ADVERTISEMENT

    Columbus Ranked 10th Best Market to Own Rental Property in the US

    If you’re interested in becoming a landlord, then Columbus is one of the top places in the country to get started. A new report from All Property Management (the largest online network of property management companies in the US) revealed that Columbus is the top market for rental property owners in the Midwest region, and tenth best overall in the country.

    ADVERTISEMENT

    “This report gave Columbus this ranking primarily due to its stellar 9.9 percent year-over-year rental price appreciation, which was almost twice the national average for that metric during that period,” stated Andy Fulton, Inbound Marketing Manager at All Property Management. “Columbus also boasts a low vacancy rate and median age of housing inventory. Taken together, these statistics indicate that demand for Columbus rental housing is quite strong and will likely only continue to increase in coming quarters.”

    chart

    Columbus, like many US cities, has experienced an apartment-building boom in recent years, adding thousands of additional rental units to the market to meet increased demand. Even with the rapid building that has taken place, average rental rates have continued to rise by a total of 25% in the past four years. Property owners and developers have had little trouble finding tenants to fill the new units either, with the Downtown area alone being able to maintain a 95% occupancy rate. The report from All Property Management says that the trend shows little sign of slowing:

    “The demand for Columbus housing will likely continue to increase; building permits have only been issued for several thousand housing units in Columbus so far in 2015, not nearly enough to keep up with the metro’s population growth. This can only lead to higher demand for existing rental units and, in turn, higher rents.”

    To read the full report, CLICK HERE.

    Looking for apartments to rent in Columbus? CLICK HERE to view listings on our Urban Living site.

    For ongoing discussion on apartment affordability in Columbus, CLICK HERE to visit our Messageboard.

    ADVERTISEMENT

    Subscribe

    More to Explore:

    CCAD Wants to Uncover Historic Building, Fill in Parking Lot

    The Columbus College of Art & Design has submitted...

    Intel Gets More Federal Funding for Ohio Production Plants

    Nearly $20 billion in federal grants and loans is on its way to Intel to support work on semiconductor fabs in Ohio and around the country. The funding is part of the CHIPS Act, signed into law by President Joe Biden in 2022. Ohio’s New Albany-area Intel facility currently under construction stands to benefit substantially.

    Updated: Madison County Solar Farm Would Be One of the Largest in U.S.

    UPDATE (3/21/24): The Ohio Power Siting Board voted seven...

    The Confluence Cast: Downtown with Michael Brown

    We're exploring the evolution of downtown with Michael Brown, who has been a cornerstone in the city's development planning and worked both in and outside city government to cheer on its growth. Columbus Underground editor Walker Evans and Mike delve into the city's challenges and triumphs, the synergy between projects, the balance between iconic and neighborhood-level public art investments, and the concerted efforts to address systemic issues like homelessness and affordable housing. Through anecdotes and insights, they highlight Columbus's young, creative energy and the dynamic urban policies that continue to drive its growth.
    Walker Evans
    Walker Evanshttps://columbusunderground.com
    Walker Evans is the co-founder of Columbus Underground, along with his wife and business partner Anne Evans. Walker has turned local media into a full time career over the past decade and serves on multiple boards and committees throughout the community.
    ADVERTISEMENT