The Best Real Estate Markets in Ohio

Ohio has been consistently ranked as one of the best states to live in the country. Situated in the Heartland of the nation, the Buckeye State offers residents ample economic opportunity, stunning natural beauty, a low cost of living, and much more.

Whether you’re looking at Cincinnati houses for sale or Columbus apartments for rent, there’s a lot to admire about Ohio’s real estate market.

Here are some of the best places to look at for buying, selling, and renting.

Columbus

The state’s capital is the most populated city in the state, one that has grown by 25 percent in the past two decades.

Property prices here have grown 17 percent in the past year alone. A home will average $220,000, while rent will cost you around $1,000 a month.

The city is home to Ohio State University, which has more than 60,000 students who just may be looking for rental housing during their tenure there.

Cleveland

Cleveland’s homes are great for investors. The average value is $56,000, with the selling price hitting a median of $60,000.

The cost of living here is incredibly affordable, making it appealing to potential residents.

Madison

This quiet area is perfect for families looking to settle down. Home values here are expected to grow four percent in the coming year.

There are plenty of year-round activities here of both the indoor and outdoor varieties, and the crime rate is low. Education ranks high and there is a low poverty rate in the area.

Hillard

This is another “all-American” suburb, one that balances slow town living with fast city life. It’s just a several minutes drive from Columbus.

The area has grown 50 percent in the past two decades, and the average property value sits at $319,000.

Grove City

This city sits just southwest of Columbus, an area with many rivers, streams, and creeks crossing over it, making it ideal for fishing enthusiasts. There are also many parks, a golf course, and winery within city limits.

It feels like an ideal place for retirees, especially thanks to the affordable cost of living. Rent averages $1,000 a month.

Baltimore

This is the ideal location for those looking at the multi-family housing market.

The median home value rose $100,000 in the past 10 years and is predicted to rise another seven percent over the next year.

Interestingly, this is a place to keep track of foreclosures. The foreclosure rate here is more than three times the national average and the number of delinquent mortgages is more than twice the national rate.

This makes Baltimore a great market for investors, though it doesn’t sound like the best place for current homeowners.

Dublin

Dublin has been ranked 12^th best small city to live in in the nation according to WalletHub. This community of 50,000 enjoys several public parks and ample opportunity in the medical field thanks to Cardinal Health and Ohio Health, the biggest employers of the area.

Over the past 20 years the population has nearly doubled, a highly educated an affluent one.

The average home price sits at $495,000.