Columbus Housing market
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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. 

Columbus Realtors and Real Estate Agents

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Columbus  Real Estate Investment Performance
Facts and Market Trends in Columbus
Homes For Sale
1,185
Airbnb Properties
517
Rental Properties
3,085
Traditional Vacancy rate
5.40%
Airbnb Occupancy Rate
57.13%
Mashmeter
54.77%
Median Price
$235,959
Median Rent Price
$1,268
Price/sqft
$138
Median Days on Market
55
Price to Rent Ratio
16.3
Average Cap Rate
Airbnb
5.64%
Traditional
1.58%
Average Rental Income
Airbnb
$2,306
Traditional
$1,203
 
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$1,612$1,683$1,958$2,135$2,764
Traditional$671$828$977$1,280$1,553
Columbus, OH - Homes for Sale - Newly Listed
Investment Properties for Sale
$225,000
MLS 219034970
1129 Sells Avenue #A
Columbus, OH 43212
Tri-Village
Condo/Coop
2 beds1 baths986 sq.ft.
CAP RATE
Trad. 0.84%Airbnb 5.27%
Investment Properties for Sale
$1,799,000
MLS 219034973
250 W Spring Street #1121
Columbus, OH 43215
Downtown
Condo/Coop
2 beds3 baths3,398 sq.ft.
CAP RATE
Trad. -1.31%Airbnb -0.92%
Investment Properties for Sale
$350,000
MLS 219034947
931 Linwood Avenue
Columbus, OH 43206
Southern Orchards
Single Family Residential
4 beds3 baths2,467 sq.ft.
CAP RATE
Trad. 1.41%Airbnb 7.56%
Investment Properties for Sale
$185,000
MLS 219034821
1069 Miller Avenue
Columbus, OH 43206
Near Southside
Single Family Residential
3 beds2 baths1,440 sq.ft.
CAP RATE
Trad. 2.60%Airbnb 5.22%
Top Performing Columbus Properties
Investment Properties for Sale
$84,000
MLS 219028413
1500 Picard Road
Columbus, OH 43227
Linwood
Single Family Residential
2 beds2 baths1,396 sq.ft.
CAP RATE
Trad. 0.03%Airbnb 7.97%
Investment Properties for Sale
$150,000
MLS 219013738
825 E 5th Avenue
Columbus, OH 43201
Milo-Grogan
Single Family Residential
3 beds2 baths1,401 sq.ft.
CAP RATE
Trad. 4.97%Airbnb 7.96%
Investment Properties for Sale
$324,900
MLS 219033457
542 Blenheim Road
Columbus, OH 43214
Central Clintonville
Single Family Residential
4 beds2 baths1,988 sq.ft.
CAP RATE
Trad. 0.37%Airbnb 7.95%
Investment Properties for Sale
$145,900
MLS 219033554
920 Miller Avenue
Columbus, OH 43206
Near Southside
Single Family Residential
3 beds1 baths978 sq.ft.
CAP RATE
Trad. 3.04%Airbnb 7.87%
Recently Sold Homes in Columbus, OH
Investment Properties for Sale
$460,000
MLS 219021719
769-771 Summit Street
Columbus, OH 43215
Italian Village
Multi Family
0 beds0 baths2,438 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$85,657
MLS
67 KAIL AVE
Columbus, OH 43207
Industrial Site
Single Family Residential
3 beds1 baths1,440 sq.ft.
CAP RATE
Trad. 2.66%Airbnb 13.88%
Investment Properties for Sale
$75,282
MLS
1344 ELLSWORTH AVE
Columbus, OH 43206
Deshler Park
Single Family Residential
3 beds1 baths1,080 sq.ft.
CAP RATE
Trad. 1.20%Airbnb 18.64%
Investment Properties for Sale
$99,529
MLS
1486 S JAMES RD
Columbus, OH 43227
Linwood
Single Family Residential
3 beds1 baths1,388 sq.ft.
CAP RATE
Trad. 1.27%Airbnb 11.54%
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
Investment Properties for Sale
$65,900
MLS 219032889
1867-1869 Cleveland
Columbus, OH 43211
South Linden
Multi Family
0 beds0 baths2,775 sq.ft.
CAP RATE
Trad. 7.98%Airbnb N/A
Investment Properties for Sale
$72,000
MLS 219028563
967 S Waverly Street
Columbus, OH 43227
Eastmoor
Multi Family
0 beds0 baths1,704 sq.ft.
CAP RATE
Trad. 7.55%Airbnb N/A
Investment Properties for Sale
$75,000
MLS 219027105
91-93 N Central Avenue
Columbus, OH 43222
North Franklinton
Multi Family
0 beds0 baths2,361 sq.ft.
