Columbus-Marion-Zanesville, OH

There is no doubt that the Columbus-Marion-Zanesville, OH combined statistical area (CSA) has seen some drastic changes in its housing market over the past few years. The most notable change has been the decrease in home prices, which has made it a much more affordable place to live. Additionally, there has been an increase in the number of foreclosures and short sales, as well as an increase in the number of renters.

The decrease in home prices can be attributed to a number of factors, including the recession and the decline of manufacturing jobs in the area. However, there are also some positive trends that are driving prices down, such as an increase in telecommuting and remote work options. This is making Columbus a more attractive option for people who want to live in a city but don't want to pay city prices.

The increase in foreclosures and short sales is also due to the recession, but there are other factors at play as well. The CSA has seen an influx of baby boomers who are downsizing or looking for more affordable options, and many of them are choosing to buy foreclosure or short sale properties. Additionally, investors have been scooping up these properties at bargain prices and then renting them out, which is helping to stabilize the housing market.

Overall, the trends in the CSA's housing market point to a more affordable place to live that is still attracting new residents. The combination of lower home prices and increased rental options is making it an attractive option for people who want to live close to downtown without paying downtown prices.