columbus, OH houses for rent - craigslist (2024)

FAQs

What is considered affordable housing in Columbus Ohio? ›

What is affordable housing? An individual or family paying no more than 30% of their household income on rent or mortgage.

The average Columbus, OH home value is $247,042, up 5.9% over the past year and goes to pending in around 4 days.

With a solid economic base, a lower cost of living, and plenty to do in the city as well as the nearby communities, Columbus is good for families, young professionals, and college students alike.

The rent report lists Columbus as the city that saw the fourth-highest rent increase from February 2023 to February 2024.

Eligible people typically have an income that is below 50% of the median household income, which was about 55,000 as of 2021. Preference is typically given to elderly or disabled applicants or to families living in substandard conditions. The waiting list can also be very long, so applying sooner is always better.

However, if you want to shift to Ohio, you can find affordable homes in cities like Akron, Niles, and Sandusky. Cities like Galena and Dublin have a slightly expensive cost of living but provide better job opportunities. You must research the city's home prices and living costs before relocating.

Can my landlord raise my rent Ohio? ›

There is no rent control in the state of Ohio. A landlord can raise the rent any amount as long as tenants are given notice before they sign the lease agreement or any renewal agreement.

As Columbus apartment and home hunters know all too well, demand for homes in the region continues to outrun supply. A 2022 report concluded that central Ohio should be building 14,000 to 19,000 apartments and homes each year to keep up with demand, well above the 10,000 to 12,000 built in recent years.

Median Home Price in Columbus

Over the last several years, median home prices in Columbus have skyrocketed, but the pace has slowed over the past year. As of September 2023, Redfin data shows that the median home price was $330,000 in Columbus – a 6.5% year-over-year increase.

A: According to the U.S. Department of Housing and Urban Development, housing is considered affordable when a household pays no more than 30 percent of its annual income on housing.

Ohio is Affordable

3 in Moody's Housing Affordability Index, which measures the combination of higher median income and lower housing price (2022, Q3).

HUD sets the lower income limits at 80% and very low-income limits at 50% of the median income for the county or metropolitan area in which you choose to live. Income limits vary from area to area so you may be eligible at one HA but not at another.

For every 100 people in the state, there are only 40 affordable units, according to the Coalition on Homelessness and Housing in Ohio's Executive Director Amy Riegel. That means the state is short about 267,000 affordable homes.