Photo Location: West Broad Street at Grubb Street, looking east. Photo Date: 1937 Photo History: Franklinton was bustling in this pre-WWII era-photo of Broad Street. It had been 24 years since the Great Flood, and the neighborhood was reaching for its historic population high along with the rest of the urban core. Unfortunately, within 2 decades, the neighborhood would be devastated by yet another flood and would be followed by 50 years of stagnation and decline.
In the second part of this series, we will look at homicide rates by city and state. Out of all violent crimes, it is arguably what gets the most media and public attention, and causes the most general fear. See overall violent crime rates in part 1.
Most cities saw their numbers and rates increase by 2020, which is curious given that overall violent crimes decreased in many cities. In Columbus, homicides rose to near record levels in 2020, but overall violent crimes steadily dropped 2000-2020. Across the nation, the causes of this could be varied, but it seems the most common factor may be gun proliferation via the relaxation of regulations. For example, mass shooting incidents across the US have exploded since the mid-2000s, which coincides with the allowed expiration of the Federal Assault Weapons Ban, which existed from 1994 to September, 2004.
In this latest edition of the Housing Market Update May 2022, we see that home prices continue to reach record levels in the metro area, and houses are selling faster than ever. With rising mortgage interest rates, will the region eventually see a slowdown?
Note: LSD= Local School District, CSD= City School District. In both cases, school district boundaries differ from city boundaries.
Top 15 Most Expensive Locations By Median Sales Price in May 2022 1. New Albany: $789,900 2. New Albany Plain LSD: $650,000 3. Big Walnut LSD: $572,127 4. Powell: $565,000 5. Upper Arlington CSD: $558,000 6. Dublin: $555,000 7. Grandview Heights: $545,000 8. Granville CSD: $530,000 9. Dublin CSD: $515,000 10. Olentangy LSD: $505,000 11. Buckeye Valley LSD: $495,000 12. Worthington: $481,000 13. German Village: $475,000 14. Bexley: $470,000 15. Pickerington: $444,000 16. Canal Winchester CSD: $430,000 Several suburbs now have median prices at or above half a million dollars, with several others not too far behind.
Top 15 Least Expensive Locations by Median Sales Price in May 2022 1. Lancaster CSD: $175,000 2. Miami Trace LSD: $180,000 3. Newark CSD: $184,000 4. Circleville CSD: $187,500 5. Whitehall CSD: $205,000 6. Jefferson LSD: $220,000 7. London CSD: $227,450 8. Groveport Madison LSD: $243,000 9. Hamilton LSD: $256,700 10. Obetz: $256,700 11. Columbus CSD: $257,500 12. Columbus: $277,750 13. Reynoldsburg CSD: $280,500 14. Minerva Park: $291,500 15. South Western CSD: $295,450 On the opposite side of things, even some of the cheapest markets are approaching the $300K mark. Columbus itself remains *relatively* affordable in comparison to the market overall.
Overall Market Median Sales Price in May: $303,460 Based on the 10 Columbus Metro Area counties.
Top 15 Locations with the Highest Median Sales Price % Growth Between May 2021 and May 2022 1. Canal Winchester CSD: +65.4% 2. Big Walnut LSD: +50.4% 3. Whitehall: +48.6% 4. Northridge LSD: +42.6% 5. Groveport Madison LSD: +39.0% 6. Grandview Heights: +38.3% 7. Granville CSD: +31.7% 8. Gahanna: +27.6% 9. Teays Valley LSD: +26.4% 10. Pataskala: +26.3% 11. Pickerington: +25.1% 12. Downtown: +24.3% 13. Johnstown-Monroe LSD: +23.5% 14. Powell: +22.8% 15. Sunbury: +22.5%
Top 15 Locations with the Lowest Median Sales Price % Growth Between May 2021 and May 2022 1. German Village: -24.6% 2. Miami Trace LSD: -19.3% 3. Obetz: -14.0% 4. Bexley: -5.5% 5. Delaware CSD: -4.7% 6. New Albany: -2.5% 7. Minerva Park: -2.2% 8. Lancaster CSD: -0.6% 9. Newark CSD: -0.1% 10. Jonathan Alder LSD: 0.0% 11. Short North: 0.5% 12. London CSD: +1.1% 13. Westerville: +2.4% 14. Circleville CSD: +3.0% 15. Beechwold/Clintonville: +3.5% So far, the “Intel Effect” has yet to kick in in places like Newark and some Northeast Side communities. Only Johnstown is seeing a significant price increase. This may have to do with some of these places already being overvalued, especially New Albany.
Overall Market Median Sales Price % Change May 2022 vs. May 2021:+14.5% Based on 53 metro market locations.
