Columbus Area Housing Permits




I talked about housing permits before- almost a decade ago now- and thought it would be a good time to update and expand the information. The following graphs detail Columbus area housing permits as they pertain to new residential units being permitted for construction.

Up first, the below graph shows all permitted units by type for the entire metro area since 1995.
Columbus area housing permits metro area total permits
What most stands out about the graph is how single-family construction dominated until the late 2000s. When the Great Recession hit, it completely changed that dynamic. Since then, multi-family units have mostly been on top in most years, perhaps because more money could be made with them with less financial risk.

Here is the permitted housing type as a % of total permitted units.
Columbus area housing permits % of total units
Between 1995-2010 the average breakdown was 67.46% Single-Family and 32.54% Multi-Family. Since 2010, the breakdown has been 48.16% Single-Family and 51.84% Multi-Family, representing a full 38.6-point margin change towards Multi-Family.

But what about what is actually getting permitted within just the city of Columbus, rather than the entire metro? City-exclusive data is available going back to 1980.
Columbus area housing permits Columbus city permits
The city experienced the same shift as the overall metro, but much more drastically.

The % of total units by type for the city shows that single-family housing has been steadily becoming a smaller part of new construction permits since around 2003.
Columbus area housing permits Columbus % of total units

Finally, let’s break down multi-family permits by total number of buildings per unit count for the city only.
Columbus area housing permits Columbus multi-family buildings
Except for during the 1990s, 5+-unit buildings have been dominant, but it seems that fewer overall buildings are being built despite total units being high, suggesting that project size has increased over the years.

2022 Final Housing Market Update




2022 final housing market update Columbus, Ohio

The 2022 final housing market update looks at the overall market performance for the year versus 2021.

Note: LSD= Local School District, CSD= City School District. In both cases, school district boundaries differ from city boundaries.

2022 final housing market update county closed sales
2022 final housing market update county closed sales change
Closed sales are those sales that were completed during the year. 7 of the 10 metro counties saw declines vs. 2021.
2020 final housing market update best markets for closed sales
2022 final housing market update worst markets for closed sales

2022 final housing market update county median price
2022 final housing market update county median price change
2022 final housing market update county median price % change

Overall Market Median Sales Price in 2022: $298,748
Based on the 10 Columbus Metro Area counties, the median price increased by $34,139 over 2021.
Overall Market Median Sales Price % Change in 2022 versus 2021: +12.9%

2022 final housing market update least expensive markets
2022 final housing market update most expensive markets

2022 final housing market update best market median price change
2022 final housing market update worst markets for price change
Best in the case of market median price % change is subjective. For buyers, it would be prices that have increased the least or even declined, while for sellers it would be the largest increases.

2022 final housing market update county new listings
2022 final housing market update county new listings change
Total Metro New Listings in 2022: 31,652
Total Metro New Listings Change from 2021 to 2022: -3,508
Thousands of fewer homes going to market helped keep prices rising across the metro despite a significant slowdown in overall sales.

2022 final housing market update most new listings
2022 final housing market update fewest new listings

2022 final housing market update county days before sale
2022 final housing market update county days before sale change
Average # of Days Homes Remain on the Market Before Sale for the Metro Overall in 2022: 20.0
# of Days Homes Remain on the Market Before Sale % Change for the Metro 2021 vs. 2022: +9.3%

2022 final housing market update fastest selling markets
2022 final housing market update slowest selling markets

2022 final housing market update fastest selling market change
2022 final housing market update slowest selling market change

2022 final housing market update highest price received
2022 final housing market update lowest list price received
This new data shows whether a market was receiving more or less than the original list price for the homes for sale. Those above 100% were markets that typically had buyer competition to the point where they had to pay more than list. Those below 100% were the opposite, where relatively lower demand allowed some buyers to get a home for under list.

And there you have it, the final housing market update for 2022!