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Columbus, OH Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,491
Monthly Cash Flow
-$47
Principal + Equity
$1,934
Annual Total Gain
$22,646
Cash on Cash
-0.93%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$177
Occupancy Rate
56.52%
Monthly Revenue
$2,272
Monthly Cash Flow
$393
Principal + Equity
$1,934
Annual Total Gain
$27,923
Cash on Cash %
7.7%
Net ROI %
Market Health & Growth
Median Income
$65,327
Population
906,480
LTR Renter %
55.68%
Forecast (1 yr)
1.94%
Appreciation (1 yr)
0.65%
Appreciation (5 yr)
43.84%
Appreciation (10 yr)
127.49%
Job Growth
0.5%
LTR Rentability
Low
STR Demand
43
STR Rentals
2,829
Top Public Schools
AMetro Schools
ANew Albany High School
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Cities to Live in America
#115out of 229 markets
Most Diverse Cities in America
#76out of 229 markets
Best Cities for Young Professionals in America
#67out of 229 markets
C
Public School
D
Crime And Safety
C
Housing
A-
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Columbus, OH.
In Columbus, OH, Short Term Rental (STR) regulations are overseen by the Department of Building and Zoning Services. Here are some key regulations that an investor should be aware of before purchasing a property for STR purposes:
1. Zoning Restrictions: Columbus has specific zoning regulations that dictate where STRs are allowed to operate. Investors should check the zoning regulations for the specific area they are considering purchasing a property in to ensure that STRs are permitted.
2. Licensing and Permitting: STR operators in Columbus are required to obtain a Short Term Rental Permit from the Department of Building and Zoning Services. This permit must be renewed annually and failure to obtain the necessary permit can result in fines and penalties.
3. Occupancy Limits: Columbus has occupancy limits for STRs based on the size of the property. Investors should be aware of these limits and ensure that they are in compliance with them when renting out their property.
4. Safety and Health Regulations: STRs in Columbus must meet certain safety and health regulations, including having working smoke detectors, carbon monoxide detectors, and fire extinguishers. Investors should ensure that their property meets these requirements before renting it out.
5. Taxation: STR operators in Columbus are required to collect and remit a Transient Occupancy Tax on all rental transactions. Investors should be aware of their tax obligations and ensure that they are in compliance with local tax laws.
6. Noise and Nuisance Regulations: Columbus has noise and nuisance regulations that apply to all properties, including STRs. Investors should be aware of these regulations and ensure that their guests are respectful of their neighbors.
Overall, investors looking to purchase a property for Short Term Rental purposes in Columbus, OH should carefully review and understand the local regulations and requirements to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Columbus, OH, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Columbus, OH.
The LTR Genie Score of Columbus, OH is 72, indicating a moderate level of rentability for long-term rental properties in the area. The STR Genie Score is 69, also falling within the moderate range. The LTR Rent Growth Rate of 0.0536% suggests a steady but slow increase in rental prices over time. The LTR Net ROI of 37.02% and STR Net ROI of 45.65% both show promising returns on investment. The 1-Year Price Appreciation Forecast of 1.94% indicates a slight increase in property values. The STR Occupancy rate of 56.52% and STR Revenue of 2272 suggest a decent demand for short-term rental properties in Columbus.
Columbus, OH is a growing city with a diverse economy, strong job market, and a relatively affordable cost of living compared to other major cities. The city is home to several universities, which can attract a steady stream of students and faculty looking for rental properties.
Given the moderate Genie Scores for both long-term and short-term rentals, Columbus, OH may be a suitable market for real estate investors looking for a balanced investment approach. The promising ROI figures and steady rent growth rate indicate potential for profitability in both rental strategies. Investors may consider diversifying their portfolio by investing in both long-term and short-term rental properties in Columbus to capitalize on the city's growing economy and demand for rental housing.
LTR Genie Score 93
$200,000
🛏 3 Beds🛁 3.0000 Baths🏙 1,540 sqft.🏠 SINGLE FAMILY
