Columbus Home Affordability Supports Continued Growth - Columbus Ohio Real Estate | Buyer's Resource Realty Services

Columbus Home Affordability Supports Continued Growth

Columbus homeIf you’re unfamiliar with Columbus, you might ask why it’s called “affordable” when it’s the highest-priced real estate market in Ohio! A recent article in Columbus Business First, along with info from ApartmentGuide.com and the Columbus Dispatch, offer insights on this point.

The average rent for a one-bedroom apartment in Columbus reached $1,182.00 during 2021, an increase of 13% on a year-over-year basis. Yet the national average for rent on a one-bedroom apartment is $1,598.00.

Meanwhile, the median sales price of a home in the Columbus Metro as of September 2021 was $286,300. The national median home price during this period was much higher at $363,700.

When it comes to the cost of living, Columbus is about 10% cheaper than the national average. The prices of goods and services are about 5% to 10% cheaper than the national average. When you tack these savings on top of the cheaper housing offered in Columbus, our market looks pretty darn good to home buyers from Massachusetts, California, New York or Colorado!

The affordability of the Columbus Metro also attracts major employers, who have helped give Columbus recognition as a “tech hub” of the Midwest. Our business-friendly communities and educated workforce attracts new business, and in turn, new residents. This positive cycle will expand economic opportunities and population growth in Central Ohio!

Thinking of moving to the Columbus area? Let us be your guide! 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 www.BuyersHome.com
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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