Cap Rate in Columbus, OH

2026 Market Overview for Real Estate Investors

Avg Cap Rate

6.8%

#18 of 50 markets

Median Home Price

$240,000

Purchase price

Median Monthly Rent

$1,450

$17,400/yr gross

Rent-to-Price Ratio

0.60%

Moderate

Cap Rate Rating

Good

Strong return relative to market norms. Common in cash-flow-focused markets in the Midwest and South.

Market Snapshot

Population	905,748
5-Year Population Growth	+7.5%
Median Household Income	$56,000
Vacancy Rate	6.2%
Property Tax Rate	1.78%($4,272/yr)

Investor Takeaway

Columbus is Ohio best growth story with Intel chip fabrication plant driving massive investment. Strong university presence (OSU) and government employment provide a resilient rental market.

Quick Math

Estimated annual numbers for a median-priced property in Columbus, OH before financing:

Annual Gross Rent$17,400

Less Vacancy (6.2%)($1,079)

Less Property Tax (1.78%)($4,272)

Less Est. Insurance + Maintenance($4,800)

Estimated NOI$7,249

Implied Cap Rate3.0%

Estimates based on median values. Insurance + maintenance estimated at 2% of home value. Actual results vary by property condition, neighborhood, and management.