Real Estate
💸 Cheap rent with a catch in Columbus

A Landing apartment in Columbus. Photo: Courtesy of Landing
Picture a fully furnished Columbus apartment for $1,295 per month — with no lease, no security deposit and all utilities included. Sound too good to be true?
- It is, because there's one catch: You might have to move with just three days' notice.
Columbus home market cooling, but still above pre-COVID levels
Hoping to buy a home in 2023? This might be the time to jump into the fray.
What's happening: The Columbus region's housing market has moderated a little bit from the craziness of the past two years, though it's still nowhere near a return to pre-pandemic levels.
💸 The rent is (still) too damn high
In the fourth quarter of 2022, the average asking rent in the Columbus metro area was $1,135 — up 9.1% from a year earlier.
Why it matters: Affordability concerns are starting to weigh down the booming rental market.
Here's what experts say 2023 holds for Columbus real estate

Illustration: Brendan Lynch/Axios
The Columbus housing market shows no sign of a crash in 2023.
- Here's what experts say to expect instead:
Columbus renters can't afford starter homes
Columbus renters earned 80% of the income they would need to afford a starter home in October 2022.
- An analysis by real estate website Point2Homes considered "starter homes" properties valued in the lower one-third of all available homes for sale.
Explore how home prices have changed in central Ohio
Home prices across the central Ohio region rose between July and October, per an Axios analysis of Zillow data.
Why it matters: As if you needed another reminder, the interactive map shows it is increasingly expensive to be a homebuyer in the Columbus metro area.
Buy this mansion and the governor could be your neighbor

The Spanish revival mansion in Bexley. Photos courtesy of New Albany Realty
Now here's a home that will make you wish you'd chosen better Powerball numbers.
Up for sale: A 12,861-square-foot historic mansion on Parkview Avenue in Bexley.
Buying a house in Columbus is easier — but not cheaper
The Columbus metro area's real estate market is starting to level off.
Why it matters: After two-plus years of plummeting inventory and sky-high home prices, local buyers have waited a long time for a little relief.

Get a free daily digest of the most important news in your backyard with Axios Columbus.