Columbus growth not only showing in home building, the growth is diversified so much that home building in trying to keep up.
The regional powerhouse and state capitol has become a strong and diversified economy thanks to the strength of local economic pillars such as Ohio State University, state and federal institutions, insurance and retail. Columbus stands on solid footing, a far stretch from the years following the great recession.
High paying white color jobs have solidified Columbus in a region where once upon a time industrial cities like Cincinnati, Toledo, and Cleveland held all the economic sway. Population drains on these cities have attributed to their economic decline while Columbus continues to be one the of most populous and fastest growing cities in the country.
The low cost of living in the area is a huge draw to millennials and those professionals who are finding themselves priced out of bigger cities. People who have forgone the idea of owning a home have found that the greater Columbus communities offer a great resource. Affordable new homes.
Area builders, such as Pittsburgh based Maronda Homes, are strategizing for these new professionals. With steady incomes, and a housing crunch, new buyers looking to build equity are finding luck in area communities like Grove City, Canal Winchester, and Groveport.
Beltway communities are having to accommodate to new population grown, and brand new homes with attractive prices are drawing in buyers.
In some areas, brand new homes start well under $180,000 as media median home price have settled around $135,000 in the past year. Making homeownership a more realistic goal than in some areas of Columbus where prices have skyrocketed.
Builders like family-owned Maronda homes have operated for over four decades in the region and in that time, have seen the ups and downs of the Columbus market.
Maronda Homes is continuously striving to improve the home building process by modernizing floor plans, evolving homes designs, and a pioneering online experience. The company’s newly unveiled online visualizer provides the perfect blend of innovation and customer focus, pioneering the online shopping experience that new home shoppers are looking for.
Being ahead of the curve is easy in a market that seems to be setting the curve.