According to Columbus Business First, new college graduates can make their best start in Ohio! A study by financial website SmartAsset reviewed economic and demographic data for 108 large cities around the U.S., comparing job opportunities, housing affordability and recreation. Cincinnati and Columbus took top honors in the rankings, with Columbus placing number 2 out of 108!
Columbus earned its position due to a robust job market and a comparatively low cost of living. The cost of living in Columbus is about 2% below the national average, ranking as the 12th least-expensive metro among the 108 cities studied.
Demographically, Columbus has a youthful population, with about 20% of adult residents being younger than 30 years old. Columbus also scored well when it came to quality of life, due to its diverse range of recreational and cultural opportunities.
Meanwhile, the Columbus real estate market still offers a good housing value, despite upticks in home prices overall. According to CoreLogic, Columbus median home prices are generally within reach of median household incomes. When all market conditions are considered, including homes with negative equity, and the time it takes to sell a home, the Columbus real estate market ranked number 31 out of CoreLogic’s 100 “Healthy Markets.”
A Realtor.com “Hotness Index Survey” for May 2017 shows Columbus real estate ranked at number 7 nationally, with a 36-day median age of homes in inventory.
As always, please keep in mind that the Columbus real estate market is highly localized and ever-changing! Apartment rents and home prices vary widely by community, neighborhood and street! When you are ready to find your new Columbus home, give yourself the advantage of an Exclusive Buyer Broker!
As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest.
Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!
Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!
Andrew Show
Broker, CEBA, CEBA-M, CNE, CSP, ABR-M, e-PRO, GREEN
Buyer’s Resource Realty Services
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax
