Rent Real EstateColumbus, Ohio: Still Affordable
Realtor Theresa Barron says, "Columbus Ohio is the capitol city. It is home to Ohio State and probably best known for the Ohio State Buckeyes Football Team. In Columbus, you will find notable events like the Memorial Golf Tournament at Muirfield every May. If you are a hockey fan, you can experience the excitement of a Blue Jacket"s Professional Hockey Game. If you are into the arts, you can find much pleasure and comfort at the yearly Arts Festival and Jazz and Rib Festival. Columbus is known nationally for its awesome Red, White and Boom Fireworks display every July 4th."
She adds, "The real estate market is quite stable and appreciating. Homes are generally very affordable and offer much for the average home buyer. Central Ohio is divided into several distinct areas. Generally speaking, North East and North West consist mainly of Upper Arlington, Dublin, Worthington, Westerville and New Albany. Each of these areas are considered North in general and offer moderate to upper-end housing. East and Southeast consists of Blacklick, Pataskala, Reynoldsburg, Pickerington and Canal Winchester. Our West quadrant consists of Hilliard, Orient and Grove City."
"You will find most home prices range anywhere between $100K to $400K. In Columbus proper it is still possible to purchase a home for under $70,000.00 or less than $500.00 per month. Columbus is now experiencing a return to the older and more historic neighborhoods. Many locals and visitors are amazed at the value and affordability in the near downtown areas. Certain subdivisions are rapidly appreciating, as they convert from being largely renter-occupied to owner-occupied."
Realtor Kevin Coffey says, "Columbus continues to rapidly out pace the other large metro areas in the state. Some local large employers include Ohio State University, Honda, Chase Manhatten and many others."
He adds, "When searching only homes with a "Columbus" mailing address, last month"s home sales were down from over one year ago. The 797 residential home sales were 4.6 percent percent lower than the 835 homes sold in September of 2004 according to the Columbus Board of REALTORS Multiple Listing Service. The "List to Sale" ratio for last month was 98.1 percent. The average depreciation was 4.8 percent. The average days on market has held steady at approx. 73 days. Based on the number of sales last month, there is currently just over a 6 month supply of homes available which normally represents a buyer"s market."
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