Central Ohio’s Housing Market Is Booming: What You Need to Know
Columbus, OH, is quickly becoming one of the fastest-growing cities in the Central U.S. More and more people are moving to the Midwest, seeking affordable housing, a high quality of life, and job opportunities, especially in bustling cities like Columbus. The growing demand has sparked significant growth in the real estate market, making now an exciting time for both buyers and sellers.
Why Are People Moving to Central Ohio?
In recent years, Central Ohio has seen an influx of new residents from other parts of the U.S. This includes both young professionals drawn to the area’s expanding job market and families searching for more affordable housing compared to other major cities like New York, Los Angeles, and Chicago.
One of the key drivers for this migration is affordable housing. Cities like Columbus offer a much lower cost of living while still providing access to great schools, entertainment, and career opportunities. These factors make Central Ohio an appealing option for both newcomers and long-time residents.
Rising Home Prices and Demand
Central Ohio's real estate market has seen a notable surge in home prices. In Columbus, for example, home prices have risen by 26% from 2019 to 2024, with the median home price now reaching $360,000. While still below the national average, the market has been picking up pace as more people flock to the area.
Other cities in the Central U.S., such as Austin, TX, and Nashville, TN, have experienced even higher increases in home prices, with Austin seeing a 42% jump and Nashville seeing a 47% rise. However, Columbus stands out for its potential for continued growth, with significant investments, such as Intel's $28 billion semiconductor manufacturing plants, fueling the local economy.
Why Now is the Time to Buy or Sell in Central Ohio
With limited inventory and rising prices, sellers are seeing strong demand for their homes. If you’ve been considering selling your home, this is a great opportunity to list your property and take advantage of favorable market conditions. Buyers should also be prepared for competition, as homes in desirable areas are selling quickly.
If you're thinking about investing in real estate, the growing demand for rental properties in cities like Columbus presents a great opportunity. As home prices rise, more people may choose to rent, making areas like Downtown Columbus, Grandview, and Clintonville great spots for investment properties.
What This Means for You
For Sellers: Home prices are rising, and inventory remains tight. Now is an excellent time to list your home, especially if it’s in a desirable neighborhood. Homes that are well-maintained and move-in ready are in high demand and selling quickly.
For Buyers: While prices are increasing, Central Ohio is still an affordable option compared to coastal cities. If you’re ready to buy, be sure to act quickly and get pre-approved, as the competition is fierce in this seller’s market.
For Investors: The rental market is thriving, with many new residents choosing to rent while prices continue to rise. If you’re looking to invest in rental properties, now is the time to explore the Central Ohio market, where demand for rentals is strong, especially in popular neighborhoods.
The real estate market in Central Ohio is booming.
Whether you’re buying, selling, or investing, there are plenty of opportunities in this growing market.
With rising demand, a strong economy, and affordable living, Central Ohio continues to be one of the most attractive places to live in the U.S.
Farberov, Snejana. “Americans Are Migrating to the Heartland States and Driving Up Home Prices.” Realtor.com, 19 Apr. 2025, https://www.realtor.com/news/trends/united-states-migration-home-prices-rise/.Realtor
