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Columbus is the state capital and largest city of Ohio. With a population of almost 900,000 people,  it is the 14th most populous city in the US. The Columbus metropolitan area is home to nearly 2.13 million residents. The city’s fairly large population combined with the fact that 56.2% of the residents (according to NeighborhoodScout) live in rental properties rather than own a home is a good indicator for those considering investing in the Columbus real estate market, especially with regard to long-term rental properties. 

Columbus enjoys a diverse economy balanced among the services, trade, government, and manufacturing sectors, which makes for a high employment growth rate. It is home to the Battelle Memorial Institute, the world’s largest private research and development foundation; NetJets, the world’s largest fractional ownership jet aircraft fleet; and Chemical Abstracts Service (CAS), the world’s largest clearinghouse of chemical information. Several higher learning institutions are located in Columbus, including Ohio State University, which is the largest employer in the city. Columbus is the corporate headquarters for many nationwide firms. Large financial institutions such as JP Morgan Chase and Huntington operate more than 400 offices throughout the metropolitan area. With more than 70 insurance companies based in the city, Columbus ranks among the insurance capitals of the US. In total, there are five Fortune 500 companies headquartered in the city. The US government is the city’s third largest employer, employing a total of 13,800 employees. Other industries in Columbus include manufacturing, technology, healthcare, retail, food, energy, logistics, and fashion. 


The Columbus real estate market was named the 23rd most important U.S. Market to Watch by PWC in its annual Emerging Trends in Real Estate: United States and Canada 2019 report. The city’s expanding economy, growing population, as well as good quality of life contribute to a stable housing market that has profitable real estate investment opportunities to offer. 

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Columbus  Real Estate Investment Performance
Facts and Market Trends in Columbus
Homes For Sale
1,167
Airbnb Properties
732
Rental Properties
2,383
Traditional Vacancy rate
5.40%
Airbnb Occupancy Rate
51.31%
Mashmeter
58.32%
Median Price
$243,130
Median Rent Price
$1,289
Price/sqft
$139
Median Days on Market
56
Price to Rent Ratio
16.4
Average Cap Rate
Airbnb
4.43%
Traditional
1.67%
Average Rental Income
Airbnb
$2,179
Traditional
$1,232
 
Median Household Income
$63,764
Population
879,170
Transportation in Columbus
41 / 100
Car-Dependent
33 / 100
Some Transit
47 / 100
Somewhat Bikeable
Columbus  Rent Prices
RENTAL STRATEGY STUDIOS 1 ROOM 2 ROOMS 3 ROOMS 4 ROOMS
Airbnb$1,714$1,505$1,820$2,137$2,342
Traditional$671$830$982$1,282$1,550
Columbus, OH - Homes for Sale - Newly Listed
$415,000
MLS 219027060
412 Stoddart Avenue
Columbus, OH 43205
South of Main
Single Family Residential
3 beds3 baths1,700 sq.ft.
CAP RATE
Trad. 0.29%Airbnb 2.73%
$150,000
MLS 219027074
2855 East Avenue
Columbus, OH 43202
Clintonville
Single Family Residential
3 beds2 baths1,280 sq.ft.
CAP RATE
Trad. 1.92%Airbnb 6.73%
$169,911
MLS 219027116
5287 Roche Place
Columbus, OH 43229
Salem Village
Single Family Residential
3 beds2 baths1,668 sq.ft.
CAP RATE
Trad. 1.78%Airbnb 3.35%
$144,900
MLS 219027079
1574 Garywood Avenue
Columbus, OH 43227
Linwood
Single Family Residential
3 beds1 baths1,137 sq.ft.
CAP RATE
Trad. 0.82%Airbnb 6.66%
Top Performing Columbus Properties
$219,800
MLS 219023174
1829 Rhoda Avenue
Columbus, OH 43212
West Campus
Single Family Residential
4 beds1 baths1,101 sq.ft.
CAP RATE
Trad. 0.30%Airbnb 8.00%
$154,900
MLS 219020254
1308 Fair Avenue
Columbus, OH 43205
Near East
Single Family Residential
3 beds2 baths1,988 sq.ft.
CAP RATE
Trad. 0.04%Airbnb 7.97%
$194,793
MLS
1214 Madison Ave
Columbus, OH 43205
Near East
Single Family Residential
4 beds1 baths2,163 sq.ft.
CAP RATE
Trad. 0.09%Airbnb 7.90%
$67,990
MLS 219018874
635 N Dawson Avenue
Columbus, OH 43219
East Columbus
Single Family Residential
2 beds1 baths762 sq.ft.
CAP RATE
Trad. 5.61%Airbnb 7.79%
Recently Sold Homes in Columbus, OH
$54,900
MLS 219026682
1940 Eddystone Avenue
Columbus, OH 43224
East Linden
Single Family Residential
2 beds1 baths938 sq.ft.
CAP RATE
Trad. -2.69%Airbnb N/A
$208,000
MLS 219026486
3523 Lindstrom Drive
Columbus, OH 43228
Scioto Woods
Single Family Residential
3 beds2 baths1,344 sq.ft.
CAP RATE
Trad. 1.76%Airbnb N/A
$153,900
MLS 219026343
2037 Shawbury Court W
Columbus, OH 43229
Northland I
Single Family Residential
3 beds2 baths1,444 sq.ft.
CAP RATE
Trad. 1.07%Airbnb N/A
$285,000
MLS 219025932
1009 S Wall Street
Columbus, OH 43206
German Village Commission
Condo/Coop
2 beds3 baths1,766 sq.ft.
CAP RATE
Trad. 0.10%Airbnb 0.57%
Property Value Changes and Real Estate Appreciation in the Columbus Housing Market

