ADVERTISEMENT

    Report: Columbus Metro Adding 12,000 Housing Units for 26,000 New Residents Each Year

    According to a new report from Apartment List, the Columbus region permitted the construction of 6,673 new apartment units and 5,616 new single family homes in 2022, which ranks it as the 19th most active metro area for housing development in the US.

    ADVERTISEMENT

    That number may not be enough to ease the supply and demand curve, given that the Columbus region has grown by an average of over 26,000 new residents per year for the past two decades, with no signs of slowing down.

    “Today’s high interest rate environment has slowed single-family home construction, but apartment construction remains strong,” explained Rob Warnock, senior research associate at Apartment List. “Today there are nearly one million apartments under construction across the nation, more than at any point since 1970.”

    Of the new permits in Central Ohio, approximately 50 percent of them are located within the City of Columbus while the other 50 percent are spread throughout the regions suburbs and exurbs.

    “Across the nation’s 50 largest metros as a whole, there is a clear trend, on average, of core cities accounting for a greater share of new permitting since the Great Recession,” stated Warnock. “From 1990 to 2009, 20 percent of all permits issued in the top 50 metros were in the core cities of those metros; from 2010 to 2022, that share has jumped to 29 percent.”

    With the Columbus metro area expected to surpass 3.15 million residents by 2050, the amount of new apartment and housing construction will have to continue to grow in volume to accomodate over 30,000 new residents per year.

    To view the full report, visit www.apartmentlist.com/research/.

    ADVERTISEMENT

    Subscribe

    More to Explore:

    The Confluence Cast: Grave Matters – Unearthing the North Graveyard

    There is often a complex interplay between preservation and progress. A year into his exploration, Columbus Underground reporter Jesse Bethea continues to sift through the story of how the removal of remains from what was once the North Market parking lot unfolded. From the contentious removal of centuries-old graves to the forensic analysis of unearthed remains, today’s episode navigates the ethical, legal, and emotional complexities surrounding the issue.  In the quest to honor the past while embracing the future, we examine what lies beneath the surface of urban development and confront the ghosts of history that still shape our city today.

    ‘Experimental Museum’ Planned for Whittier Peninsula

    A local company plans to bring a "first-of-its-kind experimental...

    Upscale Apartment Complex Planned for Gahanna

    As Columbus suburb Gahanna continues to evolve, one question lingers: What's next for the city's residential scene? Enter Elliott Parc.

    Housing Planned for Key Corner Across From Columbus State Campus

    Columbus State Community College and Woda Cooper Companies announced...

    Downtown Population Hits 12,000 Mark With 3,400 More Units in the Pipeline

    The annual "State of Downtown" report from the The Capital Crossroads & Discovery District Special Improvement Districts (SID) was released on Wednesday, containing the latest numbers on Downtown's growth.
    Walker Evans
    Walker Evanshttps://columbusunderground.com
    Walker Evans is the co-founder of Columbus Underground, along with his wife and business partner Anne Evans. Walker has turned local media into a full time career over the past decade and serves on multiple boards and committees throughout the community.
    ADVERTISEMENT