Why We Love Columbus
Columbus, Ohio, is named one of the hottest markets in June 2022 by realtor.com, and we’re excited to announce our expansion into our 4th state!
Niche.com gives Columbus an overall grade of “A-,” ranking highly on “Best Cities for Young Professionals,” cities with the lowest cost of living and the best cities to live in overall. Despite the rising home prices nationwide, the real estate market in Columbus remains highly affordable compared to most booming housing markets in the U.S.
Columbus is best known for “The Ohio State University,” but there are plenty of other reasons to love this market for investing too.
Here’s Why We Love Columbus:
Columbus’ location in the country is hard to beat: the city is within a one-day drive or one-hour flight to 41% of the U.S. population, 80% of the corporate headquarters in the U.S., 43% of U.S. manufacturing, and 29% of the Canadian population.
Columbus is the most populous city in Ohio and the second largest city in the Midwest, growing over 15% in the last decade.
The city has a diverse economic base from the Universities, working families, and a highly skilled workforce in the metro area. Income has grown close to 8% from 2018 to 2019.
The unemployment rate dropped is a record-breaking 2.8%, although many jobs have not recovered since the pandemic in 2020.
Home to large Fortune 500 companies like Cardinal Health, Progressive Group of Insurance Companies, Sherwin-Williams, and Goodyear Tire & Rubber Company and professional sports teams NHL Columbus Bluejays and MLS Columbus Crew.
Forbes rates Columbus #28 on Best Places for Businesses and Careers. Not to mention, the tech sector plays a significant role in the Columbus economy. Smarts Asset names Columbus as the 5th best place to work in tech.
The city is investing in itself with ongoing plans towards developing biking and fitness trail systems across town as younger people find themselves moving and growing their families here.
[Update as of 9/12/2022] Follow the jobs!
Intel announced earlier this year that they will be investing $20 billion in the construction of two new leading-edge chip factories in Ohio. Intel recently broke ground, with President Joe Biden in attendance commending the creation of new jobs coming to the city: 7,000 construction jobs & 3,000 full-time jobs.
When you invest in a single-family rental home through Doorvest:
Save time and headaches. On average, it takes about 4-6 months to conduct market research, identify a home, vet contractors, run the numbers, renovate and oversee the project. With Doorvest, a typical Doorvestor (customer) can expect to become a homeowner between 45 days to 3 months without having to deal with the nuances.
Save cash! In a typical process, you will have to cough up your money to pay for renovations and updates you make on the home. With Doorvest, the cost of renovations is baked into the selling price. Each Doorvestor only has to come up with a minimum downpayment.
Fair and transparent pricing. In traditional real estate, bidding wars can be incredibly frustrating for everyone involved, especially when there is a record of home inventory and many are eager to buy, sending prices to record high. Doorvest mitigates this murkiness by letting you know the price upfront.
Homes are exclusive! You will not be able to find our homes anywhere else like Zillow or Redfin. We are selling exclusively to our list of Deposit Holders vs on the open market.
First-Year Guarantees. For the first year with Doorvest, we guarantee you will not incur significant expenses, and if a resident is not placed when you close a home, we will ensure you get your rental income as expected. (Terms and Conditions apply).