Real estate appreciation has been moderate for Columbus homes for sale. According to NeighborhoodScout, since 2000, Columbus property values have increased by 45.06%, which equates to an average annual appreciation rate of 1.95%. Meanwhile, Zillow reported a 9.2% increase in the median property value in the Columbus real estate market over the past year. This housing market trend is expected to continue, which makes Columbus a hot seller’s market with vast opportunities for long-term return on investment.

Nevertheless, Columbus investment properties remain affordable at the moment. This makes the local housing market one of the best cities to invest in real estate.

Columbus, OH Top Multi Family Homes
$73,000
MLS 218040821
694-96 S Everett Avenue
Columbus, OH 43213
Eastmoor
Multi Family
0 beds0 baths1,792 sq.ft.
CAP RATE
Trad. 7.22%Airbnb N/A
$64,900
MLS 219024151
397 S Ogden Avenue
Columbus, OH 43204
South Central Hilltop
Multi Family
0 beds0 baths1,364 sq.ft.
CAP RATE
Trad. 6.71%Airbnb N/A
$59,000
MLS 219025889
1862-1864 S 5th Street
Columbus, OH 43207
Reeb-Hosack
Multi Family
0 beds0 baths2,136 sq.ft.
CAP RATE
Trad. 6.56%Airbnb N/A
$59,900
MLS 219022069
197 Lechner Avenue #99
Columbus, OH 43223
Central Hilltop
Multi Family
0 beds0 baths2,196 sq.ft.
CAP RATE
Trad. 5.64%Airbnb N/A
Homes Below Median Price in the Columbus, OH Real Estate Market
$219,800
MLS 219023174
1829 Rhoda Avenue
Columbus, OH 43212
West Campus
Single Family Residential
4 beds1 baths1,101 sq.ft.
CAP RATE
Trad. 0.30%Airbnb 8.00%
$154,900
MLS 219020254
1308 Fair Avenue
Columbus, OH 43205
Near East
Single Family Residential
3 beds2 baths1,988 sq.ft.
CAP RATE
Trad. 0.04%Airbnb 7.97%
$194,793
MLS
1214 Madison Ave
Columbus, OH 43205
Near East
Single Family Residential
4 beds1 baths2,163 sq.ft.
CAP RATE
Trad. 0.09%Airbnb 7.90%
$67,990
MLS 219018874
635 N Dawson Avenue
Columbus, OH 43219
East Columbus
Single Family Residential
2 beds1 baths762 sq.ft.
CAP RATE
Trad. 5.61%Airbnb 7.79%
Columbus Airbnb Growth and Regulations

The vacation rental industry in Columbus has thrived in recent years. Columbus was the hottest Midwest Airbnb market in 2018, with more than 107,000 guests staying at Airbnb Columbus rentals, bringing in a total of $11.7 million for the local hosts. 

