Updated almost 6 years ago on . Most recent reply
Population Growth in Columbus
Hello all. I am an out-of-state investor from California that is primarily focused on the Indianapolis market. I noticed Columbus experienced some very rapid population growth in the past 10 years (over 11%). I am new to the Columbus market and just curious if anyone can provide some insights on the factors driving such strong growth in the area. Really appreciate the help!
Most Popular Reply
I agree with these guys!
Maybe this resource is already on your radar, but I like to stay up-to-date with any population studies that MORPC releases: https://www.morpc.org/news/new-estimates-show-central-ohio-to-reach-three-million-people-by-2050/
Their research has determined that 82 people move into Franklin County EVERY DAY --- and they all need a place to live!!
On the demand side, we're not building enough housing, so properties have appreciated quickly in the past few years. In order to keep up with demand, we should be building more than 14,000 new units every year & recent years have only seen 7,000-8,000 : http://www.biahomebuilders.com/aws/BIA/pt/sp/housing-study