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Columbus Ranked 10th Best City for Homeownership

Walker Evans Walker Evans Columbus Ranked 10th Best City for Homeownership
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A new ranking from NerdWallet.com (an online personal financial resource) has listed Columbus as its 10th best large city for homeownership in 2013. The methodology of the ranking examines the availability and affordability of homes as well as the growth rates of these cities.

Here’s what they had to say about Columbus:

Columbus is a great place to settle down and buy a home, with its low unemployment rate and low cost of living. This college town (home to the Ohio State University) has a laid-back Midwestern vibe, and the city has world-renowned hospitals (including The OSU Wexner Medical Center) and research centers as well as an up-and-coming dining scene.

Over the past 18 months, there has been a boom in the urban apartment market with thousands of new units under construction and industry experts predict that new rental development will not be slowing down anytime soon. Of course, that could eventually lead to a renewed interest in home ownership as apartments continue to grow more and more expensive.

The rest of the NerdWallet list was dominated by Texas with four cities ranked (Fort Worth, San Antonio, El Paso and Austin) and the only other midwestern city listed was Indianapolis.

CLICK HERE to read the full list of cities and accompanying article at NerdWallet.com.

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3 Responses to Columbus Ranked 10th Best City for Homeownership

  1. leftovers February 9, 2013 9:14 am at 9:14 am

    It is interesting that you bring up the rental market. Low cost of living and inexpensive rent in walkable areas kept us from leaving Columbus when my wife graduated from OSU. She did not have a job at the time and was considering an offer in Austin which was closer to her family as I also have options there. We were definitely not looking to buy. I wonder if the rental climate was the same then as it is now if we would have stayed in Columbus.

  2. Scott Teresi
    Scott Teresi February 10, 2013 10:59 am at 10:59 am

    That’s a great picture! What part of the city is it?

  3. Walker Evans
    Walker February 10, 2013 11:02 am at 11:02 am

    Thanks Scott! I took the photo from the top of one of the parking garages at the OSU Medical Center facing south toward Downtown. So the homes in the foreground are in “The Circles” with Victorian Village behind them.

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