Investing in The Ohio Real Estate Market as a Real Estate Agent
February 3, 2020 |
Ohio, commonly known as the Buckeye State, is located at the crossroads of the United States. Its excellent connections by land and air to the rest of the country make it one of the most accessible and popular real estate markets in the nation. Beautiful farmland, wild rollercoasters, and collegiate and professional sports teams keep Ohioans busy any time of the year.
Ohio has a stable economy and relatively low cost of living – which means that homes don’t last for very long on the market. Ohioans, however, aren’t the only ones looking for homes in Ohio. According to an analysis by Realtor.com, homes in Ohio attract more out-of-state online shoppers than homes in other states.
Whether you’re an experienced professional or considering starting your career as a real estate agent, capitalizing on Ohio’s hottest housing markets will advance your career. Here are three of Ohio’s hottest housing markets you should be aware of.
The Columbus real estate market continues to be a popular area for both investors and buyers. The capital city was recently named the #1 hottest real estate market in the nation and one of the top-performing markets for several good reasons. Columbus’ affordability, job market, and increasing population make it appealing to prospective buyers.
Not only is Columbus home to many Fortune 500 companies like Cardinal Health, Nationwide Insurance, and American Electric Power, Columbus is also home to The Ohio State University. Founded in 1870, Ohio State is one of the largest universities in the U.S. with over 60,000 students enrolled at the Columbus campus.
Young professionals and recent graduates are a key demographic for real estate sales. The city’s diverse population allows for a wealth of opportunity in both short- and long-term properties.
Another popular housing market in the state of Ohio is Dayton. Dayton is the sixth-largest city in the state, with a population of nearly 140,000 people. Known for being the home of Wright Patterson Air Force Base, the U.S. Air Force Museum, and multiple colleges and universities, Dayton’s single-family homes, investment properties, and rentals are expected to increase in popularity over the next few years.
Northridge, Beavercreek, and Oxford are three of Dayton’s most popular suburbs due to their steady growth, affordable prices, and close proximity to the city. Recent graduates, young professionals, and military families make a big impact on Dayton’s real estate market. For buyers looking for plenty of room to grow, Dayton is a small city with a big future.
The Canton area has become increasingly popular in the state of Ohio for prospective buyers and real estate agents alike. Canton’s strong manufacturing presence provides a stable economy and comfortable cost of living for many of its residents. Affordable prices have allowed prospective buyers to find homes with a reasonable price tag and close proximity to many big cities like Akron and Cleveland.
If you’re a prospective buyer looking to settle in the Canton area, be sure to check out some of its popular suburbs like Massilon, Greentown, and Uniontown.
With Ohio’s diverse population, cities, and attractions, it has become a great opportunity for real estate agents. If you’re interested in becoming a licensed real estate agent in the state of Ohio, check out our prelicensing courses and learn why over one million students have chosen Hondros as their real estate school.