CAP RATE
Trad. 6.72%Airbnb N/A
Investment Properties for Sale
$70,000
MLS 219032027
599 Whitethorne Avenue
Columbus, OH 43223
Central Hilltop
Multi Family
0 beds0 baths1,627 sq.ft.
CAP RATE
Trad. 6.67%Airbnb N/A
Homes Below Median Price in the Columbus, OH Real Estate Market
Investment Properties for Sale
$84,000
MLS 219028413
1500 Picard Road
Columbus, OH 43227
Linwood
Single Family Residential
2 beds2 baths1,396 sq.ft.
CAP RATE
Trad. 0.03%Airbnb 7.97%
Investment Properties for Sale
$150,000
MLS 219013738
825 E 5th Avenue
Columbus, OH 43201
Milo-Grogan
Single Family Residential
3 beds2 baths1,401 sq.ft.
CAP RATE
Trad. 4.97%Airbnb 7.96%
Investment Properties for Sale
$324,900
MLS 219033457
542 Blenheim Road
Columbus, OH 43214
Central Clintonville
Single Family Residential
4 beds2 baths1,988 sq.ft.
CAP RATE
Trad. 0.37%Airbnb 7.95%
Investment Properties for Sale
$145,900
MLS 219033554
920 Miller Avenue
Columbus, OH 43206
Near Southside
Single Family Residential
3 beds1 baths978 sq.ft.
CAP RATE
Trad. 3.04%Airbnb 7.87%
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
Columbus Airbnb
$98 per night
Entire home/apt · 1 bed
Short North Carriage House
383
Columbus Airbnb
$66 per night
Columbus Airbnb
$71 per night
Columbus Airbnb
$124 per night
Entire home/apt · 3 beds
Short North - Italianate Cottage
304
Columbus, OH Homes for Rent
Investment Properties for Sale
$1,150
MLS 219034854
Investment Properties for Sale
$2,000
MLS 219034902
201 W 2nd Avenue
Columbus, OH
Victorian Village
Apartment
2 beds2 baths932 sq.ft.
Investment Properties for Sale
$1,525
MLS 219033620
1472 Cottingham Court W
Columbus, OH
Berwick
Single Family
3 beds2 baths1,344 sq.ft.
Investment Properties for Sale
$825
MLS 219034562
1469 Burlington Avenue
Columbus, OH
Beechwood
Single Family
3 beds1 baths840 sq.ft.
Columbus, OH Open Houses
Investment Properties for Sale
Open 2 PM to 4 PM
$185,000
MLS 219034821
1069 Miller Avenue
Columbus, OH 43206
Near Southside
Single Family Residential
3 beds2 baths1,440 sq.ft.
CAP RATE
Trad. 2.60%Airbnb 5.22%
Investment Properties for Sale
Open 1 PM to 3 PM
$339,900
MLS 219034919
130 E Gates Street
Columbus, OH 43206
Merion Village
Single Family Residential
3 beds2 baths1,528 sq.ft.
CAP RATE
Trad. -0.25%Airbnb 1.11%
Investment Properties for Sale
Open 1 PM to 3 PM
$299,000
MLS 219034867
2564 Glen Echo Drive
Columbus, OH 43202
Glen Echo
Single Family Residential
3 beds2 baths1,417 sq.ft.
CAP RATE
Trad. -0.67%Airbnb 0.99%
Investment Properties for Sale
Open 1 PM to 4 PM
$515,000
MLS 219034753
1223 Oak Street
Columbus, OH 43205
Near East
Single Family Residential
4 beds3 baths2,586 sq.ft.
CAP RATE
Trad. -0.12%Airbnb 4.20%
Best Columbus Neighborhoods for Buying Investment Property
61%
Mashmeter
property price
$169,000
Median
cap rate
7.16%
Traditional
17.13%
Airbnb
rental income
$1,008
Traditional
$2,413
Airbnb
homes for sale
3
occupancy rate
56%
Airbnb
68%
Mashmeter
property price
$461,010
Median
cap rate
4.85%
Traditional
7.66%
Airbnb
rental income
$1,862
Traditional
$2,943
Airbnb
homes for sale
19
occupancy rate
61%
Airbnb
70%
Mashmeter
property price
$399,000
Median
cap rate
4.45%
Traditional
7.48%
Airbnb
rental income
$1,479
Traditional
$2,488
Airbnb
homes for sale
14
occupancy rate
59%
Airbnb
67%
Mashmeter
property price
$429,900
Median
cap rate
4.44%
Traditional
6.05%
Airbnb
rental income
$1,589
Traditional
$2,169
Airbnb
homes for sale
8
occupancy rate
62%
Airbnb
88%
Mashmeter
property price
$435,000
Median
cap rate
4.08%
Traditional
7.10%
Airbnb
rental income
$1,478
Traditional
$2,574
Airbnb
homes for sale
15
occupancy rate
61%
Airbnb
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