Median price jumps 6.3%. Johnstown, Newark, and Granville, turn to Buyer markets in some price points. Active listings for homes over $500k explode by 38%.
Median price jumps 6.3%. Johnstown, Newark, and Granville, turn to Buyer markets in some price points. Active listings for homes over $500k explode by 38%.
The Affordability Crisis: A Millennial and Gen Z Nightmare
Why do so many young folks feel locked out of the housing market?
The Astonishing Shift in Central Ohio's Housing Affordability: A Closer Look
The term "home affordability" has taken on a whole new meaning, one that has left many residents bewildered by the sheer magnitude of change. To truly grasp the enormity of this shift, let's rewind the clock to January 2021 when mortgage rates hovered at a modest 2.76%. Back then, the median home price in Central Ohio stood at a mere $207,000. Prospective homeowners could secure their piece of the American dream for an average monthly payment of around $953, given a 20% downpayment.