Franklin County, Ohio is home to many innovative real estate investing opportunities. The county seat, Columbus, is the state capital and the 15th largest city in the United States. The population of Franklin County is just over 1.3 million people, and the median household income is $51,000.
The real estate market in Franklin County has been on an upward trend for the past few years. The average sale price of a home in Columbus was $205,000 in 2017, and it is predicted to rise to $215,000 in 2018. The vacancy rate for rental properties is low, at only 3%. This means that there is high demand for rental properties in Franklin County.
There are many different types of real estate investing opportunities available in Franklin County. One option is to invest in single-family homes that can be rented out to tenants. Another option is to purchase a multi-unit property such as an apartment building or a duplex/triplex/fourplex, which can also be rented out for income. There are also opportunities to invest in commercial real estate, such as office buildings or retail storefronts.
If you are looking for an innovative real estate investment opportunity in Franklin County, Ohio, there are many options available to you. With a strong economy and a growing population, now is a great time to invest in this county!
Price Index: Columbus, OH