Columbus, Ohio Housing Market Prices
Columbus Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 42% above the Ohio median$197,353
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Median rent 24% above the Ohio median$1,280
Housing Market Overview
| Metric | Columbus | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $197,353 | $139,044 | $248,835 |
| Price Trend (Annual %) | 12.6% | 6.7% | 7.5% |
| Median Gross Rent | $1,280 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Columbus is about 42% higher than in Ohio. Rent is about 24% higher than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Columbus, up about 12.6% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Columbus rose about 55.5% between 2015 and 2024, from $823 to $1,280. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Columbus.
Buying the median-priced home in Columbus costs roughly 12.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Columbus. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Columbus | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $197,353 | $139,044 | $248,835 |
| Median Household Income | $66,429 | $71,509 | $80,455 |
| Price-to-Income Ratio | 3.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Columbus rose about 152.8%, while median household income rose about 50.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Columbus | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 41.1% | 61.7% | 58.5% |
| Rental Rate | 50.7% | 30.1% | 31.2% |
| Vacancy Rate | 8.3% | 8.1% | 10.2% |
| Median Tenure (years) | 10.0 | 16.0 | 15.0 |
| Median Year Moved In | 2016 | 2010 | 2011 |
Columbus has a homeownership rate of 41.1%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 8.3%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Columbus | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1977 | 1970 | 1978 |
| Median Number of Rooms | 5.0 | 5.9 | 5.5 |
The typical housing unit in Columbus was built around 1977. On average, 2.3 people live in a home with about 5.0 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Columbus, Ohio.
What is the median home price in Columbus, Ohio?
The median home price in Columbus, Ohio is $197,353, higher than the Ohio average of $139,044.
What is the average home price in Columbus, Ohio?
The typical home price in Columbus, Ohio, reported as the median sale price, is $197,353. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Columbus, Ohio?
The median gross rent in Columbus, Ohio is $1,280 per month, higher than the Ohio average of $1,033.
What was the median gross rent in Columbus in 2020?
In 2020, the median gross rent in Columbus, Ohio was $981 per month.
What is the price-to-rent ratio in Columbus, Ohio?
The price-to-rent ratio in Columbus, Ohio is about 12.8, meaning it would take roughly 12.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Columbus.
Are home prices or rent rising faster in Columbus, Ohio?
Both home prices and rent are rising in Columbus, up about 12.6% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Columbus, Ohio?
41.1% of households in Columbus, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Columbus, Ohio?
The housing vacancy rate in Columbus, Ohio is 8.3%, higher than the Ohio average of 8.1%.
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