Columbus, OH Homes For Sale & Real Estate

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Columbus, OH Real Estate Insights

Metros of the Midwest don't always receive the accolades they deserve. Columbus, which has over 750,000 residents, saw a 20.9 percent increase in list price on homes for sale year-over-year. However, homes for sale are still accessible and affordable for most. The average list price in 2015 was $133,026, up from $110,027 in 2014. Real estate inventory in Columbus is slightly declining year-over-year, with a 16.75 percent drop from 2,072 listings in 2014 to 1,725 listings in 2015. If looking to buy a home in Columbus, less listings typically create a more competitive and higher priced market. But, home prices aren't out of range, especially when considering the median income for Columbus residents The median income for Columbus residents is $38,215 per year, which falls short of the national average of $50,549 annually. Keep in mind, though, the cost of living in Columbus is likely lower as outlined with less expensive list prices. List prices in the U.S., on average, are $336,717. Columbus is a more accessible city than most, with 23.3 percent of residents having a commute of 30 minutes or less, so living in the city with a car is feasible.