Columbus Home Values

by Maureen McCabe on June 20, 2007

Columbus map with grid

According to a study by National City Bank; Columbus homes were “fairly valued” in the first quarter of 2007. “House Prices in America by Median Price and Valuation”

According to the study the median value in the first quarter of 2007 of a Columbus home was $146,000 and that is -9.3% of the real value. If you use your cursor over the Columbus green blog you will get that info as well as a couple of graphs… about the real estate market over the years.

Visit the National City website to see an interactive map, Columbus is green. Green is good. Green means fairly valued. All of the Ohio communities in fact are green. Cleveland, Cincinnati, Dayton, Mansfield, Lima, Canton, Akron, Youngstown… all are shown in green like Columbus, fairly valued.

Most of the Great Lakes area, Illinois, Michigan, Wisconsin are speckled with green. There is one moderately over valued market in Southern Wisconsin. The Twin Cities are still moderately overpriced according to the study. The nearest undervalued market to Central Ohio is Indianapolis.

There are still overvalued markets in Florida, on the east coast but more on the west coast.

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