Top 10 Locations with the Most New Listings in May 2022 1. Columbus: 1,337 2. Columbus CSD: 898 3. Olentangy LSD: 214 4. South Western CSD: 210 5. Hilliard CSD: 162 6. Dublin CSD: 146 7. Westerville CSD: 139 8. Worthington CSD: 94 9. Dublin: 90 10. Lancaster CSD: 88
Top 10 Locations with the Fewest New Listings in May 2022 1. Valleyview: 0 2. Lithopolis: 2 3. Minerva Park: 5 4. Obetz: 6 5. Jefferson LSD: 12 6. Northridge LSD: 14 7. Johnstown-Monroe LSD: 15 8. Miami Trace LSD: 18 9. Sunbury: 20 10. Granville CSD: 20 11. German Village: 21
Total New Listings in the Columbus Metro in May 2022:+3,362 Overall Metro New Listings % Change May 2022 vs May 2021:-3.1% New listings fell in May year-over-year even though the late spring is often a time when more homes go onto the market. Franklin County had one of the largest declines in inventory, dropping about 6.9%.
Top 10 Fastest-Selling Locations by # of Days Homes Remain on the Market Before Sale in May 2022 1. Grandview Heights: 3 2. Canal Winchester CSD: 4 3. Hilliard: 4 4. Miami Trace LSD: 4 5. Minerva Park: 4 6. Westerville: 4 7. Westerville CSD: 4 8. German Village: 5 9. Hilliard CSD: 5 10. Marsyville CSD: 5 11. Powell: 5 12. Reynoldsburg CSD: 5 13. Sunbury: 5 14. Worthington: 5 15. Worthington CSD: 5 16. Bexley: 6 17. Dublin: 6 18. Groveport Madison LSD: 6 19. Jefferson LSD: 6 20. Pickerington: 6 21. Hamilton LSD: 7 22. Lancaster CSD: 7 23. Newark CSD: 7 24. Pickerington LSD: 7 25. Upper Arlington CSD: 7 26. Whitehall: 7 27. Beechwold/Clintonville: 8 28. Gahanna: 8 29. Delaware CSD: 9 30. South Western CSD: 9 31. Blacklick: 10 32. Columbus: 10 33. Johnstown-Monroe LSD: 10 34. Gahanna Jefferson LSD: 12 35. Dublin CSD: 13 36. Grove City: 13
The “Top 10” became the Top 36 just given that most of the local markets are selling so similarly quickly. There is relatively little spread between the fastest and slowest-selling markets, with some obvious exceptions.
Top 10 Slowest-Selling Locations by # of Days Homes Remain on the Market Before Sale in May 2022 1. Northridge LSD: 84 2. Downtown: 75 3. New Albany: 29 4. Buckeye Valley LSD: 28 5. Granville CSD: 27 6. Teays Valley LSD: 27 7. London CSD: 26 8. Short North: 25 9. Jonathan Alder LSD: 22 10. Big Walnut LSD: 20 11. New Albany LSD: 19 12. Obetz: 19 13. Pataskala: 19
Top 10 Locations with the Greatest % Decline of # of Days on the Market Before Sale May 2022 vs. May 2021 1. Bexley: -76.0% 2. Jefferson LSD: -73.9% 3. Lancaster CSD: -72.0% 4. Dublin: -68.4% 5. Johnstown-Monroe LSD: -64.3% 6. Grandview Heights: -62.5% 7. Reynoldsburg CSD: -58.3% 8. Short North: -51.0% 9. Hamilton LSD: -50.0% 10. Hilliard: -50.0% 11. Westerville: -50.0% 12. Hilliard CSD: -44.4%
Top 10 Locations with the Lowest % Decline of # of Days on the Market Before Sale May 2022 vs. May 2021 1. Northridge LSD: +1,300.0% 2. Jonathan Alder LSD: +633.3% 3. Valleyview: +400.0% 4. London CSD: +188.9% 5. New Albany: +141.7% 6. New Albany LSD: +111.1% 7. Downtown: +92.3% 8. Granville CSD: +80.0% 9. Circleville CSD: +77.8% 10. Teays Valley LSD: +68.8%
% Change for the # of Days Homes Remain on the Market Before Sale Across the Metro Overall: 15.6 Overall Metro Days on Market % Change May 2022 vs May 2021: -1.3%
Columbus Realtors offers monthly housing reports and other data back several years.
One of the big factors in determining both relocations and local quality of life is crime rates by city. These rates give people an idea, or at least the perception, of which cities are safe and which are not. In this first part of a series, we take a look at violent and property crime rates for all US cities with populations at or above 250,000.
To make the comparison, I used the FBI’s Uniform Crime data, which generally goes back to the 1980s. I won’t be going back quite that far, but I will compare 3 different more recent years for each city and rank them.
