Why New Yorkers love investing in Ohio real estate
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Alt-tag: The city of Columbus
New York was and still is one of the most incredible places in the world. However, since so many people live there, the Concrete Jungle has become too stressful and simply not worth it for a lot of its residents. The hustle and bustle, the crowds, the lack of job opportunities, the constant increase in real estate prices, etc., forced many New Yorkers to look for a new home. And, they found it – in the state of Ohio. The Buckeye State is excellent to live and invest in real estate. And that is why New Yorkers love it. So, in this article, we will focus on why New Yorkers love investing in Ohio real estate.
About Ohio
Before we start talking about why you should invest in Ohio real estate, let us begin by saying something about this mesmerizing state. So, Ohio, also known as the Buckeye State, is situated in the Midwestern United States. It is known for its low cost of living, excellent healthcare and education systems, exceptional business climate, and countless things to do on those off days. The Rock and Roll Hall of Fame, Columbus Zoo and Aquarium, National Museum of the US Air Force, Amish Country, Franklin Park Conservatory and Botanical Gardens, etc., are just some of the places locals and tourists can visit in Ohio.
And, since this is a vast state with all four seasons, you can enjoy both skiing and sunbathing. Moreover, Ohio has some of the best colleges in the US that attract students worldwide. Most of those students decide to stay here and usually enroll in one of the state’s two largest industries – manufacturing or finance. When you combine all of these things together, you get a state that has a thriving economy and that is loved by its residents.
Caption: The state of Ohio is a perfect combination of urban and rural.
Alt-tag: A city in Ohio.
Growing Population
According to recent research, around 12 million people live in Ohio. In the last ten years, the population has grown by almost 2%. Of course, this is neither rapid nor considerable population growth, but it is still worth mentioning as it has helped boost the state’s economy. People who came to Ohio mainly were those from bigger cities looking to escape from the hustle and bustle. New Yorkers, especially, were the ones looking for homes in rural areas. They were looking for big houses with yards and the ability to get to work quickly and access all the amenities they may need. Something like this is possible only in states like Ohio. More and more people realize this nowadays, and that is why Ohio is experiencing rapid population growth right as we speak.
If you are from New York or some other metropolitan city, you might want to consider moving to Ohio. It will give you freedom and peace of mind! If you are worried about undertaking the complex project otherwise known as interstate moving from NYC, know that easy and stress-free transfer to Ohio is entirely possible. There are plenty of reliable interstate movers you can hire to ensure peace of mind for your entire family.
Thriving Job Market
The state of Ohio has one of the biggest economies in the US. And, even though the economy was slightly affected by the pandemic, everything returned to normal relatively quickly. The companies that closed have once again begun where they left off. Moreover, there are plenty of newly opened companies too! Now, there is a significant demand for people skilled in healthcare, education, and of course, in the previously mentioned manufacturing and finance.
The situation in New York is entirely different, unfortunately. Since many New Yorkers lost their jobs last year, many of them are now relocating to states like Ohio, which will allow them to get back on their feet. This growing job market and thriving economy are why New Yorkers love moving to Ohio and investing in Ohio’s real estate.
Caption: There is a constant demand for workers in Ohio, so getting a job here is never a problem.
Alt-tag: A city in Ohio.
Affordable Housing
Maybe one of the biggest reasons why New Yorkers love investing in Ohio real estate is affordable housing throughout the entire state. Cheap housing options can be found in bigger cities like Cleveland, Cincinnati, Columbus, and small, rural areas. Currently, the median house value in Ohio is around $178,863. Of course, the price of a home depends on its condition, location, square footage, etc. But, one thing is for sure – homes are a lot cheaper here than in New York. For instance, a one-bedroom apartment in Columbus is around $100,000, while that same apartment can cost $300,000 in Manhattan. The reason for investing in Ohio’s rather than in New York’s real estate is pretty straightforward and obvious. That is why so many New Yorkers are hiring capitalcitymovers.us and moving to this affordable state.
Caption: Ohio has everything from rural farmhouses to urban studio apartments.
Alt-tag: A farmhouse in Ohio.
Budget-friendly Cost of Living
And, speaking of inexpensive, the state of Ohio also has a meager cost of living. Almost everything is cheaper here when compared to other states. If you, for instance, compare the costs of living in Ohio with those in New York, you would see a difference of almost 20%. Everything from groceries to utilities is around 20% more expensive in New York. Even renting is significantly cheaper. So, be very careful when deciding whether you want to rent or buy in Ohio – with prices as affordable as these, making that decision is relatively hard.
When this budget-friendly cost of living is combined with a growing population, thriving job market, and affordable housing, we end up with a place that seems like a dream come true. And, it is a dream come true, especially for New Yorkers. And that is why New Yorkers love investing in Ohio real estate.
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Photos used:
https://pixabay.com/photos/columbus-ohio-skyline-cityscape-4127568/
https://pixabay.com/photos/columbus-ohio-city-urban-buildings-1936113/
https://pixabay.com/photos/columbus-ohio-city-cities-urban-1618317/
https://pixabay.com/photos/ohio-farm-agriculture-barn-red-1936640/