It seems like everywhere you look in Columbus, a new development or apartment complex is breaking ground. Just based off the eye test, we know a lot of people are moving to our great city (as they should!).
But this article from Zillow really puts it into perspective, as they ranked Columbus the #3 hottest housing market in the country!
According to Zillow, they used the following 5 factors in coming to their final rankings:
- Forecasted annual home value appreciation in Nov. 2024
- Forecasted acceleration in home value appreciation, Nov. 2023 – Nov. 2024
- Listing days per home, Jan. 2023 – Nov. 2023
- Two-year change in total non-farm employment per two-year residential building permit total
- Projected change in owner-occupied households, 2023 – 2024
Essentially, Columbus has seen very steady housing prices coupled with lots of housing projects underway and extensive job growth. We couldn’t have said it better ourselves, Zillow!
The national headlines about how inflated and scary the housing market is are certainly frightening, but take solace knowing that we live in one of the best (and least scary) real estate markets in the country.
And I don’t know about you, but I’m excited to welcome in our new out-of-town neighbors!
If you want to read more about the top 10 housing markets in the U.S., click here.
