1031 Exchange Columbus, Ohio

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Columbus due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan area Area

Columbus, Ohio is a part of the Columbus, OH MSA metropolitan area area, and contains 45 zip codes, including: 43223, 43236, 43210, 43215, 43216, and 43218.

Columbus Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Columbus, OH metropolitan area area was $938, which is 24.07% lower than 2014 average rent. This represents a compounded annual growth rate of 4.41%. 2019 vacancy in Columbus, OH was 4.60%.

The total population of the city of Columbus, OH has grown 13.40% since 2010. As of 2018, the population was 892,533. The median household income of the Columbus was $51,612, which is 14.40% lower than the national average.

  • metropolitan area area Columbus, OH MSA
  • avg rent $938
  • rent growth 24.07%
  • vacancy 4.60%
  • median income $51,612
  • population (2018) 892,533
  • population growth 13.40%
  • vs. nat'l avg 14.40%
  • zip codes 43085 43201 43202 43203 43204 43205 43206 43207 43209 43210 43211 43212 43213 43214 43215 43216 43217 43218 43219 43220 43221 43222 43223 43224 43226 43227 43228 43229 43230 43231 43232 43234 43235 43236 43240 43251 43260 43266 43268 43270 43271 43272 43279 43287 43291

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