in July that took effect at the beginning of this year. However, these regulations are not very strict compared to those of other major cities across the US.For example, short-term rental hosts have to apply for a permit. However, there is no cap on the number of days you can rent your property out on Airbnb in a year. Short-term rental hosts are also required to collect the city’s 5.1% hotel/motel tax from guests and pass the revenue on to the city. Nonetheless, the Airbnb rental income in Columbus is high enough to make a profitable Airbnb investment. According to Airbnb, Columbus is actually the #1 market in Ohio. So, it comes as no surprise that Now Is the Time to Invest in Airbnb Columbus, Ohio.Click here to start and end your search for the best Airbnb rental property in Columbus, OH.Where to Invest in the Columbus Ohio Real Estate Market 2019 Are you thinking of investing in real estate in Columbus? If you are, these are the best neighborhoods to buy Columbus investment properties, according to Mashvisor’s Investment Property Calculator. To get your hands on this kind of data, start out your 14-day free trial with Mashvisor now!EdgewoodMedian Property Price: $100,925Price Per Sq/Ft: $86Traditional Rental Income: $1,050Airbnb Rental Income: $2,754Traditional Cash on Cash Return: 5%Airbnb Cash on Cash Return: 14%Airbnb Occupancy Rate: 55%Reeb-HosackMedian Property Price: $95,780Price Per Sq/Ft: $63Traditional Rental Income: $1,050Airbnb Rental Income: $2,529Traditional Cash on Cash Return: 5%Airbnb Cash on Cash Return: 12%Airbnb Occupancy Rate: 54%South LindenMedian Property Price: $80,378Price Per Sq/Ft: $77Traditional Rental Income: $953Airbnb Rental Income: $2,131Traditional Cash on Cash Return: 5%Airbnb Cash on Cash Return: 11%Airbnb Occupancy Rate: 55%Southern OrchardsMedian Property Price: $177,672Price Per Sq/Ft: $116Traditional Rental Income: $1,248Airbnb Rental Income: $2,986Traditional Cash on Cash Return: 3%Airbnb Cash on Cash Return: 9%Airbnb Occupancy Rate: 59%Near SouthsideMedian Property Price: $113,327Price Per Sq/Ft: $86Traditional Rental Income: $1,042Airbnb Rental Income: $1,647Traditional Cash on Cash Return: 4%Airbnb Cash on Cash Return: 7%Airbnb Occupancy Rate: 47%South Side Median Property Price: $157,820Price Per Sq/Ft: $102Traditional Rental Income: $1,091Airbnb Rental Income: $2,825Traditional Cash on Cash Return: 3%Airbnb Cash on Cash Return: 9%Airbnb Occupancy Rate: 62%FranklintonMedian Property Price: $159,508Price Per Sq/Ft: $99Traditional Rental Income: $1,025Airbnb Rental Income: $2,454Traditional Cash on Cash Return: 3%Airbnb Cash on Cash Return: 8%Airbnb Occupancy Rate: 52%South of MainMedian Property Price: $140,622Price Per Sq/Ft: $94Traditional Rental Income: $1,027Airbnb Rental Income: $1,945Traditional Cash on Cash Return: 3%Airbnb Cash on Cash Return: 8%Airbnb Occupancy Rate: 46%Glen EchoMedian Property Price: $147,413Price Per Sq/Ft: $116Traditional Rental Income: $1,099Airbnb Rental Income: $2,176Traditional Cash on Cash Return: 3%Airbnb Cash on Cash Return: 7%Airbnb Occupancy Rate: 53%The Bottom LineIn short, the Columbus Ohio real estate market 2019 is doing as well as any big city in the country. The city mixes new redevelopment, good quality of life, and growth to create a stable housing market that has profitable investment opportunities to offer. To start looking for and analyzing the best investment properties in your neighborhood of choice, click here. Start Your Investment Property Search! START FREE TRIAL AirbnbAirbnb RegulationsColumbus OHOhioTraditional 0FacebookTwitterGoogle +PinterestLinkedin Eman HamedEman is a Content Writer at Mashvisor. With a focus on market reports, she enjoys researching the state of the real estate market in different cities across the US. Eman also writes about trends, forecasts, and tips for beginner investors to gain the confidence and knowledge they need to make wise decisions. Previous Post Real Estate Investor’s Guide: How to Find the Value of a Property Next Post 10 Best Places to Invest in Real Estate in 2019 Related Posts How About Investing in Kansas City Real Estate in 2018? What Are the Best Performing Cash on Cash Return Markets in the US? The 5 Best Markets to Invest in Real Estate for High Growth Where to Find the Best Houston Real Estate Investment in 2019 Los Angeles Real Estate Investing: 4 Reasons to Jump In Buying a short-term rental property? Invest in the most Airbnb friendly cities Consider These Top Locations When Buying Property in Florida for Real Estate Investing Should a Minneapolis Investment Property Be Your Next Purchase? Why and Where to Invest in the Austin Housing Market 2019 Why and Where to Buy a Multi Family Investment Property in 2018 Seattle Real Estate: The Best Investment Properties for 2018 The Miami Real Estate Market: Should You Invest in Short Term Rentals or Long Term Rentals?