Columbus Investment Property for Sale - 2024 Rental Home Appreciation

State: Ohio


Columbus, Ohio, is located in the midwest part of the United States. This young, hip, innovative city is 2 hours away from Cincinnati, and it's an up-and-coming area where visitors and homeowners can stretch their dollars. The real estate market is thriving, the cost of living is lower than the national average, and the Columbus area has attractions and experiences for every personality.

Columbus, Ohio, anchors central Ohio. While the low price per square foot may attract people to Columbus homes, they stay in the city because of the diverse job market, entertainment options, and small-town feel.

Columbus's Attractive Housing Market

Columbus has a sizzling housing market. Real estate agents are lining up to show homebuyers beautiful single-family homes and renters affordable multi-family homes. These houses are set at prices that make buyers happy and give real estate investors an opportunity for steady cash flow.

Although home prices have increased across the country, Columbus, Ohio, and the surrounding areas have outstanding investment opportunities, with many properties available for investment. These are just a few of the fantastic areas near Columbus.

  • Grove City- The place for shopping. You're sure to find some hidden gems among the antiques and vintage shops. The number of outdoor activities and year-round events here will please any resident or visitor!
  • Zanesville- 30 minutes outside Columbus, Zanesville residents are often in manufacturing, construction, wholesale trade, and transportation, with the unemployment rate sitting below the national norm.
  • Grandview- One of the first suburbs of Columbus, located in Franklin County, Grandview is home to world-class restaurants and award-winning taprooms. This suburb is a low-key town with big city vibes.
  • Franklinton- Just west of downtown Columbus you'll find a historic community with unique attractions like the COSI, Glass Axis, etc. The cost of living is also lower than the average in Columbus.

Other cities near Columbus worth mentioning:

  • Worthington- This area is perfect for those who love a small-town lifestyle. Residents enjoy farmer's markets and different hometown activities such as the Worthington Pizza competition and the Parks and Rec Halloween Party. This area is a family-oriented community and has an excellent school system.
  • German Village- South of downtown Columbus, German Village is a historic neighborhood, a mixture of modern and old times. This neighborhood is perfectly walkable and full of restaurants and breweries (German and otherwise).
  • Marion- Comfort food and small local shops are what this town is known for. Fried strawberry shortcakes, southern decor, and more are available within the town limits.

Rental Home Appreciation in Columbus

Columbus real estate holds excellent value as realtors watch the demand for houses and home prices increase. There are many reasons for this.

  • The culture in Columbus is unmatched. Notes, Little Rock, and Brothers Drake Meadery are a few local clubs where you may catch a local performer before they become big! You can even check out The Ohio Theater, open since 1928.
  • Foreclosures in Ohio are among the highest in the country. Although not always good news, this allows for an excellent real estate investment opportunity for flippers who want to get their hands dirty.
  • Columbus is all about family life. Although a large city, its school districts are excellent. And there are plenty of parks, family attractions, and art throughout downtown Columbus and surrounding areas.

Economic Growth in Columbus

Forbes has named Columbus, Ohio, one of the top 10 rising cities for start-ups because of its ability to draw investors and keep college graduates in the area.

Columbus's growing industries are automotive, data centers, food and beverage, healthcare, and manufacturing. The top employers in the Columbus area are Ohio State University, JP Morgan Chase & Co., and Nationwide.

Columbus has a lower cost of living, allowing people to live and experience the attractions, food, and fun without breaking the bank.

If you are looking for a rental property in the Buckeye state, remember that you have no property management responsibilities with Arrived. Plus, investing in real estate offers you the potential for a steady cash flow, even as a first-time real estate investor with no experience.

Columbus, Ohio, has a lot to offer renters, lenders, homeowners, and real estate investors. If you are interested in learning more about how Arrived can help first-time or veteran real estate investors, we have all the information you need here.

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