Some caveats with the data: UCI collects voluntary data, so cities provide the data themselves to the FBI rather than the FBI collecting it directly. This means that cities can potentially fudge the data if they want to by reporting fewer crimes than actually occurred. Cities, especially those in high tourism states, have some incentive to do this given perceived safety is extremely important to economic outcomes. That said, it’s not exactly a free-for-all reporting system, either. There are certain standards that have to be met for data to be accepted, and reported numbers are occasionally rejected and not included in the UCI data.
In any case, this is going to be a big post, so bear with me!
In the above ranking, red cities were those that saw their violent crime rankings worsen vs. the previous decade, while blue cities have seen their rankings improve vs. the previous decade. Black cities are those that saw no ranking change. Keep in mind that although rankings may have changed for the better or worse, their actual violent crime rates may have moved in the opposite direction.
Top 25 Best Violent Crime Rate Changes By Period 2000-2010————————-2010-2020————————-2000-2020 1. Tampa: -1456.4—————–1. Atlanta: -1099.3—————–1. Atlanta: -2511.7 2. Atlanta: -1412.40—————2. Philadelphia: -851.2————2. Miami: -1575 3. Orlando: -1031.1—————3. Las Vegas: -774.9————–3. Tampa: -1552.4 4. Baltimore: -957.3—————4. Miami: -623.3——————–4. Orlando: -1290.7 5. Miami: -951.7——————–5. Newark: -562.1——————5. Philadelphia: -1139.8 6. Los Angeles: -793.3————6. Buffalo: -446.1——————-6. Baltimore: -997.5 7. Charlotte: -721——————7. Pittsburgh: -440.9—————7. St. Petersburg: -937.1 8. Dallas: -584.9——————–8. St. Petersburg: -440.8——–8. Jersey City: -790.7 9. Portland: -554.3—————–9. Jersey City: -340.1————-9. Chicago: -638.5 10. Chicago: -552.8————–10. N. Las Vegas: -337.9———10. Los Angeles: -619 11. Nashville: -514.4————-11. Cincinnati: -336.4————–11. Boston: -598.4 12. St. Petersburg: -496.3——12. Oakland: -321——————12. Portland: -545.9 13. Newark: -454.9—————13. Indianapolis: -302————-13. N. Las Vegas: -527.2 14. Jersey City: -450.6———-14. Boston: -297.8——————14. Washington DC: -517 15. Jacksonville: -450.3———15. Orlando: -259.6—————–15. Pittsburgh: -498.2 16. Kansas City: -399————16. Lexington: -259.5————–16. Nashville: -492.6 17. Lubbock: -385.1————–17. Washington DC: -250.9——17. Charlotte: -473.3 18. Albuquerque: -358.8——–18. Oklahoma City: -207.1——–18. Dallas: -467 19. New York: -352.1————19. Sacramento: -205.8————19. El Paso: -460.7 20. El Paso: -339.2————–20. San Francisco: -164.9———-20. Jacksonville: -439.3 21. St. Louis: -335.8————-21. Laredo: -157.9——————-21. Lexington: -401.4 22. Raleigh: -311.3—————22. Lincoln: -142.7——————22. New York: -400.5 23. Riverside: -309.7————23. Columbus: -136.1————–23. Raleigh: -337.8 24. New Orleans: -309.4——-24. Detroit: -129.5——————-24. Buffalo: -318.4 25. Boston: -300.6—————25. Stockton: -128.6—————-25. Riverside: -312.9
It’s somewhat surprising just how dangerous many Sun Belt cities were in the early 2000s- and still are in some cases- despite never earning nearly any negative reputation that cities like Chicago, New York, Philly and others had. Even today, cities like Chicago are constantly mentioned for being a violent city, but yet Las Vegas, Miami, Houston, Orlando, Indianapolis and many other cites all have higher violent crime rates. It’s a classic example of both how perception is often not supported by the evidence, and how media can push skewed narratives. Looking at Ohio cities, specifically, the picture overall is not great. Both Cleveland and Toledo are in the top 25 cities with the highest violent crime rates, and both rates increasing. Cincinnati was somewhat all over the place, with its rate skyrocketing 2000-2010, but then plummeting 2010-2020 to fall out of the top 25. Columbus, meanwhile, has been in a consistent- if not slower- decline that put it outside of the top 50 by 2020.
Overall, the majority of cities saw their violent crime rates fall between 2000-2020. This, again, goes contrary to the existing narrative that cities are becoming more dangerous. The pandemic and its economic effects have caused some spikes in some places, but long-term, it remains to be seen if these trends continue or abate.
In upcoming posts, we will examine cities by both homicide rates and property crime rates. Stay tuned!