There are currently 220,705 real estate properties in Columbus, OH, with a median automated valuation model (AVM) price of $251,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Columbus, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Columbus, OH, is $317,297.00, with the most expensive house in Columbus, OH, topping out at $42,574,600.00 and the cheapest home in Columbus, OH, clocking in at $15,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Columbus, OH!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Columbus, OH, is on a rollercoaster ride. The average rent price in Columbus, OH, is $1,342.00. Indeed, when looking to rent in Columbus, OH, you can expect to pay as little as $430.00 or as much as $3,860.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Columbus, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Columbus, OH area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Columbus, OH and much more. Save thousands at closing with home foreclosure listings in Columbus, OH — up to 75% off market value!
Columbus is located in Franklin, Ohio, with an estimated municipal population of 898,553 residents. All of the best foreclosed homes for sale in Columbus are located in the following zip code areas on Foreclosure.com: 43026 43109 43054 43220 43221 43222 43223 43224 43081 43228 43227 43211 43213 43212 43215 43214 43217 43219 43002 43004 43068 43085 43240 43229 43235 43232 43231 43230 43119 43110 43017 43016 43137 43210 43202 43203 43201 43206 43207 43204 43205 43209 43218 43236 43251 43260 43266 43268 43270 43271 43272 43279 43287 43291. The estimated population per square kilometer (.62 miles) in Columbus is 1,582.
So, about how much do homes cost in Columbus? The most recent median value of resident-owned homes in Columbus is 150,342. An estimated 44.7 percent of households in Columbus own their homes, with an average family size of 3.16. The median household income in Columbus is 53,745, with20.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Columbus, the median commute time of resident workers (in minutes) is 22. And last, but certainly not least, are you looking for homes to rent in Columbus? If so, the average rent price paid by renters in Columbus is 961, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Columbus, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Columbus is 32.2, split between 48.9 percent male versus 51.1 female. The percentage of residents who report being married in Columbus is 36.3, with an average family size of 3.16.
The percentage of residents who report their race in Columbus is as follows:
|Black / African American||29%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Columbus? Or maybe you are searching for 55+ active adult communities in and/or near Columbus?
The percentage of residents who report their age in Columbus is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Columbus with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Columbus.
How do you know that living in -- or moving to -- Columbus is right where you need to be? Perhaps you grew up in Columbus or already live nearby; therefore, the decision to buy a home in Columbus is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Columbus for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Columbus:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Columbus.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Columbus can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Columbus, meanwhile, can field multiple offers from more qualified buyers.
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