Columbus among Top Destinations Nationwide for Renters - Columbus Ohio Real Estate | Buyer's Resource Realty Services

Columbus among Top Destinations Nationwide for Renters

Columbus renters and home buyersColumbus is affordable and full of opportunity, and the word is getting around! A new study by StorageCafe© names Columbus among the top 20 cities for relocating renters. Columbus placed 16th out of 100 U.S. metros, beating out bigger cities like Atlanta and Boston.

The study looked at 1.7 million relocating renter applications processed in 2020, and found that millennial generation renters were heading for major cities. This seems contrary to the pandemic trends in home buying, where the suburbs have been red-hot. Relocating renters chose their city destinations based on better-paying jobs, square footage for the money, convenience and lifestyle.

Columbus is also the #1 city for attracting renters from the suburbs. There’s just one catch: about three-quarters of new Columbus residents came from elsewhere in Ohio! Urban dwellers from New York City were the next largest cohort to move to Columbus.

In-state migration from the suburbs to city living is a factor in many of the top renter destinations such as San Diego, Denver, Phoenix, Houston, Dallas and Charlotte.

Columbus offers a cost of living that is 6% less than the national average, while having an unemployment rate that is among the lowest in the nation. Rent costs in Columbus are far less than those of other large cities. This enabled renters who were seeking elbow room to choose Columbus – about 45% of new Columbus residents cited their relocation being driven by the desire for more space.

The Columbus Metro remains an affordable market for homebuyers and renters alike! When you are ready to make the change from renting to home ownership, we will be here to help you.

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 at all times.

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
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
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

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