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MarketsMarket MapColumbus, OH
Metropolitan Area

Columbus, OH

Ohio0
55
/100
Hold
#638 of 894 metros
Top 71% nationally for investing

Market Snapshot

$333,537
Median Home Price
31% above national median
$1,524/mo
Median Rent
10% above national median
5.48%
Rent-to-Price Ratio
Top 62% nationally
-$758
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$333,537
Down Payment (20%)$66,707
Loan Amount$266,830
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,524
Monthly P&I-$1,748
Est. Expenses (35%)-$533
Net Cash Flow-$758/mo
3.6%
Cap Rate (all cash)
-11.9%
Cash-on-Cash Return
5.48%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.6% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
55/100
55
Cash Flow(30%)
52/100

Based on 5.48% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
62/100

Based on 1.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
59/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Negative cash flow at typical financing (-$758/mo)
  • -Negative leverage (cap rate 3.6% < mortgage rate 6.9%)

Counties in Columbus, OH

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Picayune, MS
Picayune, MS
75$200,137$1,3287.96%Strong BuyView
Poplar Bluff, MO
Poplar Bluff, MO
75$168,352$1,0837.72%Strong BuyView
Batavia, NY
Batavia, NY
75$224,174Est.Strong BuyView
Sturgis, MI
Sturgis, MI
75$219,027Est.Strong BuyView
Lewistown, PA
Lewistown, PA
75$196,867Est.Strong BuyView
Current
Columbus, OH
55$333,537$1,5245.48%Hold

Rent vs buy in this metro

Rent vs buy in Columbus, OHMedian $288,459 · rent $1,478/mo

The Bottom Line

HoldColumbus, OH is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Columbus, OH metro area scores 55/100, ranking #638 of 894 US metros (top 71%). The 5.48% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-758/mo
Cap Rate
3.6%
Cash-on-Cash
-13.6%

Ready to Invest in Columbus, OH?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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