The good news for Airbnb Columbus investors is that short-term rentals are fully legal throughout the city. Nevertheless, they are regulated. Among the Airbnb regulations in the city, short-term rental hosts are required to obtain a permit in order to operate. Hosts are required to apply in person at the city’s Department of Public Safety License Section. They must submit a signed and notarized Short-Term Rental Application and pay a fee of $20. In the case a person rents out their primary residence to guests, the permit cost is $75 per calendar year. The permit cost for any non-primary residence is $150 each per calendar year.  

As part of the application, Airbnb hosts must also provide the city with proof of identity, general liability insurance, a copy of the lease agreement for the short-term rental, and confirmation of compliance with all state and federal regulations.

Columbus, OH Top Airbnb Homes
$73 per night
Entire home/apt · 2 beds
Clintonville Home
375
$100 per night
Entire home/apt · 1 bed
Short North Carriage House
352
$66 per night
$137 per night
Columbus, OH Homes for Rent
$1,795
MLS 219027211
1638 Greenway Avenue #40
Columbus, OH
Woodland Park
Apartment
4 beds2 baths3,072 sq.ft.
$1,795
MLS 219027213
$2,795
MLS 219026890
67 Marrus Drive
Columbus, OH
Wexmoor
Single Family
3 beds3 baths2,674 sq.ft.
$1,550
MLS 219026784
2565 Charing Road #5
Columbus, OH
Scioto Trace
Apartment
3 beds2 baths1,452 sq.ft.
Columbus, OH Open Houses
Open 3 PM to 5 PM
$304,500
MLS 219026734
1015 Montrose Avenue
Columbus, OH 43209
Berwick
Single Family Residential
3 beds2 baths1,554 sq.ft.
CAP RATE
Trad. 1.61%Airbnb 2.03%
Open 1 PM to 3 PM
$275,000
MLS 219026809
997 S Roosevelt Avenue
Columbus, OH 43209
Berwick
Single Family Residential
3 beds2 baths1,594 sq.ft.
CAP RATE
Trad. 1.70%Airbnb 2.17%
Open 1 AM to 4 PM
$557,750
MLS 219026836
1551 Trentwood Road
Columbus, OH 43221
Cranbrook
Single Family Residential
4 beds4 baths2,528 sq.ft.
CAP RATE
Trad. -0.55%Airbnb 1.23%
Open 12 PM to 2 PM
$525,000
MLS 219026522
494 E Whittier Street
Columbus, OH 43206
Schumacher Place
Single Family Residential
3 beds3 baths2,365 sq.ft.
CAP RATE
Trad. -0.34%Airbnb 1.67%
Best Columbus Neighborhoods for Buying Investment Property
68%
Mashmeter
property price
$460,000
Median
cap rate
5.04%
Traditional
6.17%
Airbnb
rental income
$1,932
Traditional
$2,366
Airbnb
homes for sale
13
occupancy rate
58%
Airbnb
69%
Mashmeter
property price
$365,000
Median
cap rate
5.73%
Traditional
7.90%
Airbnb
rental income
$1,743
Traditional
$2,403
Airbnb
homes for sale
5
occupancy rate
56%
Airbnb
68%
Mashmeter
property price
$469,900
Median
cap rate
4.01%
Traditional
5.99%
Airbnb
rental income
$1,571
Traditional
$2,347
Airbnb
homes for sale
7
occupancy rate
59%
Airbnb
68%
Mashmeter
property price
$432,500
Median
cap rate
5.15%
Traditional
6.61%
Airbnb
rental income
$1,855
Traditional
$2,382
Airbnb
homes for sale
16
occupancy rate
59%
Airbnb
68%
Mashmeter
property price
$409,900
Median
cap rate
4.34%
Traditional
6.76%
Airbnb
rental income
$1,482
Traditional
$2,308
Airbnb
homes for sale
6
occupancy rate
59%
Airbnb
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