If Columbus, Ohio isn’t on your real estate radar, it should be. Recently rated the #1 Big City in the midwest by CNN Money for its growing population, ample job opportunities, and excellent transportation infrastructure, Columbus is a tremendous place to live, work, raise a family, build wealth, start a business, and get an education.
After having our first child in 2015, my wife and I decided to leave Boston and come back home to Ohio, where we were raised. We were doing quite well in Boston (I was on a top 3 Massachusetts real estate team, and she had a dream job in speech therapy). However, we struggled to come up with a plan to build the life we wanted for our family without dealing with the high cost of living and congestion that comes with living in a big, east coast city. So, we packed up and moved “home,” and haven’t regretted our decision once since being back!
Being a data-driven person and working in real estate, I immediately began drilling into the fundamentals of the Columbus region, and have been bullish on its prospects ever since!
INTERESTING COLUMBUS FACTS
- Home to The Ohio State University (2nd largest university in the United States), and 58 other colleges/universities (including Ohio Wesleyan University, my alma mater)
- State Capital of Ohio, and only city built for the sole purpose of being a state capital
- Within a 10 hour drive of 47% of the United States Population (helping to drive a thriving transportation/logistics industry)
- Region has 2 million residents with roughly 877,000 living in Columbus (largest city in Ohio)
- Recently won $50M (which was matched by local businesses) from the U.S. Department of Transportation to become the City of the Future
JOB & POPULATION GROWTH
According to Columbus2020, the regional economic development organization for the 11-county Columbus region, Columbus leads all midwest cities for job, population, and GDP growth since 2010.
- Columbus was recently ranked #3 best city for millennialS, according to Time Money
- It ranks #7 among major U.S. metros for percent of population age 25 to 34 (15.5%)
- And it has a booming craft beer business (noticeable in almost every Columbus neighborhood)
10 LARGEST EMPLOYERS (Full-Time Employees)
- JPMorgan, Chase & Co. (20,475)
- Nationwide (13,000)
- Honda of America., Inc. (10,701)
- L Brands, Inc. (7,800)
- Huntington Bancshares Incorporated (5,5052)
- Cardinal Health (4,095)
- American Electric Power Company, Inc. (3,365)
- Alliance Data Retail Services (3,057)
- PNC Financial Services Group, Inc. (3,000)
- Abercrombie & Fitch Co. (2,650)
See the full list here.
If you’d like to learn more about real estate opportunities in Columbus, then let’s chat!